By Helgi Library - April 2, 2020
RWE Transgas Czech Republic's total assets reached CZK 62,590 mil at the end of 2014, down 33.8% compared to the previous year. ...
| Profit Statement | 2012 | 2013 | 2014 | |
| Sales | CZK mil | 177,857 | 174,206 | 144,041 |
| Gross Profit | CZK mil | -15,807 | 18,838 | -635 |
| EBITDA | CZK mil | -21,260 | 27,791 | 1,309 |
| EBIT | CZK mil | -21,313 | 27,791 | 1,309 |
| Financing Cost | CZK mil | -69,480 | -2,396 | -1,943 |
| Pre-Tax Profit | CZK mil | 48,167 | 30,187 | 3,252 |
| Net Profit | CZK mil | 51,990 | 24,038 | 1,744 |
| Dividends | CZK mil | 3,602 | 24,038 | ... |
| Balance Sheet | 2012 | 2013 | 2014 | |
| Total Assets | CZK mil | 87,609 | 94,486 | 62,590 |
| Non-Current Assets | CZK mil | 11,061 | 5.13 | 0 |
| Current Assets | CZK mil | 76,176 | 94,473 | 62,544 |
| Working Capital | CZK mil | 18,152 | 9,989 | 5,506 |
| Shareholders' Equity | CZK mil | 38,015 | 57,383 | 31,033 |
| Liabilities | CZK mil | 49,595 | 37,103 | 31,557 |
| Total Debt | CZK mil | 11,299 | 301 | 745 |
| Net Debt | CZK mil | 6,959 | 204 | 742 |
| Ratios | 2012 | 2013 | 2014 | |
| ROE | % | 85.2 | 50.4 | 3.94 |
| ROCE | % | 87.9 | 123 | 22.5 |
| Gross Margin | % | -8.89 | 10.8 | -0.441 |
| EBITDA Margin | % | -12.0 | 16.0 | 0.909 |
| EBIT Margin | % | -12.0 | 16.0 | 0.909 |
| Net Margin | % | 29.2 | 13.8 | 1.21 |
| Net Debt/EBITDA | -0.327 | 0.007 | 0.567 | |
| Net Debt/Equity | 0.183 | 0.004 | 0.024 | |
| Cost of Financing | % | -590 | -41.3 | -371 |
| Cash Flow | 2012 | 2013 | 2014 | |
| Total Cash From Operations | CZK mil | -14,824 | -10,923 | 28,065 |
| Total Cash From Investing | CZK mil | 70,515 | 21,129 | 3.12 |
| Total Cash From Financing | CZK mil | -61,173 | -3,604 | -28,094 |
| Net Change In Cash | CZK mil | -5,482 | 6,602 | -25.8 |
| Cash Conversion Cycle | days | 34.8 | 22.9 | 13.9 |
| Cash Earnings | CZK mil | 52,043 | 24,038 | 1,744 |
| Free Cash Flow | CZK mil | 55,691 | 10,206 | 28,068 |
Get all company financials in excel:
| summary | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||||||||||||
| Sales | CZK mil | 110,537 | 101,641 | 114,961 | 142,562 | 177,857 | |||||||||
| Gross Profit | CZK mil | 7,535 | 12,515 | 2,733 | -2,553 | -15,807 | |||||||||
| EBIT | CZK mil | 5,216 | 14,256 | -14,151 | 546 | -21,313 | |||||||||
| Net Profit | CZK mil | 10,038 | 15,891 | -4,859 | 9,351 | 51,990 | |||||||||
| ROE | % | 11.0 | 16.9 | -5.59 | 11.6 | 85.2 | |||||||||
| EBIT Margin | % | 4.72 | 14.0 | -12.3 | 0.383 | -12.0 | |||||||||
| Net Margin | % | 9.08 | 15.6 | -4.23 | 6.56 | 29.2 | |||||||||
| Employees | 236 | 281 | 308 | 408 | 486 | ||||||||||
| balance sheet | |||||||||||||||
| Total Assets | CZK mil | 135,131 | 138,464 | 135,201 | 134,595 | 87,609 | |||||||||
| Non-Current Assets | CZK mil | 65,209 | 66,547 | 67,211 | 68,959 | 11,061 | |||||||||
| Current Assets | CZK mil | 69,556 | 71,420 | 67,618 | 65,224 | 76,176 | |||||||||
| Shareholders' Equity | CZK mil | 90,772 | 96,972 | 76,960 | 84,016 | 38,015 | |||||||||
| Liabilities | CZK mil | 44,359 | 41,492 | 58,242 | 50,580 | 49,595 | |||||||||
| Non-Current Liabilities | CZK mil | 2.19 | 2.01 | 2.01 | 2.01 | 1.79 | |||||||||
| Current Liabilities | CZK mil | 38,628 | 37,745 | 39,693 | 36,612 | 29,580 | |||||||||
| Net Debt/EBITDA | 2.24 | 1.21 | -1.31 | 19.8 | -0.327 | ||||||||||
| Net Debt/Equity | 0.130 | 0.179 | 0.240 | 0.138 | 0.183 | ||||||||||
| Cost of Financing | % | ... | -51.7 | -27.0 | -34.5 | -54.2 | -590 | ||||||||
| cash flow | |||||||||||||||
| Total Cash From Operations | CZK mil | 13,736 | 1,229 | 15,489 | 9,935 | -14,824 | |||||||||
| Total Cash From Investing | CZK mil | -42.1 | -1,042 | 50.4 | -1,610 | 70,515 | |||||||||
| Total Cash From Financing | CZK mil | -15,136 | -8,613 | -9,279 | -7,000 | -61,173 | |||||||||
| Net Change In Cash | CZK mil | -1,442 | -8,425 | 6,260 | 1,325 | -5,482 |
| income statement | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||||||||||||
| Sales | CZK mil | 110,537 | 101,641 | 114,961 | 142,562 | 177,857 | |||||||||
| Cost of Goods & Services | CZK mil | 103,002 | 89,126 | 112,228 | 145,115 | 193,664 | |||||||||
| Gross Profit | CZK mil | 7,535 | 12,515 | 2,733 | -2,553 | -15,807 | |||||||||
| Staff Cost | CZK mil | 293 | 328 | 364 | 472 | 490 | |||||||||
| Other Cost | CZK mil | 1,968 | -2,124 | 16,474 | -3,610 | 4,963 | |||||||||
| EBITDA | CZK mil | 5,274 | 14,310 | -14,105 | 585 | -21,260 | |||||||||
| Depreciation | CZK mil | 58.2 | 54.5 | 46.6 | 39.1 | 53.2 | |||||||||
| EBIT | CZK mil | 5,216 | 14,256 | -14,151 | 546 | -21,313 | |||||||||
| Financing Cost | CZK mil | -6,097 | -4,075 | -6,541 | -8,687 | -69,480 | |||||||||
| Extraordinary Cost | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Pre-Tax Profit | CZK mil | 11,313 | 18,331 | -7,610 | 9,233 | 48,167 | |||||||||
| Tax | CZK mil | 1,274 | 2,440 | -2,751 | -119 | -3,823 | |||||||||
| Minorities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Net Profit | CZK mil | 10,038 | 15,891 | -4,859 | 9,351 | 51,990 | |||||||||
| Dividends | CZK mil | 10,038 | 15,891 | 0 | 0 | 3,602 | ... | ||||||||
| growth rates | |||||||||||||||
| Total Revenue Growth | % | ... | 44.7 | -8.05 | 13.1 | 24.0 | 24.8 | ||||||||
| Operating Cost Growth | % | ... | -138 | -179 | -1,038 | -119 | -274 | ||||||||
| EBITDA Growth | % | ... | -27.7 | 171 | -199 | -104 | -3,737 | ||||||||
| EBIT Growth | % | ... | -26.2 | 173 | -199 | -104 | -4,007 | ||||||||
| Pre-Tax Profit Growth | % | ... | -21.2 | 62.0 | -142 | -221 | 422 | ||||||||
| Net Profit Growth | % | ... | -21.6 | 58.3 | -131 | -292 | 456 | ||||||||
| ratios | |||||||||||||||
| ROE | % | 11.0 | 16.9 | -5.59 | 11.6 | 85.2 | |||||||||
| ROCE | % | ... | 12.6 | 19.4 | -5.85 | 10.8 | 87.9 | ||||||||
| Gross Margin | % | 6.82 | 12.3 | 2.38 | -1.79 | -8.89 | |||||||||
| EBITDA Margin | % | 4.77 | 14.1 | -12.3 | 0.410 | -12.0 | |||||||||
| EBIT Margin | % | 4.72 | 14.0 | -12.3 | 0.383 | -12.0 | |||||||||
| Net Margin | % | 9.08 | 15.6 | -4.23 | 6.56 | 29.2 | |||||||||
| Payout Ratio | % | 100 | 100 | 0 | 0 | 6.93 | ... | ||||||||
| Cost of Financing | % | ... | -51.7 | -27.0 | -34.5 | -54.2 | -590 | ||||||||
| Net Debt/EBITDA | 2.24 | 1.21 | -1.31 | 19.8 | -0.327 |
| balance sheet | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| balance sheet | |||||||||||||||
| Non-Current Assets | CZK mil | 65,209 | 66,547 | 67,211 | 68,959 | 11,061 | |||||||||
| Property, Plant & Equipment | CZK mil | 613 | 561 | 490 | 545 | 53.9 | |||||||||
| Intangible Assets | CZK mil | 7.08 | 4.77 | 1.22 | 0.200 | 0 | |||||||||
| Goodwill | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Current Assets | CZK mil | 69,556 | 71,420 | 67,618 | 65,224 | 76,176 | |||||||||
| Inventories | CZK mil | 13,789 | 13,270 | 12,842 | 18,668 | 15,340 | |||||||||
| Receivables | CZK mil | 3,652 | 3,494 | 4,464 | 3,065 | 3,682 | |||||||||
| Cash & Cash Equivalents | CZK mil | 231 | 785 | 1,268 | 702 | 4,340 | |||||||||
| Total Assets | CZK mil | 135,131 | 138,464 | 135,201 | 134,595 | 87,609 | |||||||||
| Shareholders' Equity | CZK mil | 90,772 | 96,972 | 76,960 | 84,016 | 38,015 | |||||||||
| Of Which Minority Interest | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Liabilities | CZK mil | 44,359 | 41,492 | 58,242 | 50,580 | 49,595 | |||||||||
| Non-Current Liabilities | CZK mil | 2.19 | 2.01 | 2.01 | 2.01 | 1.79 | |||||||||
| Long-Term Debt | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Deferred Tax Liabilities | CZK mil | 0 | 0 | 0 | 0 | 0 | |||||||||
| Current Liabilities | CZK mil | 38,628 | 37,745 | 39,693 | 36,612 | 29,580 | |||||||||
| Short-Term Debt | CZK mil | 12,048 | 18,162 | 19,773 | 12,260 | 11,299 | |||||||||
| Trade Payables | CZK mil | 1,194 | 902 | 908 | 1,665 | 870 | |||||||||
| Provisions | CZK mil | 5,716 | 3,702 | 18,526 | 13,963 | 19,846 | |||||||||
| Equity And Liabilities | CZK mil | 135,131 | 138,464 | 135,201 | 134,595 | 87,609 | |||||||||
| growth rates | |||||||||||||||
| Total Asset Growth | % | ... | 13.6 | 2.47 | -2.36 | -0.448 | -34.9 | ||||||||
| Shareholders' Equity Growth | % | ... | -1.64 | 6.83 | -20.6 | 9.17 | -54.8 | ||||||||
| Net Debt Growth | % | ... | 7.46 | 47.0 | 6.49 | -37.5 | -39.8 | ||||||||
| Total Debt Growth | % | ... | 4.37 | 50.7 | 8.87 | -38.0 | -7.83 | ||||||||
| ratios | |||||||||||||||
| Total Debt | CZK mil | 12,048 | 18,162 | 19,773 | 12,260 | 11,299 | |||||||||
| Net Debt | CZK mil | 11,818 | 17,377 | 18,505 | 11,558 | 6,959 | |||||||||
| Working Capital | CZK mil | 16,247 | 15,862 | 16,398 | 20,068 | 18,152 | |||||||||
| Capital Employed | CZK mil | 81,457 | 82,409 | 83,609 | 89,027 | 29,212 | |||||||||
| Net Debt/Equity | 0.130 | 0.179 | 0.240 | 0.138 | 0.183 | ||||||||||
| Cost of Financing | % | ... | -51.7 | -27.0 | -34.5 | -54.2 | -590 |
| cash flow | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| cash flow | |||||||||||||||
| Net Profit | CZK mil | 10,038 | 15,891 | -4,859 | 9,351 | 51,990 | |||||||||
| Depreciation | CZK mil | 58.2 | 54.5 | 46.6 | 39.1 | 53.2 | |||||||||
| Non-Cash Items | CZK mil | ... | 6,357 | -15,102 | 20,838 | 4,214 | -68,783 | ||||||||
| Change in Working Capital | CZK mil | ... | -2,717 | 386 | -536 | -3,670 | 1,916 | ||||||||
| Total Cash From Operations | CZK mil | 13,736 | 1,229 | 15,489 | 9,935 | -14,824 | |||||||||
| Capital Expenditures | CZK mil | -6.39 | -5.43 | -5.69 | 0 | -794 | |||||||||
| Other Investments | CZK mil | -35.8 | -1,037 | 56.1 | -1,610 | 71,308 | |||||||||
| Total Cash From Investing | CZK mil | -42.1 | -1,042 | 50.4 | -1,610 | 70,515 | |||||||||
| Dividends Paid | CZK mil | ... | -12,334 | -10,038 | -15,891 | 0 | 0 | ||||||||
| Issuance Of Debt | CZK mil | ... | 505 | 6,114 | 1,611 | -7,514 | -961 | ||||||||
| Total Cash From Financing | CZK mil | -15,136 | -8,613 | -9,279 | -7,000 | -61,173 | |||||||||
| Net Change In Cash | CZK mil | -1,442 | -8,425 | 6,260 | 1,325 | -5,482 | |||||||||
| ratios | |||||||||||||||
| Days Sales Outstanding | days | 12.1 | 12.5 | 14.2 | 7.85 | 7.56 | |||||||||
| Days Sales Of Inventory | days | 48.9 | 54.3 | 41.8 | 47.0 | 28.9 | |||||||||
| Days Payable Outstanding | days | 4.23 | 3.69 | 2.95 | 4.19 | 1.64 | |||||||||
| Cash Conversion Cycle | days | 56.7 | 63.2 | 53.0 | 50.6 | 34.8 | |||||||||
| Cash Earnings | CZK mil | 10,097 | 15,946 | -4,813 | 9,390 | 52,043 | |||||||||
| Free Cash Flow | CZK mil | 13,694 | 187 | 15,539 | 8,325 | 55,691 |
| other data | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| other data | |||||||||||||||
| ROA | % | 7.90 | 11.6 | -3.55 | 6.93 | 46.8 | |||||||||
| Gross Margin | % | 6.82 | 12.3 | 2.38 | -1.79 | -8.89 | |||||||||
| Cost Per Employee | USD per month | 6,075 | 5,109 | 5,159 | 5,456 | 4,298 | |||||||||
| Cost Per Employee (Local Currency) | CZK per month | 103,492 | 97,355 | 98,594 | 96,501 | 84,079 | |||||||||
| Staff Cost (As % Of Total Cost) | % | 0.278 | 0.376 | 0.282 | 0.333 | 0.246 | |||||||||
| Effective Tax Rate | % | 11.3 | 13.3 | 36.1 | -1.29 | -7.94 | |||||||||
| Sales of Natural Gas | CZK mil | 102,229 | 95,197 | 111,320 | 129,397 | 173,894 | |||||||||
| Sales Of Natural Gas (At Home) | CZK mil | 61,883 | 55,242 | 44,909 | 39,242 | 44,715 | |||||||||
| Sales Of Natural Gas (Export) | CZK mil | 40,345 | 39,955 | 66,411 | 90,155 | 129,179 | |||||||||
| Sales from Transit of Natural Gas | CZK mil | 5,408 | 5,948 | 5,834 | 5,450 | 7,237 | |||||||||
| Sales from Transit of Natural Gas (At Home) | CZK mil | 0 | 0 | 0 | 0 | 1,081 | |||||||||
| Sales from Transit of Natural Gas (Export) | CZK mil | 5,408 | 5,948 | 5,834 | 5,450 | 6,156 | |||||||||
| Revenues From Abroad | CZK mil | 45,753 | 45,902 | 72,245 | 95,605 | 135,335 | |||||||||
| Revenues From Abroad (As % Of Total) | % | 41.4 | 45.2 | 62.8 | 67.1 | 76.1 | |||||||||
| Capital Expenditures (As % of Sales) | % | 0.006 | 0.005 | 0.005 | 0 | 0.446 |
Get all company financials in excel:
RWE Transgas, a.s. (RWE Transgas Czech Republic) is a dominant natural gas importing company in the Czech Republic. The Company is engaged in the transportation, storage and trade of natural gas. It is a part of the German utility group RWE. Apart from the importing and distributing of gas, RWE controls in the Czech Republic six regional gas distribution companies. As of 1 January 2013, RWE Transgas had taken over the steering role within the RWE Group in the Czech Republic. It has changed its name to RWE Supply & Trading CZ and has been focused exclusively on wholesale energy trading. The Company’s other activities, and its assets and employees, were transferred to RWE Česká republika. Germany's RWE Group is the second largest electricity producer in Germany. The Company supplies electricity and gas to more than 20 mil electricity customers and 10 mil gas customers, principally in Europe
RWE Transgas Czech Republic has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 38% a year during that time to total of CZK 1,309 mil in 2014, or 0.909% of sales. That’s compared to -1.39% average margin seen in last five years.
The company netted CZK 1,744 mil in 2014 implying ROE of 3.94% and ROCE of 22.5%. Again, the average figures were 29.1% and 47.6%, respectively when looking at the previous 5 years.
RWE Transgas Czech Republic’s net debt amounted to CZK 742 mil at the end of 2014, or 0.024 of equity. When compared to EBITDA, net debt was 0.567x, down when compared to average of 3.74x seen in the last 5 years.
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