Key financial indicators
Net turnover
GRAFIKS: 2019: 58.26, 2020: 55.66, 2021: 55.83, 2022: 65.73, 2023: 76.45
The net turnover of 12 months of 2023 compared to 12 months of 2022 has increased by 16.31% and amounted to 76.45 million EUR.
Cost of goods sold
GRAFIKS: 2019: 49.04, 2020: 46.16, 2021: 48.95, 2022: 58.12, 2023: 64.08
Production costs of the products sold in 12 months of 2023, compared to 12 months of 2022, increased by 10.25% and amounted to 64.08 million EUR.
EBITDA
GRAFIKS: 2019: 23.21, 2020: 23.43, 2021: 21.01, 2022: 20.52, 2023: 23.66
EBITDA (earnings before interest, taxes, depreciation and amortisation) in 12 months of 2023 compared to 12 months of 2022 increased by 15.3% and amounted to EUR 23.66 million EUR.
Net profit
GRAFIKS: 2019: 8.45, 2020: 8.13, 2021: 5.52, 2022: 5.16, 2023: 7.53
Profit in the 12 months of 2023 increased by 46% compared to the 12 months of 2022, amounting to 7.53 million EUR.
Assets
GRAFIKS: 2019: 302.49, 2020: 302.92, 2021: 313.83, 2022: 344.83, 2023: 359.83
Net turnover in 12 months of 2023, compared to 12 months of 2022, rose by 4.35% and amounted to 359.83 million EUR.
Equity capital
GRAFIKS: 2019: 158.38, 2020: 166.51, 2021: 172.03, 2022: 176.64, 2023: 183.66
Equity capital in 12 months of 2023, compared to 12 months of 2022, rose by 3.97% and amounted to 183.66 million EUR.
Financial reports
Unaudited summary financial statements
In accordance with Section 58(1)(2) of the Law on Governance of Capital Shares of Public Entity and Management of Capital Companies Thereof, a capital company shall publish an interim report not checked by a certified auditor for three, six, and nine months, as well as an annual report not checked by a certified auditor within two months after the end of the reporting period.
Approval of the annual report
In accordance with Paragraph 29.4 of the Riga City Council Internal Regulation No. 4 of 21.08.2020 "Procedures for the Management of Capital Shares and Capital Companies Owned by the Riga City Municipality", the Management Board shall submit the approved audited annual report to the Shareholder representative of the capital no later than by 15 March for dispatch to the Riga City Council Department of Finance for the purpose of preparation of the annual public report.
In accordance with Section 54 of the Law on Governance of Capital Shares of Public Entity and Management of Capital Companies Thereof, the Management Board of a public entity’s capital company and public private capital company shall ensure that an annual report is prepared (Section 174 of the Commercial Law ) and the meeting of shareholders is convened to approve the annual report of the capital company by 30 April of the respective year (including), but if the capital company, according to the criteria of the Law on the Annual Financial Statements and Consolidated Financial Statements, is a medium-sized or large capital company, or the capital company is the parent capital company of a group of companies which prepares a consolidated annual report - by 31 May of the respective year (including), unless it is otherwise provided for in international agreements.
Budget approval timeline
In accordance with Paragraph 63.1 of the Riga City Council Internal Regulation No. 4 of 21.08.2020 “Procedures for the Management of Capital Shares and Capital Companies Owned by the Riga City Municipality”, Management Board of the capital company shall, no later than by 1 December (or one month before the beginning of the annual reporting period), develop a draft budget for the next year for the implementation of the capital company's medium-term operational strategy.