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 figures2016201720182019202020212022
Operating revenues120 159133 370 227 050235 010181 865297 224346 172
EBITDA *73 57091 851 112 669 142 123 106 533 195 188 239 545
Depreciation and amortization-51 801-56 010-46 924-45 121-47 362-64 526-71 178
Operating profit21 769 35 84165 74597 00259 171 130 662 168 367
Financing costs (incl. foreign exchange revaluation)-96 756-108 792-26 739 -80 852 -260 51497 495-42 013
Profit before tax-71 773 -70 207 46 78530 745-37 516234 794304 444
Net profit for the period (comprehensive income)-79 737 -70 24746 74330 702-47 866234 661304 223
Total assets1 272 3451 101 5401 129 9651 172 2681 386 6311 490 3331 700 765

* Operating profit plus Depreciation and Amortisation

Key ratios2016201720182019202020212022
Return on capital employed before tax-6%-12%9%3%-3%19%21%
Return on equity after tax-77%-40%37%37%-51%155%61%
Equity share8%16%11%7%7%10%30%
EBITDA margin61%69%50%60%59%66%69%
Asset turnover9%12%20%20%13%20%20%

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