2013-01-29 12:17

Dividends from Lithuania's state-owned companies at all-time high

Lithuania’s state-owned companies transferred 521.807 million litas (EUR 151.25m) to the state coffers in dividends and profit contributions last year. Although this amount missed the target of 589.358 million litas by 67.551 million litas, or 11.5 percent, it was the largest sum since the restoration of independence, the 2012 budget execution report drafted by the Finance Ministry has shown.
Kiaulė taupyklė
Kiaulė taupyklė / BFL nuotr.

In 2011, the state-owned companies paid 85.245 million litas in dividends. In 2010 they paid 74.715 million litas, in 2009, 44.825 million litas, and in 2008, 30.52 million litas.

In 2012, the largest amount of dividends – 275 million litas – was transferred to the state by Visagino Atominė Elektrinė (Visaginas Nuclear Power Plant, or VAE), which, in its turn, received 381 million litas in dividends from its subsidiary Litgrid and another 140.725 million litas from Lesto, its another subsidiary.

In the transport sector, the largest amount of dividends – 122.668 million litas – was paid by Lietuvos Geležinkeliai (Lithuanian Railways). The port of Klaipėda paid around 34 million litas to the state last year in its first ever dividends.

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