Latvijas Gaze Logo

Latvijas Gaze

ISIN: LV0000100899 | Ticker: GZE1R | LEI: 097900BGMO0000055872
Sector: UtilitiesSub-Industry: Gas Utilities
Country: Latvia

About Latvijas Gaze

Company Description

In the energy sector of Baltics, Latvijas Gāze is one of the leaders. The wholesale and sale of natural gas to business customers is carried out in Latvia, Lithuania, and Estonia. After the opening of the Finnish gas market on 1 January, 2020, Latvijas Gāze has successfully started natural gas trading in Finland as well. In the household segment, Latvijas Gāze is the largest and the most significant natural gas trader in Latvia.

Year founded


Served area





Aristida Briāna 6, LV-1001 Riga – Latvia

Financial statements

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Line item in (eur) 01.01.2018 02.01.2018 01.01.2019 01.01.2020 01.01.2021
Assets N/A N/A N/A 463,079,000.00 455,549,000.00
Noncurrent Assets N/A N/A N/A 321,203,000.00 319,196,000.00
Property Plant And Equipment N/A N/A N/A 312,650,000.00 309,971,000.00
Intangible Assets Other Than Goodwill N/A N/A N/A 8,137,000.00 9,177,000.00
Other Noncurrent Financial Assets N/A N/A N/A 32,000.00 8,000.00
Current Assets N/A N/A N/A 141,876,000.00 136,353,000.00
Inventories N/A N/A N/A 50,105,000.00 42,220,000.00
Trade And Other Current Receivables N/A N/A N/A 25,796,000.00 28,306,000.00
Current Tax Assets Current N/A N/A N/A 3,250,000.00 0.00
Other Current Financial Assets N/A N/A N/A 7,901,000.00 1,972,000.00
Cash and cash equivalents N/A 16,280,000.00 48,995,000.00 48,995,000.00 54,236,000.00
Equity And Liabilities N/A N/A N/A 463,079,000.00 455,549,000.00
Equity 309,196,000.00 N/A 382,552,000.00 382,552,000.00 375,837,000.00
Issued Capital N/A N/A N/A 55,860,000.00 55,860,000.00
Retained Earnings N/A N/A N/A 110,719,000.00 111,169,000.00
Share Premium N/A N/A N/A 20,376,000.00 20,376,000.00
Other Reserves N/A N/A N/A 195,597,000.00 188,432,000.00
Liabilities N/A N/A N/A 80,527,000.00 79,712,000.00
Noncurrent Liabilities N/A N/A N/A 46,150,000.00 43,490,000.00
Other Longterm Provisions N/A N/A N/A N/A 700,000.00
Other Noncurrent Financial Liabilities N/A N/A N/A 292,000.00 N/A
Other Noncurrent Nonfinancial Liabilities N/A N/A N/A 18,434,000.00 18,318,000.00
Longterm Borrowings N/A N/A N/A 25,667,000.00 22,167,000.00
Current Liabilities N/A N/A N/A 34,377,000.00 36,222,000.00
Trade And Other Current Payables N/A N/A N/A 5,489,000.00 5,725,000.00
Other Current Financial Liabilities N/A N/A N/A 24,157,000.00 25,897,000.00
Other Current Nonfinancial Liabilities N/A N/A N/A 1,138,000.00 1,079,000.00
Line item in (eur) 01.01.2018/
Revenue From Contracts With Customers N/A 314,349,000.00 190,494,000.00
Other Income N/A 3,513,000.00 2,850,000.00
Raw Materials And Consumables Used N/A 247,263,000.00 131,301,000.00
Employee Benefits Expense N/A 25,852,000.00 26,331,000.00
Depreciation And Amortisation Expense N/A 12,770,000.00 13,519,000.00
Other Expense By Nature N/A 9,120,000.00 9,250,000.00
Finance Costs N/A 399,000.00 260,000.00
Profit Loss Before Tax N/A 22,458,000.00 12,683,000.00
Income Tax Expense Continuing Operations N/A 2,268,000.00 1,494,000.00
Profit (loss) 20,190,000.00 20,190,000.00 11,189,000.00
Line item in (eur) 01.01.2019 02.01.2018 01.01.2020 01.01.2021
Profit (loss) 20,190,000.00 N/A 20,190,000.00 11,189,000.00
Adjustments For Decrease Increase In Inventories N/A N/A 53,857,000.00 7,885,000.00
Adjustments For Increase Decrease In Trade Account Payable N/A N/A -10,915,000.00 -41,000.00
Adjustments For Provisions N/A N/A -101,000.00 1,000.00
Cash Flows From Used In Operations N/A N/A 79,701,000.00 35,859,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A N/A 2,205,000.00 -1,494,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A N/A 83,000.00 137,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A N/A 9,513,000.00 7,046,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A N/A 3,304,000.00 2,242,000.00
Repayments Of Borrowings Classified As Financing Activities N/A N/A 3,500,000.00 3,500,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A N/A 25,000.00 25,000.00
Dividends Paid Classified As Financing Activities N/A N/A 21,945,000.00 17,556,000.00
Interest Paid Classified As Financing Activities N/A N/A 396,000.00 386,000.00
Cash Flows From Used In Financing Activities N/A N/A -34,252,000.00 -21,467,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A N/A 32,715,000.00 5,241,000.00
Cash and cash equivalents 48,995,000.00 16,280,000.00 48,995,000.00 54,236,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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