By Helgi Library - April 2, 2020
OKD's total assets reached CZK 7,022 mil at the end of 2015, down 46.4% compared to the previous year. Current ass...
By Helgi Library - April 2, 2020
OKD's total assets reached CZK 7,022 mil at the end of 2015, down 46.4% compared to the previous year. Current ass...
| Profit Statement | 2013 | 2014 | 2015 | |
| Sales | CZK mil | 25,017 | 19,223 | 16,941 |
| Gross Profit | CZK mil | 7,514 | 7,722 | 6,733 |
| EBITDA | CZK mil | -17,847 | -6,296 | -5,734 |
| EBIT | CZK mil | -21,878 | -8,448 | -6,870 |
| Financing Cost | CZK mil | 1,980 | 706 | -42.0 |
| Pre-Tax Profit | CZK mil | -23,857 | -9,153 | -6,828 |
| Net Profit | CZK mil | -19,659 | -10,093 | -6,828 |
| Dividends | CZK mil | 0 | 0 | ... |
| Balance Sheet | 2013 | 2014 | 2015 | |
| Total Assets | CZK mil | 22,110 | 13,106 | 7,022 |
| Non-Current Assets | CZK mil | 15,717 | 9,040 | 3,257 |
| Current Assets | CZK mil | 6,354 | 4,044 | 3,750 |
| Working Capital | CZK mil | 578 | 492 | 325 |
| Shareholders' Equity | CZK mil | 861 | -1,912 | -848 |
| Liabilities | CZK mil | 21,249 | 15,017 | 7,869 |
| Total Debt | CZK mil | 12,968 | 5,701 | 62.2 |
| Net Debt | CZK mil | 10,980 | 4,538 | -1,196 |
| Ratios | 2013 | 2014 | 2015 | |
| ROE | % | -188 | 1,922 | 495 |
| ROCE | % | -74.0 | -78.2 | -104 |
| Gross Margin | % | 30.0 | 40.2 | 39.7 |
| EBITDA Margin | % | -71.3 | -32.8 | -33.8 |
| EBIT Margin | % | -87.5 | -43.9 | -40.6 |
| Net Margin | % | -78.6 | -52.5 | -40.3 |
| Net Debt/EBITDA | -0.615 | -0.721 | 0.209 | |
| Net Debt/Equity | 12.8 | -2.37 | 1.41 | |
| Cost of Financing | % | 15.9 | 7.57 | -1.46 |
| Cash Flow | 2013 | 2014 | 2015 | |
| Total Cash From Operations | CZK mil | -160 | -393 | 204 |
| Total Cash From Investing | CZK mil | -110 | -1,114 | -892 |
| Total Cash From Financing | CZK mil | 0 | 712 | 841 |
| Net Change In Cash | CZK mil | -269 | -795 | 153 |
| Cash Conversion Cycle | days | -0.401 | -2.85 | -4.06 |
| Cash Earnings | CZK mil | -15,627 | -7,941 | -5,691 |
| Free Cash Flow | CZK mil | -269 | -1,507 | -688 |
Get all company financials in excel:
| summary | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||
| Sales | CZK mil | ... | 31,472 | 44,160 | 44,966 | 37,546 | 25,017 | ||||||
| Gross Profit | CZK mil | ... | 14,519 | 20,046 | 21,432 | 15,968 | 7,514 | ||||||
| EBIT | CZK mil | ... | 2,675 | 7,890 | 8,326 | 2,179 | -21,878 | ||||||
| Net Profit | CZK mil | ... | 1,480 | 6,323 | 6,095 | 1,204 | -19,659 | ||||||
| ROE | % | ... | 5.58 | 24.4 | 25.6 | 5.43 | -188 | ||||||
| EBIT Margin | % | ... | 8.50 | 17.9 | 18.5 | 5.80 | -87.5 | ||||||
| Net Margin | % | ... | 4.70 | 14.3 | 13.6 | 3.21 | -78.6 | ||||||
| Employees | ... | ... | ... | ... | 14,331 | 13,693 | 13,305 | 13,068 | 12,367 | ||||
| balance sheet | |||||||||||||
| Total Assets | CZK mil | 50,497 | 47,266 | 47,848 | 43,203 | 22,110 | |||||||
| Non-Current Assets | CZK mil | 32,262 | 32,363 | 33,179 | 35,006 | 15,717 | |||||||
| Current Assets | CZK mil | 18,026 | 14,838 | 14,593 | 8,133 | 6,354 | |||||||
| Shareholders' Equity | CZK mil | 28,552 | 23,350 | 24,297 | 20,048 | 861 | |||||||
| Liabilities | CZK mil | 21,946 | 23,917 | 23,552 | 23,154 | 21,249 | |||||||
| Non-Current Liabilities | CZK mil | 3,570 | 14,621 | 12,803 | 13,511 | 13,060 | |||||||
| Current Liabilities | CZK mil | 5,777 | 6,379 | 8,023 | 7,474 | 6,021 | |||||||
| Net Debt/EBITDA | ... | -0.509 | 0.732 | 0.745 | 1.62 | -0.615 | |||||||
| Net Debt/Equity | -0.109 | 0.360 | 0.370 | 0.495 | 12.8 | ||||||||
| Cost of Financing | % | ... | 6.00 | 6.16 | 6.91 | 5.47 | 15.9 | ||||||
| cash flow | |||||||||||||
| Total Cash From Operations | CZK mil | ... | ... | ... | ... | 8,459 | 8,246 | 4,470 | 9,261 | -160 | |||
| Total Cash From Investing | CZK mil | ... | ... | ... | ... | -7,129 | -2,310 | 898 | -3,875 | -110 | |||
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | -11,249 | -2,848 | -5,380 | -6,595 | 0 | |||
| Net Change In Cash | CZK mil | ... | ... | ... | ... | -9,919 | 3,088 | -11.9 | -1,208 | -269 |
| income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| income statement | |||||||||||||
| Sales | CZK mil | ... | 31,472 | 44,160 | 44,966 | 37,546 | 25,017 | ||||||
| Cost of Goods & Services | CZK mil | ... | 16,953 | 24,114 | 23,534 | 21,577 | 17,502 | ||||||
| Gross Profit | CZK mil | ... | 14,519 | 20,046 | 21,432 | 15,968 | 7,514 | ||||||
| Staff Cost | CZK mil | ... | 7,731 | 8,328 | 8,594 | 8,670 | 8,097 | ||||||
| Other Cost | CZK mil | ... | 673 | 225 | 774 | 1,177 | 17,264 | ||||||
| EBITDA | CZK mil | ... | 6,115 | 11,492 | 12,064 | 6,121 | -17,847 | ||||||
| Depreciation | CZK mil | ... | 3,440 | 3,603 | 3,738 | 1,204 | -19,659 | ||||||
| EBIT | CZK mil | ... | 2,675 | 7,890 | 8,326 | 2,179 | -21,878 | ||||||
| Financing Cost | CZK mil | ... | 670 | 678 | 793 | 631 | 1,980 | ||||||
| Extraordinary Cost | CZK mil | ... | 14.5 | 108 | 1.03 | -0.919 | -1.33 | ||||||
| Pre-Tax Profit | CZK mil | ... | 1,991 | 7,104 | 7,533 | 1,549 | -23,857 | ||||||
| Tax | CZK mil | ... | 511 | 781 | 1,438 | 345 | -4,198 | ||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||
| Net Profit | CZK mil | ... | 1,480 | 6,323 | 6,095 | 1,204 | -19,659 | ||||||
| Dividends | CZK mil | ... | ... | ... | ... | 1,008 | 6,095 | 6,011 | 0 | 0 | ... | ||
| growth rates | |||||||||||||
| Total Revenue Growth | % | ... | ... | -37.1 | 40.3 | 1.82 | -16.5 | -33.4 | |||||
| Operating Cost Growth | % | ... | ... | -10.5 | 1.78 | 9.51 | 5.13 | 158 | |||||
| EBITDA Growth | % | ... | ... | -63.4 | 87.9 | 4.98 | -49.3 | -392 | |||||
| EBIT Growth | % | ... | ... | -80.3 | 195 | 5.54 | -73.8 | -1,104 | |||||
| Pre-Tax Profit Growth | % | ... | ... | -84.6 | 257 | 6.03 | -79.4 | -1,640 | |||||
| Net Profit Growth | % | ... | ... | -85.3 | 327 | -3.61 | -80.2 | -1,733 | |||||
| ratios | |||||||||||||
| ROE | % | ... | 5.58 | 24.4 | 25.6 | 5.43 | -188 | ||||||
| ROCE | % | ... | 4.58 | 19.1 | 17.5 | 3.34 | -74.0 | ||||||
| Gross Margin | % | ... | 46.1 | 45.4 | 47.7 | 42.5 | 30.0 | ||||||
| EBITDA Margin | % | ... | 19.4 | 26.0 | 26.8 | 16.3 | -71.3 | ||||||
| EBIT Margin | % | ... | 8.50 | 17.9 | 18.5 | 5.80 | -87.5 | ||||||
| Net Margin | % | ... | 4.70 | 14.3 | 13.6 | 3.21 | -78.6 | ||||||
| Payout Ratio | % | ... | ... | ... | ... | 68.1 | 96.4 | 98.6 | 0 | 0 | ... | ||
| Cost of Financing | % | ... | 6.00 | 6.16 | 6.91 | 5.47 | 15.9 | ||||||
| Net Debt/EBITDA | ... | -0.509 | 0.732 | 0.745 | 1.62 | -0.615 |
| balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| balance sheet | |||||||||||||
| Non-Current Assets | CZK mil | 32,262 | 32,363 | 33,179 | 35,006 | 15,717 | |||||||
| Property, Plant & Equipment | CZK mil | 31,196 | 32,102 | 32,862 | 34,446 | 15,210 | |||||||
| Intangible Assets | CZK mil | 962 | 157 | 213 | 266 | 191 | |||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||
| Current Assets | CZK mil | 18,026 | 14,838 | 14,593 | 8,133 | 6,354 | |||||||
| Inventories | CZK mil | 1,095 | 922 | 1,200 | 2,489 | 763 | |||||||
| Receivables | CZK mil | 2,251 | 4,839 | 4,971 | 3,064 | 1,987 | |||||||
| Cash & Cash Equivalents | CZK mil | 13,360 | 3,348 | 2,186 | 1,959 | 1,988 | |||||||
| Total Assets | CZK mil | 50,497 | 47,266 | 47,848 | 43,203 | 22,110 | |||||||
| Shareholders' Equity | CZK mil | 28,552 | 23,350 | 24,297 | 20,048 | 861 | |||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||
| Liabilities | CZK mil | 21,946 | 23,917 | 23,552 | 23,154 | 21,249 | |||||||
| Non-Current Liabilities | CZK mil | 3,570 | 14,621 | 12,803 | 13,511 | 13,060 | |||||||
| Long-Term Debt | CZK mil | 8,016 | 10,892 | 9,070 | 10,008 | 12,941 | |||||||
| Deferred Tax Liabilities | CZK mil | 3,105 | 3,455 | 3,515 | 3,329 | 0 | |||||||
| Current Liabilities | CZK mil | 5,777 | 6,379 | 8,023 | 7,474 | 6,021 | |||||||
| Short-Term Debt | CZK mil | 2,229 | 868 | 2,106 | 1,872 | 26.6 | |||||||
| Trade Payables | CZK mil | 3,666 | 3,715 | 4,011 | 3,697 | 2,172 | |||||||
| Provisions | CZK mil | 2,390 | 2,891 | 2,702 | 2,126 | 2,088 | |||||||
| Equity And Liabilities | CZK mil | 50,497 | 47,266 | 47,848 | 43,203 | 22,110 | |||||||
| growth rates | |||||||||||||
| Total Asset Growth | % | ... | 6.05 | -6.40 | 1.23 | -9.71 | -48.8 | ||||||
| Shareholders' Equity Growth | % | ... | 16.6 | -18.2 | 4.05 | -17.5 | -95.7 | ||||||
| Net Debt Growth | % | ... | -310 | -370 | 6.87 | 10.4 | 10.7 | ||||||
| Total Debt Growth | % | ... | -15.2 | 14.8 | -4.97 | 6.30 | 9.15 | ||||||
| ratios | |||||||||||||
| Total Debt | CZK mil | 10,245 | 11,761 | 11,176 | 11,881 | 12,968 | |||||||
| Net Debt | CZK mil | -3,115 | 8,413 | 8,990 | 9,922 | 10,980 | |||||||
| Working Capital | CZK mil | -321 | 2,046 | 2,159 | 1,856 | 578 | |||||||
| Capital Employed | CZK mil | 31,941 | 34,409 | 35,338 | 36,862 | 16,294 | |||||||
| Net Debt/Equity | -0.109 | 0.360 | 0.370 | 0.495 | 12.8 | ||||||||
| Cost of Financing | % | ... | 6.00 | 6.16 | 6.91 | 5.47 | 15.9 |
| cash flow | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| cash flow | |||||||||||||
| Net Profit | CZK mil | ... | 1,480 | 6,323 | 6,095 | 1,204 | -19,659 | ||||||
| Depreciation | CZK mil | ... | 3,440 | 3,603 | 3,738 | 1,204 | -19,659 | ||||||
| Non-Cash Items | CZK mil | ... | ... | ... | ... | 216 | 687 | -5,250 | 3,811 | 14,189 | |||
| Change in Working Capital | CZK mil | ... | ... | ... | ... | 3,323 | -2,367 | -113 | 303 | 1,278 | |||
| Total Cash From Operations | CZK mil | ... | ... | ... | ... | 8,459 | 8,246 | 4,470 | 9,261 | -160 | |||
| Capital Expenditures | CZK mil | ... | ... | ... | ... | -2,239 | -2,336 | -4,366 | -3,273 | -1,998 | |||
| Other Investments | CZK mil | ... | ... | ... | ... | -4,890 | 26.6 | 5,264 | -601 | 1,889 | |||
| Total Cash From Investing | CZK mil | ... | ... | ... | ... | -7,129 | -2,310 | 898 | -3,875 | -110 | |||
| Dividends Paid | CZK mil | ... | ... | ... | ... | ... | -12,803 | -1,008 | -6,095 | -6,011 | 0 | ||
| Issuance Of Debt | CZK mil | ... | ... | ... | ... | -1,839 | 1,515 | -585 | 704 | 1,087 | |||
| Total Cash From Financing | CZK mil | ... | ... | ... | ... | -11,249 | -2,848 | -5,380 | -6,595 | 0 | |||
| Net Change In Cash | CZK mil | ... | ... | ... | ... | -9,919 | 3,088 | -11.9 | -1,208 | -269 | |||
| ratios | |||||||||||||
| Days Sales Outstanding | days | ... | 26.1 | 40.0 | 40.4 | 29.8 | 29.0 | ||||||
| Days Sales Of Inventory | days | ... | 23.6 | 14.0 | 18.6 | 42.1 | 15.9 | ||||||
| Days Payable Outstanding | days | ... | 78.9 | 56.2 | 62.2 | 62.5 | 45.3 | ||||||
| Cash Conversion Cycle | days | ... | -29.3 | -2.28 | -3.25 | 9.35 | -0.401 | ||||||
| Cash Earnings | CZK mil | ... | 4,920 | 9,926 | 9,833 | 5,146 | -15,627 | ||||||
| Free Cash Flow | CZK mil | ... | ... | ... | ... | 1,330 | 5,936 | 5,368 | 5,387 | -269 |
| other data | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| other data | |||||||||||||
| ROA | % | ... | 3.02 | 12.9 | 12.8 | 2.65 | -60.2 | ||||||
| Gross Margin | % | ... | 46.1 | 45.4 | 47.7 | 42.5 | 30.0 | ||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | 2,359 | 2,652 | 3,043 | 2,827 | 2,789 | |||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | ... | ... | 44,957 | 50,686 | 53,824 | 55,287 | 54,562 | |||
| Staff Cost (As % Of Total Cost) | % | ... | 26.8 | 23.0 | 23.5 | 24.5 | 17.3 | ||||||
| Effective Tax Rate | % | ... | 25.7 | 11.0 | 19.1 | 22.2 | 17.6 | ||||||
| Sales of Coking Coal | CZK mil | ... | ... | ... | 15,425 | 23,104 | 23,460 | 17,661 | 11,698 | ||||
| Sales of Thermal Coal | CZK mil | ... | ... | ... | 11,000 | 10,078 | 12,396 | 11,049 | 9,449 | ||||
| Sales of Coke & Other Coal | CZK mil | ... | ... | ... | 3,839 | 10,086 | 7,649 | 6,045 | 4,669 | ||||
| Mining Costs per Tonne | EUR | ... | ... | ... | 58.3 | 83.3 | 85.1 | 76.6 | 72.7 | ||||
| Production of Coal (kt) | kt | ... | ... | ... | 11,001 | 11,443 | 11,247 | 11,206 | 8,800 | ||||
| Production of Coking Coal (kt) | kt | ... | ... | ... | 5,900 | 6,013 | 5,168 | 4,991 | 4,273 | ||||
| Production of PCI Coal (kt) | kt | ... | ... | ... | ... | ... | ... | 342 | 382 | 350 | 342 | ||
| Production of Thermal Coal (kt) | kt | ... | ... | ... | 5,101 | 5,088 | 5,698 | 5,865 | 4,185 | ||||
| Sales of Coal (kt) | kt | ... | ... | ... | ... | ... | 10,939 | 11,515 | 11,196 | 10,245 | 9,710 | ||
| Sales of Coking Coal (kt) | kt | ... | ... | ... | ... | ... | 5,999 | 6,037 | 4,965 | 5,168 | 4,290 | ||
| Sales of Thermal Coal (kt) | kt | ... | ... | ... | ... | ... | 4,940 | 5,478 | 5,850 | 4,727 | 5,080 | ||
| Sales of PCI Coal (kt) | kt | ... | ... | ... | ... | ... | ... | ... | 382 | 350 | 340 | ||
| Sales Price of Coking Coal per Tonne | EUR | 86.2 | 138 | 177 | 124 | 99.7 | |||||||
| Sales Price of Thermal Coal per Tonne | EUR | 71.6 | 60.5 | 67.0 | 74.0 | 68.0 | |||||||
| Sales Price of Coke per Tonne | EUR | 149 | 275 | 365 | 289 | ... | ... | ... | |||||
| Sales Price of Coal per Tonne | EUR | ... | ... | ... | 104 | 150 | 157 | 123 | 107 | ||||
| EBITDA per Tonne of Coal Mined | EUR | ... | ... | ... | 21.0 | 39.7 | 43.6 | 21.7 | -74.2 | ||||
| EBIT per Tonne of Coal Mined | EUR | ... | ... | ... | 9.20 | 27.3 | 30.1 | 7.74 | -90.9 | ||||
| Net Profit per Tonne of Coal Mined | EUR | ... | ... | ... | 5.09 | 21.8 | 22.0 | 4.28 | -81.7 | ||||
| Revenues From Abroad | CZK mil | ... | ... | ... | ... | 17,829 | 25,709 | 25,120 | 19,871 | 14,056 | |||
| Revenues From Abroad (As % Of Total) | % | ... | ... | ... | ... | 56.7 | 58.2 | 55.9 | 52.9 | 56.2 | |||
| Capital Expenditures (As % of Sales) | % | ... | ... | ... | ... | 7.11 | 5.29 | 9.71 | 8.72 | 7.99 |
Get all company financials in excel:
OKD is the largest hard coal mining company in the Czech Republic. The Company produces quality coking and thermal coal for the steel and energy sectors in Central Europe. The Company belongs to the New World Resources Plc Group (NWR), which is listed on the Prague and Warsaw Stock Exchanges. OKD (or NWR, respectively) has 374 mil tonnes of hard coal reserves. Strategically located within the region, NWR supplies to a blue chip customer base in the region, including ArcelorMittal, U.S. Steel, voestalpine, Dalkia, ČEZ, Verbund, Moravia Steel, and ThyssenKrupp. Headquartered in the Netherlands, NWR employs around 16 thousand people. NWR currently mines deep underground mines in the upper Silesian basin in the Czech Republic and has several development projects in both Poland and the Czech Republic
OKD has been growing its sales by a year on average in the last 5 years. EBITDA has fallen by 150% during that time to total of CZK -5,734 mil in 2015, or -33.8% of sales. That’s compared to -19.0% average margin seen in last five years.
The company netted CZK -6,828 mil in 2015 implying ROE of 495% and ROCE of -104%. Again, the average figures were 452% and -47.1%, respectively when looking at the previous 5 years.
OKD’s net debt amounted to CZK -1,196 mil at the end of 2015, or 1.41 of equity. When compared to EBITDA, net debt was 0.209x, down when compared to average of 0.248x seen in the last 5 years.
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