Main figures
Below is a table showing main figures and key ratios based on audited consolidated financial statements of GSE. Amounts are given in thousand Lari’s.
| Main figures | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|---|---|
| Operating revenues | 54 952 | 54 154 | 61 337 | 86 210 | 104 341 | 120159 | 133 370 |
| EBITDA * | 31 415 | 29 490 | 37 026 | 49 496 | 69 237 | 73 570 | 91 851 |
| Depreciation and amortization | -31 321 | -32 409 | -33 096 | -51 122 | -50 350 | -51 801 | -56 010 |
| Operating profit | 94 | -2 919 | 3 930 | -1 626 | 18 887 | 21 769 | 35 841 |
| Financing costs (incl. foreign exchange revaluation) | -11 314 | -18 866 | -64 757 | -27 083 | -136.695 | -96 756 | -108 792 |
| Profit before tax | 24 605 | -14 553 | -57 525 | 3 654 | -115 169 | -71 773 | -70 207 |
| Net profit for the period (comprehensive income) | 19 275 | -10 862 | -63 035 | 3 572 | -113 332 | -79 737 | -70 247 |
| Total assets | 848 210 | 1 024 359 | 1 023 270 | 1 078 391 | 1 144 497 | 1 272 345 | 1 101 540 |
* Operating profit plus Depreciation and Amortisation
| Key ratios | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|---|---|
| Return on capital employed before tax | 3% | -2% | -6% | 0% | -11% | -6% | -12% |
| Return on equity after tax | 7% | -4% | -29% | 1% | -74% | -77% | -40% |
| Equity share | 35% | 28% | 21% | 24% | 13% | 8% | 16% |
| EBITDA margin | 57% | 54% | 60% | 57% | 66% | 61% | 69% |
| Asset turnover | 6% | 5% | 6% | 8% | 9% | 9% | 12% |
Definition of key ratios:
Return on capital employed before tax = Profit before tax / (Total assets – Current liabilities)
Return on equity after tax = Net profit for the period / Total equity
Equity share = Equity / Total assets
EBITDA margin = EBITDA / Operating revenues
Asset turnover = Operating revenues / Total assets
