AB Klaipėdos nafta (hereinafter – KN, the Firm) declares the unaudited consolidated (hereinafter – the Group) and separate monetary outcomes for the 9 months ended 30 September 2022.
Key monetary indicators for the 9 months of 2022:
| EUR tens of millions |
Group |
Firm |
| |
1-9 of 2022 |
1-9 of 2021 |
1-9 of 2022 |
1-9 of 2021 |
| Income |
56.5 |
46.3 |
54.2 |
44.0 |
| EBITDA |
27.2 |
20.3 |
26.2 |
19.3 |
| Internet revenue (loss) |
(29.0) |
(57.5) |
(29.7) |
(58.2) |
| Adjusted internet revenue (loss) |
6.3 |
(46.9) |
5.6 |
(47.6) |
Administration remark:
Income from oil terminals for the 9 months of 2022 quantities to EUR 19.2 million and is larger by 23.9% in comparison with the identical interval in 2021 (EUR 15.5 million). Firm’s oil terminals income for the 9 months of 2022 was affected by the rising consumption of gasoline on the planet, which for 9 months of this 12 months exceeded the volumes for a similar interval in 2021 and was near 2019 indicators. After the pandemic, lowered refining capacities and the altering geopolitical state of affairs led to a good provide and demand stability out there and elevated the demand for each the manufacturing of European oil refineries and demand for KN oil terminal companies.
Regulated LNG actions income for 9 months of 2022 reached EUR 33.5 million and is larger by EUR 6.9 million or 25.9% in comparison with the identical interval of 2021 (EUR 26.6 million). The primary causes: (1) larger regasification income by EUR 16.8 million as a result of elevated demand and regasification tariff from 0.41 EUR/MWh to 1.19 EUR/MWh; (2) obtained income associated to the pure gasoline client’s legal responsibility for earlier durations after the courtroom choice in quantity of EUR 1.1 million; (3) larger income by EUR 0.5 million as a result of recalculated precise consumption capacities of earlier interval; (4) decrease income from the mounted a part of LNG regasification service price by EUR 11.5 million as a result of carried out LNG terminal capability allocation and tariffication mannequin when KN half in safety complement from Could 2022 was decreased to 0 EUR/(MWh/day/12 months).
Income from business LNG actions for the 9 months of 2022 quantities to EUR 3.8 million and is decrease by 10.5% in comparison with the identical interval in 2021 (EUR 4.2 million). Industrial LNG actions encompass enterprise improvement initiatives together with LNG terminal operator companies offered on the Port of Açu terminal in Brazil and LNG reloading station in Klaipėda.
Throughout 9 months of 2022, the identical as throughout 2021, the Group‘s and the Firm‘s internet revenue was considerably affected by unrealized foreign money trade losses and by the discount of LNG safety complement from 1 January 2020 by EUR 26.8 million every year. The unrealized influence of trade charges arose from the 1 January 2019 underneath the necessities of IFRS 16 “Lease”, based on which the Firm acknowledges finance lease obligations and the most important a part of them is denominated in US {dollars}. Whereas all US greenback denominated lease liabilities relate to LNG terminal, the impact of unrealized trade charge is mirrored within the regulated section.
Enclosed:
- Condensed Consolidated and Separate Monetary Statements of AB Klaipėdos nafta for 9 months interval ended 30 September 2022.
- Presentation of the unaudited monetary outcomes of the Group for the 9 months interval of 2022.
Mindaugas Kvekšas, Chief Monetary Officer, +370 46 391772
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AB Klaipėdos nafta IFRS Q3 2022
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KN exercise outcomes for 2022 Q3
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