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 figures201320142015 2016201720182019
Operating revenues61 33786 210104 341120 159133 370 227 050235 010
EBITDA *37 02649 49669 23773 57091 851 112 669 142 123
Depreciation and amortization-33 096-51 122-50 350-51 801-56 010-46 924-45 121
Operating profit3 930-1 62618 88721 769 35 84165 74597 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 5253 654-115 169-71 773 -70 207 46 78530 745
Net profit for the period (comprehensive income)-63 0353 572-113 332-79 737 -70 24746 74330 702
Total assets1 023 2701 078 3911 144 4971 272 3451 101 5401 129 9651 172 268

* Operating profit plus Depreciation and Amortisation

Key ratios2013201420152016201720182019
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 share21%24%13%8%16%11%7%
EBITDA margin60%57%66%61%69%50%60%
Asset turnover6%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