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 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating revenues | 61 337 | 86 210 | 104 341 | 120 159 | 133 370 | 227 050 | 235 010 |
| EBITDA * | 37 026 | 49 496 | 69 237 | 73 570 | 91 851 | 112 669 | 142 123 |
| Depreciation and amortization | -33 096 | -51 122 | -50 350 | -51 801 | -56 010 | -46 924 | -45 121 |
| Operating profit | 3 930 | -1 626 | 18 887 | 21 769 | 35 841 | 65 745 | 97 002 |
| Financing costs (incl. foreign exchange revaluation) | -6 475 | -27 083 | -136 695 | -96 756 | -108 792 | -26 739 | -80 852 |
| Profit before tax | -57 525 | 3 654 | -115 169 | -71 773 | -70 207 | 46 785 | 30 745 |
| Net profit for the period (comprehensive income) | -63 035 | 3 572 | -113 332 | -79 737 | -70 247 | 46 743 | 30 702 |
| Total assets | 1 023 270 | 1 078 391 | 1 144 497 | 1 272 345 | 1 101 540 | 1 129 965 | 1 172 268 |
* Operating profit plus Depreciation and Amortisation
| Key ratios | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|
| Return on capital employed before tax | -6% | 0% | -11% | -6% | -12% | 9% | 3% |
| Return on equity after tax | -29% | 1% | -74% | -77% | -40% | 37% | 37% |
| Equity share | 21% | 24% | 13% | 8% | 16% | 11% | 7% |
| EBITDA margin | 60% | 57% | 66% | 61% | 69% | 50% | 60% |
| Asset turnover | 6% | 8% | 9% | 9% | 12% | 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
