GEO Energy - Charts

OSK Research
FINANCIAL
Profit & Loss (USDmn) Dec-10 Dec-11 Dec-12F Dec-13F Dec-14F
Total turnover 50 69 78 188 213
Cost of sales (31) (43) (48) (138) (152)
Gross profit 19 27 30 50 61
Gen & admin expenses (2) (5) (6) (6) (7)
Other operating costs 0 0 - - -
Operating profit 17 21 24 44 54
Operating EBITDA 20 28 37 59 73
Depreciation of fixed assets (3) (7) (13) (16) (18)
Operating EBIT 17 21 24 44 54
Other recurring income (1) (0) (1) (1) (1)
Interest income 0 0 0 1 1
Interest expense (1) (2) (1) (1) (1)
Exchange gains 0 0 - - -
Pre-tax profit 15 19 22 43 54
Taxation (4) (5) (6) (11) (14)
Minority interests 0 (0) (0) (0) (0)
Profit after tax & minorities 11 14 16 31 39
Net income to ord equity 11 14 16 31 39
Recurring net profit 11 14 16 31 39
Balance Sheet (USDmn) Dec-10 Dec-11 Dec-12F Dec-13F Dec-14F
Total cash and equivalents 2 4 65 55 97
Inventories 3 2 3 12 11
Accounts receivable 4 1 7 23 20
Total current assets 12 8 77 92 130
Other current assets 3 2 2 2 2
Tangible fixed assets 38 80 84 96 92
Intangible assets 0 1 1 1 1
Total other assets 1 1 1 1 1
Total non-current assets 40 83 86 98 94
Total assets 51 91 163 190 224
Short-term debt 11 9 8 6 3
Accounts payable 6 9 6 9 11
Other current liabilities 12 11 6 6 6
Total current liabilities 29 28 20 20 19
Total long-term debt 8 3 1 1 0
Other liabilities 1 33 18 13 8
Total non-current liabilities 9 36 18 13 8
Total liabilities 38 64 38 33 27
Share capital 0 0 82 82 82
Retained earnings reserve 12 27 43 74 113
Other reserves 1 (0) (0) (0) (0)
Shareholders' equity 13 27 125 156 196
Minority interests (0) 0 0 0 1
Other equity 0 (0) (0) (0) 0
Total equity 13 27 125 157 196
Total liabilities & shareholders' equity 51 91 163 190 224
OSK Research | See important disclosures at the end of this report 2