26 Mar 2015 11:21
Disclaimer: This announcement does not constitute or contain an offer or invitation for the purchase or subscription of any securities of Georgian Railway and neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This announcement is solely for your information only and does not give any recommendation for its content to be used in connection with, any decision relating to the purchase or sale of the Securities. A significant portion of the information contained in this document is based on estimates or expectations of Georgian Railway and on unaudited management accounts. There can be no assurance that estimates or expectations will prove to be accurate.
Georgian Railway JSC will take part in the CIS & CEE Conference organized by LSEG held on 26th March 2015. The management of the company will present some of the preliminary financial and operating results for the year 2014 to the investors participating at the conference. The data to be presented has been prepared in accordance with the International Financial Reporting Standards, however has not been audited or reviewed by any certified public accounting firm, and therefore may be different from the final audited financial data for FY 2014, which will be published by the company not later than May 2015.
MAJOR CONSOLIDATED FINANCIAL DATA
2014 Unaudited | |
For the Year | In 000 GEL |
Revenue Breakdown | |
Freight Revenue | 479,287 |
Passenger Revenue | 18,317 |
Other Revenue | 3,661 |
Total Revenue | 501,265 |
Operating costs breakdown | |
Payroll expenses/Employee benefits expense | 145,174 |
Depreciation and amortization expenses | 105,258 |
Raw materials and consumables used | 47,239 |
Other expenses | 81,746 |
Total operating expenses | 379,417 |
EBITDA | 250,649 |
EBITDA margin | 50% |
Net Income | 33,511 |
Cash Used in Acquisition of PPE | |
Modernization Project | 28,288 |
Bypass Project | 8,918 |
Other CAPEX | 49,646 |
Total cash used | 86,852 |
Employee number as at Dec 31, 2014 | 12,685 |
Volume transportation breakdown | In million tons |
Crude oil | 1.7 |
Oil Products | 5.8 |
Total Liquid cargos | 7.5 |
Total Dry cargos | 9.2 |
Total volume transported | 16.7 |
As at 31 December 2014 (Unaudited) | |
At Year End | In 000 GEL |
Total assets | 2,958,206 |
Total liabilities | 1,401,214 |
Gross Debt | 1,016,703 |
Net Debt | 674,401 |
Total equity | 1,556,991 |
Bp Cap. 28 (45ET)