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 figures2015 201620172018201920202021
Operating revenues104 341120 159133 370 227 050235 010181 865297 224
EBITDA *69 23773 57091 851 112 669 142 123 106 533 195 188
Depreciation and amortization-50 350-51 801-56 010-46 924-45 121-47 362-64 526
Operating profit18 88721 769 35 84165 74597 00259 171 130 662
Financing costs (incl. foreign exchange revaluation)-136 695-96 756-108 792-26 739 -80 852 -260 51497 495
Profit before tax-115 169-71 773 -70 207 46 78530 745-37 516234 794
Net profit for the period (comprehensive income)-113 332-79 737 -70 24746 74330 702-47 866234 661
Total assets1 144 4971 272 3451 101 5401 129 9651 172 2681 386 6311 490 333

* Operating profit plus Depreciation and Amortisation

Key ratios2015201620172018201920202021
Return on capital employed before tax-11%-6%-12%9%3%-3%19%
Return on equity after tax-74%-77%-40%37%37%-51%155%
Equity share13%8%16%11%7%7%10%
EBITDA margin66%61%69%50%60%59%66%
Asset turnover9%9%12%20%20%13%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