Moravske naftove doly

Profit Statement 2012 2013 2014
Sales CZK mil 6,885 12,742 16,572
Gross Profit CZK mil 3,875 3,665 3,494
EBITDA CZK mil 1,846 2,785 2,420
EBIT CZK mil 1,414 2,161 1,776
Financing Cost CZK mil -569 -259 274
Pre-Tax Profit CZK mil 1,983 2,420 1,502
Net Profit CZK mil 1,718 1,831 1,204
Balance Sheet 2012 2013 2014
Total Assets CZK mil 10,709 16,563 14,482
Non-Current Assets CZK mil 6,567 6,628 7,596
Current Assets CZK mil 4,105 9,859 6,816
Working Capital CZK mil 1,124 4,168 3,401
Shareholders' Equity CZK mil 6,964 8,063 6,642
Liabilities CZK mil 3,745 8,500 7,840
Total Debt CZK mil 1,826 5,363 3,983
Net Debt CZK mil -242 1,163 2,860
Ratios 2012 2013 2014
ROE % 26.0 24.4 16.4
ROCE % 22.6 19.8 11.0
Gross Margin % 56.3 28.8 21.1
EBITDA Margin % 26.8 21.9 14.6
EBIT Margin % 20.5 17.0 10.7
Net Margin % 25.0 14.4 7.26
Net Debt/EBITDA -0.131 0.418 1.18
Net Debt/Equity -0.035 0.144 0.431
Cost of Financing % -34.0 -7.21 5.87
Cash Flow 2012 2013 2014
Cash Conversion Cycle days 69.1 142 75.7
Cash Earnings CZK mil 2,151 2,455 1,848

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2011 2012 2013 2014
income statement        
Sales CZK mil 1,609 6,885    
Gross Profit CZK mil 5.48 3,875    
EBIT CZK mil 497 1,414    
Net Profit CZK mil 472 1,718    
ROE % 7.55 26.0    
EBIT Margin % 30.9 20.5    
Net Margin % 29.3 25.0    
Employees 332 336    
balance sheet        
Total Assets CZK mil 9,066 10,709    
Non-Current Assets CZK mil 6,893 6,567    
Current Assets CZK mil 2,141 4,105    
Shareholders' Equity CZK mil 6,254 6,964    
Liabilities CZK mil 2,811 3,745    
Non-Current Liabilities CZK mil 9.03 7.09    
Current Liabilities CZK mil 465 1,050    
Net Debt/EBITDA 0.536 -0.131    
Net Debt/Equity 0.061 -0.035    
Cost of Financing % ... -34.0    
income statement Unit 2011 2012 2013 2014
income statement        
Sales CZK mil 1,609 6,885    
Cost of Goods & Services CZK mil 1,604 3,010    
Gross Profit CZK mil 5.48 3,875    
Staff Cost CZK mil 158 310    
Other Cost CZK mil -863 1,719    
EBITDA CZK mil 711 1,846    
Depreciation CZK mil 213 432    
EBIT CZK mil 497 1,414    
Financing Cost CZK mil -71.2 -569    
Extraordinary Cost CZK mil 0 0    
Pre-Tax Profit CZK mil 569 1,983    
Tax CZK mil 96.6 265    
Minorities CZK mil 0 0    
Net Profit CZK mil 472 1,718    
growth rates        
Total Revenue Growth % ... 328    
Operating Cost Growth % ... -388    
EBITDA Growth % ... 160    
EBIT Growth % ... 184    
Pre-Tax Profit Growth % ... 249    
Net Profit Growth % ... 264    
ratios        
ROE % 7.55 26.0    
ROCE % ... 22.6    
Gross Margin % 0.341 56.3    
EBITDA Margin % 44.2 26.8    
EBIT Margin % 30.9 20.5    
Net Margin % 29.3 25.0    
Cost of Financing % ... -34.0    
Net Debt/EBITDA 0.536 -0.131    
balance sheet Unit 2011 2012 2013 2014
balance sheet        
Non-Current Assets CZK mil 6,893 6,567    
Property, Plant & Equipment CZK mil 3,011 3,115    
Intangible Assets CZK mil 247 207    
Current Assets CZK mil 2,141 4,105    
Inventories CZK mil 552 942    
Receivables CZK mil 344 984    
Cash & Cash Equivalents CZK mil 1,141 2,068    
Total Assets CZK mil 9,066 10,709    
Shareholders' Equity CZK mil 6,254 6,964    
Of Which Minority Interest CZK mil 0 0    
Liabilities CZK mil 2,811 3,745    
Non-Current Liabilities CZK mil 9.03 7.09    
Long-Term Debt CZK mil 1,013 507    
Deferred Tax Liabilities CZK mil 0 0    
Current Liabilities CZK mil 465 1,050    
Short-Term Debt CZK mil 509 1,320    
Trade Payables CZK mil 255 802    
Provisions CZK mil 816 856    
Equity And Liabilities CZK mil 9,066 10,709    
growth rates        
Total Asset Growth % ... 18.1    
Shareholders' Equity Growth % ... 11.3    
Net Debt Growth % ... -163    
Total Debt Growth % ... 20.0    
ratios        
Total Debt CZK mil 1,522 1,826    
Net Debt CZK mil 381 -242    
Working Capital CZK mil 641 1,124    
Capital Employed CZK mil 7,534 7,690    
Net Debt/Equity 0.061 -0.035    
Cost of Financing % ... -34.0    
cash flow Unit 2011 2012 2013 2014
cash flow        
Net Profit CZK mil 472 1,718    
Depreciation CZK mil 213 432    
ratios        
Days Sales Outstanding days 78.0 52.1    
Days Sales Of Inventory days 126 114    
Days Payable Outstanding days 58.0 97.2    
Cash Conversion Cycle days 146 69.1    
Cash Earnings CZK mil 685 2,151    
other data Unit 2011 2012 2013 2014
other data        
ROA % 5.21 17.4    
Gross Margin % 0.341 56.3    
Cost Per Employee USD per month 2,240 3,926    
Cost Per Employee (Local Currency) CZK per month 39,624 76,791    
Staff Cost (As % Of Total Cost) % 14.2 5.66    
Effective Tax Rate % 17.0 13.3    
Sales of Oil CZK mil ... 2,350    
Sales of Natural Gas CZK mil ... 748    
Sales of Products & Services CZK mil ... 269    
Sales of Goods, incl. Gas Trading CZK mil ... 3,166    

Get all company financials in excel:

Download Sample   $19.99

Moravske naftove doly, a.s. is a Czech Republic-based energy company engaged in the exploration and production of oil and natural gas. The Company is also involved in construction and operation of underground gas storage facilities primarily in the Czech Republic. Abroad, the Company focuses on exploration and production activities in Pakistan through its share in gas production from the Sawan field, and it holds exploration licenses covering three blocks in Bavaria in Germany, as well as owns the Ziarat block, the Barkhan block, and the Hanna and Harnai block located in Pakistan. The company also acts as a drilling contractor, providing services related to oil and natural gas exploration and production wells; wells for gas storage and hydro and geothermal wells among others. Moravske naftove doly was incorporated in 2002 and is based in Hodonin, Czech Republic.

Finance

Moravske naftove doly has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of CZK 2,420 mil in 2014, or 14.6% of sales. That’s compared to 26.9% average margin seen in last five years.

The company netted CZK 1,204 mil in 2014 implying ROE of 16.4% and ROCE of 11.0%. Again, the average figures were 18.6% and 17.8%, respectively when looking at the previous 5 years.

Moravske naftove doly’s net debt amounted to CZK 2,860 mil at the end of 2014, or 0.431 of equity. When compared to EBITDA, net debt was 1.18x, up when compared to average of 0.501x seen in the last 5 years.