By Helgi Library - April 2, 2020
Prazska Plynarenska's total assets reached CZK 8,595 mil at the end of 2014, down 5.15% compared to the previous year. ...
By Helgi Library - April 2, 2020
Prazska Plynarenska's total assets reached CZK 8,595 mil at the end of 2014, down 5.15% compared to the previous year. ...
| Profit Statement | 2012 | 2013 | 2014 | |
| Sales | CZK mil | 17,012 | 16,859 | 13,751 |
| Gross Profit | CZK mil | 2,561 | 2,801 | 2,616 |
| EBITDA | CZK mil | 1,192 | 1,199 | 1,254 |
| EBIT | CZK mil | 827 | 828 | 883 |
| Financing Cost | CZK mil | 61.3 | 60.1 | 32.7 |
| Pre-Tax Profit | CZK mil | 766 | 768 | 850 |
| Net Profit | CZK mil | 636 | 561 | 729 |
| Dividends | CZK mil | 634 | 634 | ... |
| Balance Sheet | 2012 | 2013 | 2014 | |
| Total Assets | CZK mil | 14,726 | 9,062 | 8,595 |
| Non-Current Assets | CZK mil | 5,602 | 5,714 | 5,857 |
| Current Assets | CZK mil | 9,125 | 3,348 | 2,738 |
| Working Capital | CZK mil | 1,250 | 1,134 | -48.4 |
| Shareholders' Equity | CZK mil | 4,522 | 4,449 | 4,545 |
| Liabilities | CZK mil | 10,204 | 4,612 | 4,050 |
| Total Debt | CZK mil | 2,110 | 1,951 | 794 |
| Net Debt | CZK mil | 1,964 | 1,623 | 239 |
| Ratios | 2012 | 2013 | 2014 | |
| ROE | % | 14.3 | 12.5 | 16.2 |
| ROCE | % | 9.12 | 8.18 | 11.5 |
| Gross Margin | % | 15.1 | 16.6 | 19.0 |
| EBITDA Margin | % | 7.00 | 7.11 | 9.12 |
| EBIT Margin | % | 4.86 | 4.91 | 6.42 |
| Net Margin | % | 3.74 | 3.33 | 5.30 |
| Net Debt/EBITDA | 1.65 | 1.35 | 0.191 | |
| Net Debt/Equity | 0.434 | 0.365 | 0.053 | |
| Cost of Financing | % | 2.78 | 2.96 | 2.38 |
| Cash Flow | 2012 | 2013 | 2014 | |
| Total Cash From Operations | CZK mil | 1,311 | 1,462 | 2,222 |
| Total Cash From Investing | CZK mil | -527 | -480 | -510 |
| Total Cash From Financing | CZK mil | -690 | -800 | -1,486 |
| Net Change In Cash | CZK mil | 93.8 | 182 | 227 |
| Cash Conversion Cycle | days | 1.33 | 20.0 | -8.73 |
| Cash Earnings | CZK mil | 1,000 | 931 | 1,100 |
| Free Cash Flow | CZK mil | 784 | 982 | 1,712 |
Get all company financials in excel:
| summary | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | ||||||||||||||||
| Sales | CZK mil | 11,179 | 11,902 | 13,001 | 13,661 | 17,012 | ||||||||||
| Gross Profit | CZK mil | 1,879 | 2,479 | 2,974 | 2,718 | 2,561 | ||||||||||
| EBIT | CZK mil | 640 | 1,028 | 984 | 895 | 827 | ||||||||||
| Net Profit | CZK mil | 473 | 780 | 763 | 693 | 636 | ||||||||||
| ROE | % | 14.2 | 21.3 | 18.9 | 16.2 | 14.3 | ||||||||||
| EBIT Margin | % | 5.72 | 8.64 | 7.57 | 6.55 | 4.86 | ||||||||||
| Net Margin | % | 4.23 | 6.55 | 5.87 | 5.07 | 3.74 | ||||||||||
| Employees | ... | ... | 737 | 749 | 828 | 886 | 864 | |||||||||
| balance sheet | ||||||||||||||||
| Total Assets | CZK mil | 10,674 | 9,938 | 12,175 | 13,242 | 14,726 | ||||||||||
| Non-Current Assets | CZK mil | 4,834 | 5,010 | 5,230 | 5,441 | 5,602 | ||||||||||
| Current Assets | CZK mil | 5,840 | 4,928 | 6,945 | 7,801 | 9,125 | ||||||||||
| Shareholders' Equity | CZK mil | 3,422 | 3,888 | 4,176 | 4,379 | 4,522 | ||||||||||
| Liabilities | CZK mil | 7,252 | 6,050 | 8,000 | 8,864 | 10,204 | ||||||||||
| Non-Current Liabilities | CZK mil | 292 | 1,306 | 1,311 | 1,326 | 1,335 | ||||||||||
| Current Liabilities | CZK mil | 6,959 | 4,744 | 6,689 | 7,538 | 8,869 | ||||||||||
| Net Debt/EBITDA | -0.006 | 0.638 | 0.880 | 1.80 | 1.65 | |||||||||||
| Net Debt/Equity | -0.002 | 0.222 | 0.278 | 0.514 | 0.434 | |||||||||||
| Cost of Financing | % | ... | ... | 11.9 | 4.06 | -0.344 | 2.78 | |||||||||
| cash flow | ||||||||||||||||
| Total Cash From Operations | CZK mil | -274 | 1,552 | 732 | -63.8 | 1,311 | ||||||||||
| Total Cash From Investing | CZK mil | -410 | -494 | -557 | -543 | -527 | ||||||||||
| Total Cash From Financing | CZK mil | 668 | -926 | -267 | 614 | -690 | ||||||||||
| Net Change In Cash | CZK mil | -15.6 | 133 | -93.2 | 6.76 | 93.8 |
| income statement | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | ||||||||||||||||
| Sales | CZK mil | 11,179 | 11,902 | 13,001 | 13,661 | 17,012 | ||||||||||
| Cost of Goods & Services | CZK mil | 9,300 | 9,423 | 10,027 | 10,943 | 14,450 | ||||||||||
| Gross Profit | CZK mil | 1,879 | 2,479 | 2,974 | 2,718 | 2,561 | ||||||||||
| Staff Cost | CZK mil | 403 | 449 | 539 | 595 | 613 | ||||||||||
| Other Cost | CZK mil | 536 | 680 | 1,114 | 874 | 756 | ||||||||||
| EBITDA | CZK mil | 940 | 1,350 | 1,321 | 1,249 | 1,192 | ||||||||||
| Depreciation | CZK mil | 300 | 322 | 337 | 355 | 365 | ||||||||||
| EBIT | CZK mil | 640 | 1,028 | 984 | 895 | 827 | ||||||||||
| Financing Cost | CZK mil | 55.1 | 59.3 | 44.9 | -6.03 | 61.3 | ||||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Pre-Tax Profit | CZK mil | 585 | 969 | 940 | 901 | 766 | ||||||||||
| Tax | CZK mil | 112 | 189 | 177 | 208 | 130 | ||||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Net Profit | CZK mil | 473 | 780 | 763 | 693 | 636 | ||||||||||
| Dividends | CZK mil | 308 | 475 | 490 | 492 | 634 | ... | |||||||||
| growth rates | ||||||||||||||||
| Total Revenue Growth | % | ... | 37.3 | 6.46 | 9.24 | 5.08 | 24.5 | |||||||||
| Operating Cost Growth | % | ... | 11.3 | 20.1 | 46.5 | -11.1 | -6.75 | |||||||||
| EBITDA Growth | % | ... | 1.06 | 43.7 | -2.16 | -5.42 | -4.63 | |||||||||
| EBIT Growth | % | ... | 1.43 | 60.6 | -4.24 | -9.11 | -7.58 | |||||||||
| Pre-Tax Profit Growth | % | ... | -2.16 | 65.6 | -3.01 | -4.13 | -15.0 | |||||||||
| Net Profit Growth | % | ... | -0.676 | 64.9 | -2.24 | -9.16 | -8.21 | |||||||||
| ratios | ||||||||||||||||
| ROE | % | 14.2 | 21.3 | 18.9 | 16.2 | 14.3 | ||||||||||
| ROCE | % | ... | 10.5 | 14.7 | 13.5 | 10.6 | 9.12 | |||||||||
| Gross Margin | % | 16.8 | 20.8 | 22.9 | 19.9 | 15.1 | ||||||||||
| EBITDA Margin | % | 8.41 | 11.3 | 10.2 | 9.15 | 7.00 | ||||||||||
| EBIT Margin | % | 5.72 | 8.64 | 7.57 | 6.55 | 4.86 | ||||||||||
| Net Margin | % | 4.23 | 6.55 | 5.87 | 5.07 | 3.74 | ||||||||||
| Payout Ratio | % | 65.1 | 60.9 | 64.2 | 71.1 | 99.6 | ... | |||||||||
| Cost of Financing | % | ... | ... | 11.9 | 4.06 | -0.344 | 2.78 | |||||||||
| Net Debt/EBITDA | -0.006 | 0.638 | 0.880 | 1.80 | 1.65 |
| balance sheet | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| balance sheet | ||||||||||||||||
| Non-Current Assets | CZK mil | 4,834 | 5,010 | 5,230 | 5,441 | 5,602 | ||||||||||
| Property, Plant & Equipment | CZK mil | 4,648 | 4,901 | 5,063 | 5,247 | 5,437 | ||||||||||
| Intangible Assets | CZK mil | 99.7 | 109 | 139 | 152 | 146 | ||||||||||
| Current Assets | CZK mil | 5,840 | 4,928 | 6,945 | 7,801 | 9,125 | ||||||||||
| Inventories | CZK mil | 258 | 162 | 330 | 539 | 952 | ||||||||||
| Receivables | CZK mil | 5,410 | 4,614 | 6,554 | 7,200 | 7,952 | ||||||||||
| Cash & Cash Equivalents | CZK mil | 5.96 | 139 | 45.3 | 51.9 | 146 | ||||||||||
| Total Assets | CZK mil | 10,674 | 9,938 | 12,175 | 13,242 | 14,726 | ||||||||||
| Shareholders' Equity | CZK mil | 3,422 | 3,888 | 4,176 | 4,379 | 4,522 | ||||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Liabilities | CZK mil | 7,252 | 6,050 | 8,000 | 8,864 | 10,204 | ||||||||||
| Non-Current Liabilities | CZK mil | 292 | 1,306 | 1,311 | 1,326 | 1,335 | ||||||||||
| Long-Term Debt | CZK mil | 0 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||
| Deferred Tax Liabilities | CZK mil | 279 | 296 | 302 | 309 | 323 | ||||||||||
| Current Liabilities | CZK mil | 6,959 | 4,744 | 6,689 | 7,538 | 8,869 | ||||||||||
| Short-Term Debt | CZK mil | 0 | 0 | 208 | 1,303 | 1,110 | ||||||||||
| Trade Payables | CZK mil | 5,218 | 4,472 | 6,100 | 6,080 | 7,654 | ||||||||||
| Provisions | CZK mil | 12.5 | 14.9 | 21.2 | 60.9 | 28.8 | ||||||||||
| Equity And Liabilities | CZK mil | 10,674 | 9,938 | 12,175 | 13,242 | 14,726 | ||||||||||
| growth rates | ||||||||||||||||
| Total Asset Growth | % | ... | 23.7 | -6.89 | 22.5 | 8.76 | 11.2 | |||||||||
| Shareholders' Equity Growth | % | ... | 5.06 | 13.6 | 7.39 | 4.87 | 3.27 | |||||||||
| Net Debt Growth | % | ... | -72.3 | -14,547 | 34.9 | 93.6 | -12.7 | |||||||||
| Total Debt Growth | % | ... | ... | ... | ... | 20.8 | 90.6 | -8.37 | ||||||||
| ratios | ||||||||||||||||
| Total Debt | CZK mil | 0 | 1,000 | 1,208 | 2,303 | 2,110 | ||||||||||
| Net Debt | CZK mil | -5.96 | 861 | 1,162 | 2,251 | 1,964 | ||||||||||
| Working Capital | CZK mil | 450 | 304 | 784 | 1,659 | 1,250 | ||||||||||
| Capital Employed | CZK mil | 5,284 | 5,314 | 6,015 | 7,100 | 6,852 | ||||||||||
| Net Debt/Equity | -0.002 | 0.222 | 0.278 | 0.514 | 0.434 | |||||||||||
| Cost of Financing | % | ... | ... | 11.9 | 4.06 | -0.344 | 2.78 |
| cash flow | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| cash flow | ||||||||||||||||
| Net Profit | CZK mil | 473 | 780 | 763 | 693 | 636 | ||||||||||
| Depreciation | CZK mil | 300 | 322 | 337 | 355 | 365 | ||||||||||
| Non-Cash Items | CZK mil | ... | 375 | 304 | 113 | -236 | -98.5 | |||||||||
| Change in Working Capital | CZK mil | ... | -1,421 | 146 | -480 | -875 | 409 | |||||||||
| Total Cash From Operations | CZK mil | -274 | 1,552 | 732 | -63.8 | 1,311 | ||||||||||
| Capital Expenditures | CZK mil | -466 | -522 | -599 | -572 | -553 | ||||||||||
| Other Investments | CZK mil | 55.7 | 28.3 | 42.0 | 29.0 | 25.9 | ||||||||||
| Total Cash From Investing | CZK mil | -410 | -494 | -557 | -543 | -527 | ||||||||||
| Dividends Paid | CZK mil | ... | -302 | -308 | -475 | -490 | -492 | |||||||||
| Issuance Of Debt | CZK mil | ... | 0 | 1,000 | 208 | 1,095 | -193 | |||||||||
| Total Cash From Financing | CZK mil | 668 | -926 | -267 | 614 | -690 | ||||||||||
| Net Change In Cash | CZK mil | -15.6 | 133 | -93.2 | 6.76 | 93.8 | ||||||||||
| ratios | ||||||||||||||||
| Days Sales Outstanding | days | 177 | 142 | 184 | 192 | 171 | ||||||||||
| Days Sales Of Inventory | days | 10.1 | 6.28 | 12.0 | 18.0 | 24.1 | ||||||||||
| Days Payable Outstanding | days | 205 | 173 | 222 | 203 | 193 | ||||||||||
| Cash Conversion Cycle | days | -18.0 | -25.4 | -26.0 | 7.55 | 1.33 | ||||||||||
| Cash Earnings | CZK mil | 773 | 1,102 | 1,099 | 1,047 | 1,000 | ||||||||||
| Free Cash Flow | CZK mil | -684 | 1,058 | 174 | -607 | 784 |
| other data | Unit | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| other data | ||||||||||||||||
| ROA | % | 4.90 | 7.57 | 6.90 | 5.45 | 4.55 | ||||||||||
| Gross Margin | % | 16.8 | 20.8 | 22.9 | 19.9 | 15.1 | ||||||||||
| Cost Per Employee | USD per month | ... | ... | 2,677 | 2,620 | 2,836 | 3,166 | 3,025 | ||||||||
| Cost Per Employee (Local Currency) | CZK per month | ... | ... | 45,604 | 49,928 | 54,200 | 55,991 | 59,172 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 3.83 | 4.13 | 4.48 | 4.66 | 3.79 | ||||||||||
| Effective Tax Rate | % | 19.2 | 19.5 | 18.8 | 23.1 | 17.0 | ||||||||||
| Sales of Natural Gas (GWh) | GWh | ... | ... | ... | ... | ... | ... | ... | ... | 11,615 | 12,352 | 12,855 | 8,721 | 7,354 | ||
| Sales of Natural Gas | CZK mil | ... | ... | ... | 10,972 | 11,705 | 12,768 | 13,421 | 16,745 | |||||||
| Sales of Gas to Large Customers | CZK mil | ... | ... | ... | ... | ... | ... | ... | 5,556 | 5,885 | 7,082 | 7,482 | 9,543 | |||
| Sales of Gas to Small Customers | CZK mil | ... | ... | ... | ... | ... | ... | ... | 1,898 | 2,148 | 2,139 | 2,337 | 2,861 | |||
| Sales of Gas to Households | CZK mil | ... | ... | ... | ... | ... | ... | ... | 3,512 | 3,671 | 3,546 | 3,602 | 4,341 | |||
| Sales of Heat & CNG | CZK mil | ... | ... | ... | ... | ... | ... | ... | 55.4 | 75.3 | 85.8 | 98.4 | 112 | |||
| Sales of Unused Tolerance | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 5.23 | 5.33 | 5.20 | ||
| Sales Of Electricity | CZK mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 1.66 | 23.0 | ||
| Sales of Other Services | CZK mil | ... | ... | ... | ... | ... | ... | ... | 103 | 100 | 122 | 118 | 115 | |||
| Sales of Goods & Products | CZK mil | ... | ... | ... | 48.9 | 21.9 | 20.5 | 17.0 | 11.2 | |||||||
| Capital Expenditures (As % of Sales) | % | 4.17 | 4.39 | 4.61 | 4.19 | 3.25 | ||||||||||
| Sales Price of Natural Gas per MWh | EUR | ... | ... | ... | ... | ... | ... | ... | ... | 37.9 | 35.8 | 39.3 | 62.6 | 90.6 |
Get all company financials in excel:
Pražská plynárenská, a.s. is the regional natural gas distributor in the capital city of the Czech Republic, Prague. The Company offers a range of supplementary services and products such as maintenance, repair, and construction of gas facilities, researching the causes of losses of natural gas, measurement and metrology in the gas industry and others. The Company supplies natural gas to almost 422,000 customers in Prague and its surroundings. Since 2012, the Company offers natural gas along with electricity all around the Czech Republic. The Company was established in 1993 when the privatisation of Czech gas industry began, but its history dates back to 1847, when the first gasworks was brought into operation in the suburb of Karlín for public lighting of Prague’s streets. Thanks to this the first of more than 200 gas lamps were lit in the streets of Prague
Prazska Plynarenska has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 1.47% a year during that time to total of CZK 1,254 mil in 2014, or 9.12% of sales. That’s compared to 8.51% average margin seen in last five years.
The company netted CZK 729 mil in 2014 implying ROE of 16.2% and ROCE of 11.5%. Again, the average figures were 15.6% and 10.6%, respectively when looking at the previous 5 years.
Prazska Plynarenska’s net debt amounted to CZK 239 mil at the end of 2014, or 0.053 of equity. When compared to EBITDA, net debt was 0.191x, down when compared to average of 1.17x seen in the last 5 years.
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