annual report 2015 - Lietuvos geležinkeliai

Transcription

ANNUAL REPORT 2015
ANNUAL REPORT
2015
LI TH UA NI AN R AILWAYS
6
13
19
27
35
41
Contents
Overview of economic and
financial activities
Passenger
transportation
Technical development
and investment policy
Traffic safety
Human resources and
social initiatives
Independent
auditor‘s report
15
21
29
39
42
Rolling
stock
Infrastructure
Information
systems
Highlights
Balance
sheet
17
25
31
40
44
Freight
transportation
Environmental
protection
International
relations
JSC Lithuanian
Railways management structure
Income
statement
AN N UA L R E P O RT 2 015
Lithuanian Railways means more than
50%
155 years in experience
10,000+
84.9%
Up to 50% of the freights
in Lithuania are transported
by railways
Employees in 2015
1,500+
20+
In 2015, 84.9% of its total revenue
the Company earned from freight
forwarding operations
105
Customers
countries of the world use the services
provided by JSC Lithuanian Railways
544
Railway
stations
385
544 level crossings
383 viaducts and bridges
48.05
In 2015 – 48.05 m
tonnes of freight
200+
200+ locomotives
The Lithuanian transport policy seeks the development of
nius and Kaunas public intermodal terminals, completion
sustainable and environmentally-friendly transport, and the
of the projects of road construction works at the sections
creation of green transport corridors. The strategic objectives
Kūlupėnai–Kretinga, Pavenčiai–Raudėnai and Telšiai–Dū-
of JSC Lithuanian Railways related to ensuring the quality of
seikiai, and the end of the five years manoeuvre locomotive
passenger transportation and freight forwarding services are
upgrading programme.
in line with the provisions of the State policy, and are being
successfully attained.
Seeking to ensure that the national railway development plans
are successfully implemented, in 2015 the Board of the Com-
While using European Union financing, the Company in 2015
pany discussed and passed appropriate decisions concerning
was intensively developing and modernising the railway infra-
each major project and controlled the corporate performance
structure in the international transport corridors crossing the
results and the process of investment projects in progress.
territory in both the North-South and East-West directions.
Although throughout 2015 the external economic conditions
During 2015, the Company allocated EUR 89.3 m of its invest-
in the transport sector were quite challenging, especially in
ment resources for the restoration and modernisation of the
the international transportation sector, JSC Lithuanian Rail-
railway infrastructures, and acquired assets and carried out
ways managed to achieve positive results, operate at a prof-
works amounting to EUR 73.5 m.
it and secure the property interests of the shareholder (the
State).
In 2015, the Company recorded the completion of Stage I of
the Rail Baltica project which included building of the Euro-
The professionals working at the Company are successfully
pean standard gauge, and the reconstruction of the existing
coping with the challenges and fulfilling the defined strategic
railway section of the Lithuanian and Polish state border–
objectives.
Mockava–Šeštokai–Marijampolė–Kazlų Rūda–Kaunas. The
Company also entered into agreements on financing further
works under the Rail Baltic project in 2014–2020.
SAULIUS G IRDAUSK A S
Vice-Minister of Transport and Communications
of the Republic of Lithuania
The other equally important undertakings were the commissioning of the Vilnius railway bypass, launching of the Vil-
Chairman of the Board of JSC Lithuanian Railways
In 2015, due to political and economic reasons, the overall
It is highly encouraging that in 2015 the activities and the
railway transportation volumes decreased significantly in the
performance of JSC Lithuanian Railways were appreciated.
neighbouring States; therefore, the conditions in the railway
Within the national transportation sector Lithuanian Rail-
transport market were challenging. This situation did have an
ways was recognised to be the most desirable employer; fur-
effect on the performance of JSC Lithuanian Railways. In 2015,
ther, the Company was awarded the nomination “For merits
the Company transported 48 m tonnes of freight, of which
to business. Innovative solution leader 2015”, the award “For
33.6 m tonnes were transported on international routes, and
the achievements in logistics in 2015”, and the regular contain-
14.4 m tonnes on local routes.
er train VIT EKSPRES project.
The Company transported 4.2 m passengers in 2015. The ren-
S TA S YS DAILYDK A
ovation of the park of rolling stock for passengers, and the
Director General of
means for the improvement of customer services turned out
JSC Lithuanian Railways
to be an advantage.
During the reporting period the Company invested EUR
233.6 m, recording the execution of the investment funds usage plan to 107 %. The Company absorbed EUR 93.9 m from
EU assistance sources, EUR 1.9 m from the State budget, EUR
83.1 m from the Company‘s own funds and EUR 54.7 m were
borrowed from banks.
Throughout 2015, JSC Lithuanian Railways was actively
searching for new opportunities in the freight transportation
business, and prioritised Rail Baltica and a number of other
projects in modernisation of the railway infrastructure, upgrading the rolling stock, intermodal transportation and the
development of information technologies.
Overview of economic
and financial activities
K E Y INDIC ATOR S
2015
2014
A S SE T S A ND L I A B IL I T IE S (EU R m)
Assets
2,065.1 2,017.3
Equity
1,098.6
1,012.1
Grants and subsidies
576.4
573.8
Amounts payable and liabilities
390.1
431.4
437.2
472.8
Revenue from the principal activities (sales)
429.0
461.7
Income from financing and investing activities
0.6
0.9
Other operating income
7.6
10.2
433.0
447.6
Costs of principal activities
427.5
438.2
Costs of financing and investing activities
4.7
8.3
Costs of operating activities
0.8
1.1
EBITDA (earnings before interest, taxes, depreciation and amortisation)
119.3
136.2
EBIT (earnings before interest and taxes)
10.3
31.6
Profit before taxes
4.2
25.2
Net profit
2.8
20.4
R E VEN U E S (EU R m)
C OS T S (EU R m)
R E SU LT S (EU R m)
7
2015
2014
Liquidity (current assets/short-term liabilities)
1.1
0.9
Gross margin (gross profit/sales), %
15.4
16.6
Net profit margin (net profit/sales), %
0.7
4.4
TReturn on assets (ROA) (net profit/assets), %
0.1
1.0
Return on equity (ROE) (net profit/equity), %
0.3
2.0
Investment funds
233.6
331.7
Corporate investment funds
83.1
86.7
Payroll employees
10,150
10,480
Average monthly wages (EUR)
1,026
979
Sales revenues per employee (EUR’000/person)
42.3
44.1
F IN A N C I A L R AT I OS
IN VE S TM EN T F U NDS (EUR m)
P ER F O R M A N C E IND I C ATO R S
C HANG E S IN THE BAL ANC E SHEE T
trade payables, as well as payments to the subsidiaries and
associates. For reasons stated above, the amounts payable
Throughout the period of 2015, the value of the assets of JSC
within one year and short-term liabilities of the Company
Lithuanian Railways, as compared to 2014, increased by 2.4%
dropped by 35.0%.
to reach EUR 2,065,100. The value of the non-current assets,
accounting for 95.3% in the overall structure of the assets,
At the end of 2015, the debts of JSC Lithuanian Railways to
increased by 4.1% and was reported at EUR 1,968,400. The
credit institutions reached EUR 312.9 m; i.e. by 2.7% more
value of the corporate assets increased mostly due to the
than in 2015. To fund the investment projects for the mod-
large-scale public railway infrastructure and the rolling stock
ernisation and development of its infrastructure and the ac-
upgrading investment projects, as well as the increase in the
quisition of railway rolling stock, the Company has obtained
value of the tangible assets.
16 long-term loans from the European Bank for Reconstruction and Development, the European Investment Bank, the
Compared to 2014, the value of the current assets of the
Nordic Investment Bank, and other credit institutions.
Company decreased by 23.4% to EUR 96.7 m, and accounted for 4.7% of the entire assets of JSC Lithuanian Railways.
The Company paid to the state EUR 8.2 m in dividends for
The changes in the value of the assets resulted mostly due to
the shares owned by the State in 2015.
a decrease in the Company budget, as well as its inventories
and amounts receivable within one year.
RE VEN U E S
During the accounting year the Company’s equity appreciat-
During the reporting year, the Company earned EUR 437.2 m,
ed by 8.6% to EUR 1,098.6 m, essentially because of the in-
i.e. 7.5% down from 2014.
crease in the Company’s authorised capital by EUR 116.8 m,
or 12.4% to EUR 1,057.4 m by respective resolutions of the
FREIGHT TRANSPORTATION REVENUES. The Com-
Government of the Republic of Lithuania. In 2015, the value
pany earned a major part of its total revenues, 84.9%, from
of the Company’s grants and subsidies was EUR 576.4 m, and
freight forwarding operations. Freight transportation rev-
its change was minor. A major share of the grants and sub-
enues, which accounted for EUR 371.3 m in 2015, dropped
sidies is earmarked for funding investment projects on the
by 4.3% from 2014. The freight revenues decreased mostly
modernisation of the public railway infrastructure financed
because of the significant decline in the volumes of transit
by the European Union, and used to increase the authorised
freight transportation to the Kaliningrad region, which rep-
capital of the Company.
resents a vital importance for the revenue and performance
indicators of the Company.
In 2015, the liabilities of JSC Lithuanian Railways decreased
by 9.6% to EUR 390.1 m. Having implemented the invest-
PASSENGER TRANSPORTATION REVENUES. The
ment projects funded from the European Union resources in
Company’s revenues from passenger transportation in 2015
the 2007–2013 financing period, the Company decreased its
accounted for EUR 23.9 m, or 5.5% of its total income. In
9
view of the significant decline in the passenger flows on both
REVENUES OF THE COMPANY IN TOTAL (EUR m)
local and international routes, the Company’s income by
8.1% lower than in 2014. In 2015, the State allocated from
its budget EUR 2.719 m in subsidies supporting the passen-
481.1
511.4
467.5
472.8
2013
2014
ger transportation operations, of which EUR 2.383 m were
437.2
allocated to compensate the income foregone due to the
transportation of passengers on preferential terms, and EUR
0.336 m were used to finance the loss from passenger transportation on local routes.
OTHER REVENUES. The Company also renders other services related to freight and passenger transportation, as well
as additional services operating aboard (freight transportations in the territory of other countries, operation of loco-
2011
2012
motives and engine-crews abroad), provides rolling stock
repair and technical maintenance services, freight handling
and storage, and the sales of scrap iron. In 2015 the Compa-
STRUCTURE OF THE COMPANY’S
ny’s earnings from the services mentioned above constituted
REVENUES IN 2015 (%)
EUR 33.8 m; i.e. less by 29.0% compared to 2014. The other income accounted for 7.7% in the overall structure of the
Company’s income. This decrease in the Company’s earnings
was caused mainly by a significant decline in the demand for
the lease and repair of freight wagons, as well as a decline in
metal scrap.
84.9 Freight transportation
7.7 Other additional services
1.7 Other activities
5.5 0.2 Passenger transportation
Financing and investing activities
2015
COS T S
NET PROFIT (EUR m)
The overall costs of JSC Lithuanian Railways in 2015 account-
42.6
ed for EUR 433.0 m, which is 3.3% less than in 2014.
37.7
The most significant decline was recorded in the cost for fu-
28.1
el, mainly due to the fall in freight transportation volumes
and the price of diesel. Furthermore, in 2015 the Company
20.4
reduced its expenses for procuring repair works and materials; nonetheless, during the reporting year the Company’s
costs were adversely increased as a result of the ongoing le2.8
2011
2012
2013
2014
2015
gal proceedings with JSC ORLEN Lietuva regarding rates for
freight transportation, in addition to the provision to secure
the objection on the part of the European Commission in the
case regarding the dismantling of the railway rails from the
Bugeniai train station to the State border.
COST STRUCTURE OF THE COMPANY (%)
Remuneration costs represented the major part in the total cost structure and accounted for 36.1%; the non-current
asset depreciation costs and the costs of fuels comprised
24.3 % and 10.6% respectively.
PROFIT
In 2015 the Company was operating at a profit – its profit before taxes accounted for EUR 4.2 m, and the net profit was
reported at EUR 2.8 m.
36.1 10.6 24.3 1.8 6.6 4.7 1.1 4.1 10.7 Wages and salaries
Fuel
Depreciation (amortisation)
Energy resources
Materials
Repair works
Financial and investment costs
Settlement with railway companies of other countries
Other costs
11
PERFOR M ANC E OF THE
COMPAN Y ’ S S U BSIDIARIE S
The Group consisted of JSC Lithuanian Railways
and its subsidiaries in 2015:
Company
Profit (loss) for the
reporting year
JSC Vilnius Locomotive Repair Depot
115.7
JSC Railway Building Centre
23.4
JSC Gelsauga
662.1
JSC Railway Designing
637.4
JSC Centre of Railway
Environment Protection
Principal activities
Repair and production of the rolling stock
Repair and construction of the railway
infrastructure track
Security and cleaning services
Designing and research works in railways,
construction and repair of buildings
Waste management and logistics, protection and
(118.4)
maintenance of the protective forests and green
plantations of the railway line
Joint ventures of the Baltic States’ company RB RAIL
JSC Rail Baltica Construction
(157.1)
AS, responsible for the implementation of the project
Rail Baltica 2, and realisation of the shareholder’s
functions
JSC Voestalpine VAE Legetecha
74.9
Production of railway switches
Passenger
transportation
In 2015, JSC Lithuanian Railways provided transportation
Even in view of the complicated situation at the international
services to 4.2 m passengers. Local trains transported 3.4 m
market, and without receiving any support from the State to
passengers, i.e. about 6.6% less than in 2014, the Company’s
compensate the loss incurred at local routes, the Company
turnover from this activity accounted for 247.7 m passenger
made considerable efforts to improve the passenger commu-
km. International trains transported total about 0.8 m pas-
nications by trains.
sengers. i.e. by about 12% less than in 2014, and the Company’s turnover from this activity accounted for 113.0 m passenger km.
—— Since 26 February 2015, all local communication
passengers can acquire the tickets at the internet
site www.traukiniobilietas.lt. During 2016, the
The principal reasons for the decrease in the passenger flows
Company intends to adapt it internet website for
on the local communication routes were the repair of the
mobile telephones and tablets.
railway infrastructure that caused the cancellation of 3,811
trains, i.e. about 6% of all local communication trains.
—— The employees of the Company selling tickets
to passengers and controlling them are supplied
The decrease in the flows of international passengers is large-
with the most modern ticket sale and check-
ly related to geopolitical and economic reasons, due to which
ing devices; participants of the JSC Lithuanian
in June 2015, the Vilnius–St. Petersburg–Vilnius train formed
Railways passenger loyalty programme, of whom
by JSC Lithuanian Railways was cancelled, and since Decem-
there are about 30,000, are provided a possibility
ber 2015, the Vilnius–Moscow–Vilnius train was joined to the
to benefit from discounts when purchasing the
transit train Kaliningrad–Vilnius–Kaliningrad. Nevertheless,
tickets on trains.
as compared with 2014, in 2015 the overall number of passengers travelling the trains operated on the Vilnius–Minsk–Vilnius route still showed some increase.
—— An additional express train was launched on
the route Vilnius–Klaipėda–Vilnius that reaches
Klaipėda from Vilnius in 3 h and 47 min.
During 2015, the number of passengers travelling by trains
formed by railway companies of other states declined by
11,300, as compared with 2014, or 2.4%.
—— An additional fast train launched on the route
Vilnius–Turmantas–Vilnius reaches Turmantas
from Vilnius in 2 h and 8 min.
In 2015, the Company’s revenues from transportation of passengers on local routes were recorded at EUR 8.1 m, i.e. an
—— In December the Company renewed the com-
increase by about 1% since 2014, and the revenues from pas-
munication on the route Kaunas–Marijampolė–
senger transportation by international routes reached about
Kaunas.
EUR 13.1 m, down by about 14% as compared to 2014. The
Company’s income from the transportation of post, luggage
and other carriage services was EUR 0.4 m, i.e. by about 8%
less than in 2014.
13
—— The Company signed the agreement on the in-
Six trains on the Vilnius–Kaunas routes have been assigned
stallation of wireless internet on the trains oper-
the express category, and three trains on the Kaunas–Vilni-
ating on the route Vilnius–Kaunas–Vilnius.
us route. The trains travelling between Vilnius and Kaunas
stop in Kašiadorys, Vievis or Lentvaris. The travel time is 1h 05
—— The two recently set up bilateral working groups
were given the task to renew in 2016 the direct
min., and 1h 09 min. The en route speed of the express trains
travelling between Vilnius and Kaunas is 90.4–96.3 km/h.
communication between Lithuania and Poland.
As compared to 2014, there has been some increase in the
—— The Passenger Freight Directorate was an active
technical speed of EJ575 trains, as on the route Vilnius–Kau-
contributor to the organisation of the transpor-
nas it reached in 2014 on average 66,47–88.89 km/h, and in
tation of the participants of mass events (e.g.,
2015 the speed increased to 70.27–97.2 km/h. The speed of
festivals Granatos, Loftas Fest, Sūpynės, etc.),
double-deck EJ575 series trains in the section Vilnius–Trakai
also of school and kindergarten children, which
was 43.08–51.39 km/h, and, respectively, 41.11–52.83 km/h in
eventually attracted about 11,000 additional pas-
2015.
sengers.
ROLLING S TO C K
During 2015, for passenger transportation the Company con-
During the reporting period the four electrical ER9M series
trains were operated only on the route Vilnius–Trakai.
OTHER AC TIVITIE S
sumed a little more than 5 m litres of diesel fuel.
In 2015, at an auction the Company sold three passenger
In 2015, for the purpose of carrying passengers on domestic
wagons, for which it generated EUR 65,100 in proceeds.
and international routes diesel trains covered nearly 3 m km,
or by 8.06% more than in 2014, when the mileage of the die-
During 2015, the Company delivered 778.6 tonnes of metal
sel trains stood at 3,572,883 km.
scrap collected at production divisions, or obtained as the
passenger rolling stock that the Company failed to sell, and
During 2015, the diesel passenger trains delivered 346,257,000
generated EUR 178,600 in proceeds.
tonne-kilometres (gross), which is by 21,342,000 tonne-kilometres (gross), or 6.57% more than in 2014.
In 2015, the Company on a single occasion organised a sale
of illiquid and redundant assets of the Passenger Transpor-
During the reporting period, the Company consumed
tation Directorate, and sold the illiquid assets for EUR 12,800
9,465,000 kWh in electric energy to transport passengers by
(excl. VAT).
electric trains, which is by 325,596 kWh, or 3.44% less than
in 2014, when the electric energy costs were recorded at
9,788,000 kWh.
Rolling
stock
DIE SEL TR AINS
Series
Capacity, kW
DR1AM
745
RA-2
Maximum speed,
Number
Fuel type
Production year
120
12
Diesel fuel
1988–1995
2 x 360
100
4
Diesel fuel
2008
620M
382
120
12
Diesel fuel
2008–2011
630M
2 x 382
140
3
Diesel fuel
2013
DR1A
2 x 736
120
2
Diesel fuel
1989-1991
AR-2
310
120
1
Diesel fuel
1997
Number
Fuel type
Production year
km/h
ELEC TRIC TR AINS
Maximum speed,
Series
Capacity, kW
ER9M
8 x 182
130
4
Electricity
1976–1995
EJ575
4 x 500
160
10
Electricity
2008–2013
Number
Fuel type
Production year
km/h
FREIG HT LCOMOTIVE S
Maximum speed,
Series
Capacity, kW
TEP 70
2,942
160
5
Diesel fuel
1990–1994
TEP 70BS
2,942
160
4
Diesel fuel
2006
TEP70M
3,000
160
1
Diesel fuel
2014
TEM LTH
709
80
1
Diesel fuel
2015
km/h
15
TEP 70M
As part of the passenger rolling stock renewal programme a
passenger locomotive TEP70M was upgraded at JSC Vilnius
Locomotive Repair Depot according to the project of a Hungarian company MAV Woodward. The passenger locomotive
is used for the traction of passenger wagon sets on the route
Vilnius–Klaipėda–Vilnius, as well as for transit trains on the
route Vilnius–Kybartai in Kaliningrad direction.
Following the modernisation the maximum speed and the
traction performance of the locomotive remained unchanged, however, the fuel consumption decreased by 30%, the
expenses of for-cause and scheduled repairs decreased,
respectively, by 20% and 5%.
The modernised locomotive now complies with all the requirements prescribed for the rolling stock of the type, as well
as the mandatory interoperability specifications. The operating time of the locomotive was thus extended for another
11 years.
TE M LTH
For the purpose of the formation on the rails in the Vilnius
railway station of passenger trains operating on the route the
Company acquired a shunting locomotive series TEM LTH.
locomotive TEM LTH produced at JSC Vilnius Locomotive
Repair Depot according to the project of a Czech company
AB CZ LOKO.
Freight
transportation
In 2015, JSC Lithuanian Railways transported a total of 48.05
In 2015, TRANSIT freight via Lithuania accounted for 8.92
m tonnes of freight; i.e. 1.9% less than in 2014. In terms of
m tonnes, which is 13% less than in 2014. Nearly all transit
types, freight import accounted for 42.9%, domestic freights
freight was transported in the direction of the Kaliningrad
for 30%, transit for18.6%, and export for 8.5% of the total
region. Due to the unstable situation in the neighbouring
volumes of freight transportation.
markets, the flows of freights transported in the route decreased significantly, which also resulted in a significant fall in
Throughout the accounting year the Company transported
the Company‘s revenues. Transportation of petroleum prod-
20.61 m tonnes of IMPORTED FREIGHT; i.e. 2.6% more
ucts decreased by 26.5%, while transportation of food prod-
than in 2014. 55% of the total imported freights were chem-
ucts, solid mineral fuel and ferrous metals increased by 6.7%,
ical and mineral fertilises, 20% were oil products, 10% were
5.5% and 12.3%, respectively. The decreases in the flows of
ferrous metals, and 6% were mineral products. A significant
the freight in the sector, as well as the fluctuations, are be-
increase (+5.8%) in the volumes of the transportation of fer-
coming a negative trend. In terms of types, oil products ac-
tilisers from Belarus via the Klaipėda Sea Port; total freights
counted for the largest group of the transit freight (24%), fol-
accounted for 10.05 m tonnes. Due to the global decrease in
lowed by solid mineral fuel (24%), food products (14%), fer-
oil prices and the highly efficient operation of JSC Lithuanian
rous metals (12%), and plant products (11%).
Railways and the Klaipėda oil terminal, the volumes of the oil
products import increased by as much as 20% (4.02 m tonnes
In the accounting year JSC Lithuanian Railways transport-
imported altogether). The volumes of ferrous metals trans-
ed a total of 4.09 m tonnes of EXPORT freight; i.e. 1.7%
portation increased by half (2.10 m tonnes). The largest share
less than in 2014. As in previous years, more than half (about
of imported freight flow was from Belarus and Russia via the
58%) of export freight flows were petroleum products trans-
Klaipėda Sea Port. In 2015, the rail transportation of import
ported from JSC Orlen Lietuva to Ukraine, Latvia and Esto-
freights via the port accounted for 14.84 m tonnes, which is
nia. A decrease in transportation flows is observable in nearly
3.1% more than in 2014.
all other freight groups.
The freight transportation on LOCAL routes in 2015 report-
During 2015, the Company successfully continued the devel-
ed volumes equal to those in 2014. 40% of the local freight
opment of the public logistics centres in Vilnius, Kaunas and
were oil products (JSC Orlen Lietuva), 2% were chemical and
Klaipėda. Through the reporting year, JSC Lithuanian Rail-
mineral fertilisers (principal customers JSC Achema, JCS Li-
ways dedicated significant attention to the projects of in-
fosa), 14% were mineral products (mostly breakstone), and
ter-modal container trains Viking Train, Merkurijus, Saulė,
16% were plant products (mostly grain). In this market seg-
Šeštokai Express, Baltijos vėjas, Vilnius Shuttle, and Mi-
ment, the principal customers of JSC Lithuanian Railways are
lano Express. The Company also provided freight forward-
major factories, plants and companies of sector associations.
ing, warehousing, coach leasing and other services related to
freight transportation.
17
FREIGHT TRANSPORTATION BY
FREIGHT TRANSPORTATION VIA LITHUANIAN
LITHUANIAN RAILWAYS (m tonnes)
RAILWAYS BY DIRECTIONS (m tonnes)
52.3
49.4
48.0
49.0
48.0
20.1
20.6
14.5 14.4
10.3
8.9
4.2
2011
2012
2013
2014
2015
Import
Local
FREIGHT TRANSPORTATION VIA LITHUANIAN RAILWAYS BY T YPES, 2015 (%)
42,9 Import
30,0 Local
18,6 Transit
8,5
Export
Transit
4.1
Export
Klaipėda Kaunas
Berlin
Liudvigshafenas
Šeštokai
Ufa
Moscow
Vilnius
Kaliningrad
Antwerp
Smolensk
Samara
Minsk
Warsaw
Ozink
Kiev
Saratov
Aktobe
Ilyichevsk
Milan
VIKINGAS
SAULĖ
BALTIJOS VĖJAS
ŠEŠTOK AI EXPRES
Klaipėda—Vilnius—
1
Klaipėda—Minsk—
Warsaw—Šeštokai—
Minsk—Kiev—
Klaipėda—Minsk—
Samara—Kostanay/ Astana
Smolensk
Ilyichevsk
Smolensk—Samara—
Distance – 3,233/5,499 km
Distance – 1,126 km
Duration – 5/12 days
Duration – 3 days
Runs three times per month
Runs as needed
Astana—Dostyk
Duration – 2–9 days
2
Runs three times per week
Antwerp—Berlin—
and daily if has sufficient
Warsaw—Šeštokai—
freight volumes
Minsk—Smolensk—
Samara—Aktobe—Almaty
Dostyk—Ürümqi—
Chongqing—Lianyungang
Distance – 5,800/11,065 km
Duration – 8/18 days
Runs as needed
Kostanay
Astana
Aktogai
Dostyk
Almaty
Ürümqi
Lianyungang
Chongqing
MERKURIJUS
VILNIUS SHUTLE
NEMUNAS
MILANO EXPRESS
Klaipėda—
Klaipėda—Vilnius (Paneriai)
Vilnius/Kaunas/Klaipėda—
Kaunas—Warsaw—
Minsk
Ludwigshafen—Milan
Kaliningrad—Moscow
Distance – 330 km
Duration – 9 h
Distance – 242/327/612 km
Duration – 4 days
Runs twice per week
Duration – 8/10/18 h
Duration – week
Runs as needed
Runs once per week
Runs as needed
VIT EKSPRES
Klaipėda—Vilnius
Distance – 387 km
Duration – 9 h
Runs twice per week
Technical
development and
investment policy
Through the period of 2015, the Company’s technical development and investment policy were specifically geared to-
RENE WAL AND MODERNISATION OF
THE R AILWAY INFR A S TRU C T U RE
wards the implementation of the strategic objectives of the
National Communications Development Programme for
During 2015, the Company acquired assets and delivered
2014–2022. The priority objectives of the Company remain
works for EUR 73.5 m. It completed all the strategic railway
unchanged: ensuring an uninterrupted, balanced, secured
infrastructure renewal projects partly financed from the
and efficient functioning of railway transport.
2007–2013 financing period with EU resources: construction
of the second track of the Vilnius bypass Kyviškės–Valčiūnai;
Significant efforts in the course of 2015 were allocated to the
construction of the second tracks in sections Kūlupėnai–
implementation of the Rail Baltica and other railway electri-
Kretinga, Pavenčiai–Raudėnai and Telšiai–Dūseikiai; con-
fication projects, and the development of logistics solutions
struction of the Vilnius and Kaunas public logistics centres;
facilitating the interaction between the rail transport and
and the modernisation of the infrastructure of the connect-
other transport modes.
ing railway line Klaipėda–Pagėgiai.
One of the most important tasks of JSC Lithuanian Railways
In 2015, the Company progressed with the projects scheduled
is the availability and accessibility of objects in the railway
to be completed in 2016, such as electrification of the sec-
transport infrastructure, by implementing the principles and
tion State border with Belarus–Kena–Naujoji Vilnia, the de-
the module of the private partnership activity, and the in-
sign for the electrification of the Vilnius railway node, and the
crease in the throughput of the public railway infrastructure.
preparations for the implementation of the projects intended
to be funded from the resources allocated for the 2014–2020
To ensure a proper fulfilment of environmental protection
EU financing period: the modernisation and electrification of
measures, to meet the needs of business clients as well as
the section Šiauliai–Radviliškis (Stage I) and the design for
passengers, the Company has been implementing the most
the contractor’s works in relation to the construction of the
advanced freight and passenger transportation technologies,
second railway track in the section Telšiai –Lieplaukė.
optimising its technological processes and applying the most
advanced work organisation standards.
To renew and upgrade its FREIGHT TRANSPORTATION
FACILITIES in 2015, the Company acquired assets and de-
During the reporting period, for investment purposes the
livered works for EUR 21.4 m. JSC Lithuanian Railways ac-
Company allocated EUR 233.6 m, of which EUR 93.9 m
quired five shutting locomotives TEM TMH, carried out the
were funds from the EU assistance funds, EUR 83.1 m were
overhaul of 585 freight wagons, developed the integrated in-
the Company’s own funds, EUR 54.7 m were borrowed from
formation system for cargo carriage by sea and railway trans-
banks, and EUR 1.9 m represented a contribution from the
port (e-Krovinys), completed the construction of the wash-
State budget.
ing facilities of the locomotive depot rolling stock and the
self-propelled multiple train units in Radviliškis, reconstruct-
In 2015, the Company invested a total of EUR 169.2 m.
21
ed the boiler houses, completed the overhaul of the axe-
In cooperation with researchers, the Company started draw-
wheel workshop of the freight wagon depot in Radviliškis,
ing up the text-books Railway. The General course (2nd edi-
and completed other projects for the reconstruction and
tion), and Railway track. Design, building, operation and main-
modernisation at other freight forwarding economic entities.
tenance.
During the reporting period, for the purpose of the improve-
The Company is constantly looking for ways to reduce the
ment of the PASSENGER FREIGHT, the Company ac-
operational costs of fuel, and in that relation conducted the
quired assets and delivered works for EUR 7.9 m. It also ob-
experimental tests of the transitional operating modes of
tained rolling stock for shunting operations and modified and
diesel engines of freight locomotives.
carried out an overhaul repair for passenger rolling stock and
construction works.
Significant attention was dedicated to the railway infrastructure; in that area the Company carried out a feasibility study
RESEARCH ACTIVITIES. One of the major accomplish-
on the use of slab road construction and a study on the scan-
ments of the Company during 2015, while cooperating with
ning of the automated locomotive signalisation (ALS) codes
research institutions and consulting companies, was the de-
from the electrically conductive surfaces of the rolling stock;
veloped Strategy for ensuring the competitiveness of the
in the area of metrology the Company established the me-
Lithuanian railway sector until 2025.
trology maintenance processes and the principles for their
optimization and unification.
To address the technical issues, the Company referred to scientists in order to assess the threat caused by the defects in
the geometry of the rolling stock and the rolling surface; in
connection with these objectives, JSC Lithuanian Railways
also carried out diagnostic tests on the engines of freight and
shunting locomotives, and the experimental tests on the operating characteristics of engines of freight locomotives. The
research materials and findings are highly instrumental when
seeking to save energy and reduce pollution of the environment. Another accomplished task was the feasibility study
for the use of renewable (alternative) energy in the Lithuanian railway sector.
Infrastructure
The convenient geographical location, well-developed Lith-
1,428 bn, of which EUR 643.3 m represented financial assis-
uanian railway network, ice-free Klaipėda Seaport, skilled
tance of the EU funds. In 2015, investment by JSC Lithuanian
technical capacities are all factors that have a considerable
Railways in the renewal and development of rail infrastruc-
impact on the transport system in this country. The two in-
ture amounted to EUR 97.983 m, including EUR 49.656 m al-
ternational transport corridors with special importance for
located from European Union funds.
the entire European transport system cross the territory of
The key objectives of the infrastructure development cover
Lithuania:
—— Corridor I (Helsinki–Tallinn–Riga–Kaunas–
Warsaw),
raising speed limits, enlarging track capacity and maximum
weight of freight trains, strengthening the subgrade, improv-
—— Corridor IX: IXB (Kiev–Minsk–Vilnius–Šiauliai–
ing design parameters, increasing axle load limits, reducing
Klaipėda) with a branch IXD (Kaišiadorys–Kau-
side slopes, raising the radii of curves on the routes, conduct-
nas–Kaliningrad).
ing the electrification of lines, and modernising telecommunications and train traffic management systems.
The total length of the Lithuanian railway lines makes up
1,871.5 km, of which 122 km are electrified lines and 428.4 km
Having completed a number of the infrastructure network
are double tracks. There are 108 railway stations, 544 level
modernization projects partly funded by EU resources, in 2015
crossings and 383 overpasses and bridges.
the Company successfully completed the following projects:
—— Construction of the second track at the Vilnius
JSC Lithuanian Railways seeks integration with the TEN-T
network, thus the Company is enhancing the attractiveness
and competitiveness of its railway transportation. It also aims
to provide high quality passenger and freight transportation
by rail services in East European, Central Asian, the Baltic
States and other countries. Benefiting from the assistance of
the European Union funds in 1996–2015, the Company invested in the railway infrastructure development over EUR
bypass Kyviškės–Valčiūnai at the IXB Corridor;
—— Construction of the second track on the railway
section Telšiai–Dūseikiai,
section Pavenčiai–Raudėnai,
section Kūlupėnai–Kretinga,
—— Establishment of the traffic management centre;
23
—— Modernisation of the Vilnius–Kaunas line for
speeds up to 160 km/h;
Kaišiadorys–Radviliškis section, as well as the modernisation
and electrification of the Šiauliai–Radviliškis section.
—— Reconstruction of the section Šiauliai–Joniškis–
Lithuanian and the Latvian State border.
During 2015, the Company progressed in carrying out a feasibility study for the project on the electrification of the Pol-
The Company published a call for the tender to procure the
ish State border –Marijampolė–Kazlų Rūda–Kaunas section.
construction works regarding the second track of the Vilnius bypass Pušynas–Paneriai, and prepared the tender doc-
The following was accomplished in 2015, as part of the as-
umentation for the project on Stage II of the development
signment to improve the technical parameters and ensure
of the Klaipėda railway node and reconstructed the Pauos-
traffic safety:
tis yard.
—— reconstruction of 1.98 km of the existing railway
tracks;
As part of the modernisation of the railway infrastructure
—— repair of 44.11 km of regular road;
network, the Company continued the electrification works
—— replacement of 66.89 km of rails by new long rails;
according to the project Construction of the second track in
—— replacement of 10.54 km of rails by new long rails;
the Telšiai–Lieplaukė section, and the Kena–Naujoji Vilnia
—— 50 switches installed and replaced by new ones,
section.
of which five switches were with new generation
controls with electro-hydraulic steering;
JSC Lithuanian Railways continued working on the electrification of the State border section with Belarus–Kena–Vilni-
—— repair of seven bridges, of which four were reconstructed into throughputs;
us, and the construction of the second track in the Livintai–
—— repair of 4 platforms;
Gaižiūnai section, and the Vilnius railway node.
—— repair of 6 level crossings.
The Company is continuing drawing up the terms of reference for the electrification of the Lithuanian and Polish State
border–Marijampolė–Kazlų Rūda–Kaunas section, and the
Environmental
protection
ONE OF THE PRIORIT Y OBJECTIVES OF JSC LITH-
The environmental condition of the Lithuanian railways was
UANIAN RAILWAYS IS AN EFFICIENT USE OF EN-
continuously monitored, which also engaged the prevention
ERGY AND NATURAL RESOURCES, AND THE FUL-
of environmental infringements; with the intention of im-
FILMENT OF ENVIRONMENTAL PROTECTION RE-
proving technological processes the Company carried out
QUIREMENTS
control inspections of 110 injects at the structural divisions of
JSC Lithuanian Railways.
On contractual basis, the services related to environmental
protection services to JSC Lithuanian Railways are provided
Thus the JSC Centre of Railway Environment Protection pro-
by the JSC Centre of Railway Environment Protection by or-
vided consultations to structural divisions of the Company
ganising the handling and management of waste produced
regarding 18 incidents whose consequences were liquidated
by the railway operations, related logistics, maintenance of
to avoid any damage to the environment. In this context, JSC
waste treatment facilities, and the preparation of wagons.
Lithuanian Railways handled and delivered to waste man-
The JSC Centre of Railway Environment Protection is also
agement companies 7,330.00 tonnes of waste.
engaged in laboratory tests and measurements, drawing up
of environmental documentation, and the maintenance of
greenery in the railway protection zone.
25
At the stationary ambient air pollution sources (20 objects
In 2015, the Company’s environmental taxes for the station-
observed altogether), the Company performed control test of
ary pollution sources (having identified the air pollutants
the emissions at the frequency set forth by law. The analysis
and the pollutants discharged with waste-water) accounted
of the test results and findings did not determine any cases of
for EUR 1,162.00 (EUR 2,324.8 in 2014). The pollution tax de-
exceeding the authorised levels of emissions.
creased partly due to the revocation of the authorisation of
the integrated pollution prevention and control with respect
During 2015, the Company periodically performed the main-
to the freight wagon depot of Radviliškis of the Freight Trans-
tenance and technical servicing operations of 80 waste-wa-
portation Directorate of JSC Lithuanian Railways.
ter treatment facilities, which included monitoring the pollution level at the discharge water and laboratory testing of
The Company is consistently modernising and upgrading its
waste-water at 60 entities.
rolling stock, improving the parameters of the railway infrastructure; therefore, the pollution level caused by mobile pol-
Underground water monitoring operations are continued at
ten units of JSC Lithuanian Railways, in addition to the 10
watering places and 73 shaft wells. In case of excess of authorised levels, the shaft wells are disinfected, and free oil
products are collected from the surface of ground water.
lution sources in 2015 decreased by 5% compared to 2014.
Traffic safety
Nearly half of all employees at JSC Lithuanian Railways
JSC Lithuanian Railways also recorded a decrease in the
(5,439) are involved in dangerous work; nevertheless, in 2015
number of traffic incidents (hereinafter – TI) due to the fault
there were no fatal or severe injuries or accidents (AW) reg-
of bystanders. In 2015 there were 24 TIs; i.e. by 14 fewer than
istered at work. During 2015, the Company registered 13 ac-
in 2014 (38 registered TIs). There was a significant reduction
cidents at work (AW). Compared to the data from 2014, the
in the number of fatalities or injuries among bystanders. In
number of NW decreased (14 AW in 2014) in 2015.
2015 there were 14 fatalities and 5 persons were injured at JSC
Lithuanian Railways (cf. 18 and 15, respectively, in 2014). The
For health and safety at work, the Company allocated EUR
Company organises, on a regular basis, different events re-
126,730. 2,147 employees were vaccinated against tick-borne
lated to safety at work (Crossing day, etc.), installs new alarm
encephalitis, and 1,519 employees were vaccinated against
systems at the crossings, fencing, and delivers lectures at ed-
the flu.
ucational institutions for children and the youth about safe
behaviour in relation to railways.
The Company‘s allocations for the improvement of working
conditions and health protection means in 2015 accounted
for EUR 948,700. At individual structural divisions the working conditions for employees are improved by reconstructing
and arranging production and social premises, thereby fully meeting the requirements for safety and health at work,
in addition to the upgrading of technological facilities, work
tools and supplying the employees with protective means.
27
Indicator
January-
January-
Comparison
December 2014
December 2015
Accidents at work
14
13
-1
Fatal
1
-
-1
Severe
1
-
-1
Minor
12
13
+1
Incidents
3
2
-1
Accidents on the way to/from work
11
16
+5
Fatal
1
-
-1
Severe
-
-
-
Minor
10
16
+6
Traffic incidents involving bystanders
38
24
-14
At railway stations
10
6
-4
At railway crossings
16
6
-10
On the lines between stations
12
12
-
Injured persons, dead/injured (d/i)
18d/15i
14d/5i
-4d/-10i
Information
technologies
During the reporting period for the purpose of the devel-
The Company considers it to be especially important to
opment of its information technologies, the Company ac-
maintain good partnership relations with railway companies
quired assets and delivered works for EUR 4.8 m. In order
of neighbouring states, be an active participant in the activi-
to enhance the Company’s information systems, it upgrad-
ties of international organisations, and promote cooperation
ed its main computer networks and those installed in build-
with foreign logistics and forwarding companies. Therefore,
ings, also was upgrading or replacing the broken or obsolete
in the course of 2015 the Company was an active player on
computer networks or hardware. The Company comprehen-
the international arena.
sively renewed its security systems, and in this way ensured
the protection of the computer network from harmful software and fraudulent access to the Company’s databases. JSC
Lithuanian Railways introduced the operative transportation
computerised information system, expanded its WEB function, is in the process of modernisation of the information
system Krovinys and e-krovinys, is expanding the functional abilities of its Financial accounting and business management systems, as well as the remuneration accounting information systems (PVDUAIS), and is continuing the operations
on the integrated interfaces between the system on the accounting of locomotive fuel from travel sheets and the other
information systems of JSC Lithuanian Railways.
Project
Rail Baltica
29
October 2015 marked the completion of the construction of
Baltica section the Company’s contractors upgraded the in-
the first section as part of the international project from the
frastructure of the railway engineering network, reconstruct-
Lithuanian and Polish State border to Kaunas. The total price
ed the stations, yards, and platforms, and performed other
of the construction works of the Rail Baltica project is EUR
contracting works. The building of the Rail Baltica railway
364.5 m; i.e. EUR 8.6 m less than planned. The section of the
from the Polish and Lithuanian State border to Marijampolė
international railway in Lithuania was built by five general
was financed from the funds of the EU TEN-T programme,
contractors and assisted by 28 sub-contractors. In the 120 km
the Lithuanian state, and own funds of JSC Lithuanian Rail-
long section of Rail Baltica the Company built a new Euro-
ways. The contracting works in the remaining sections from
pean standard gauge (1,435 mm wide) and renewed the Rus-
Marijampolė to Kaunas were financed from the Cohesion
sian standard gauge railway line (1,520 mm wide) laid down
fund and resources of JSC Lithuanian Railways.
in the vicinity. Along the entire route, the Company laid down
233 km of rails for 1,435 mm and 1,520 mm gauge roads, including road yards at the railway stations. At the entire Rail
International
relations
CO OPER ATION WITH BEL ARUS
CO OPER ATION WITH RUS SIA
It has been for several years now that the Belarusian Railways
At the meeting of the top level managers of Lithuanian and
company remains one of the most important partners of JSC
Russian railway companies that was held in Moscow on 28-
Lithuanian Railways in the area of freight transportation.
31 January 2015, the results of the economic performance of
the two companies was discussed, as well as pricing issues,
The meeting of JSC Lithuanian Railways and the Belarusian
the problems related to the transportation of freights via the
Railways company that took place in Šiauliai on 25-27 Feb-
Klaipėda port, the development of the container train pro-
ruary 2015, became a forum for the managers to discuss the
jects, and the tariff rates for passenger transportation on the
prospects for 2015, the progress in the implementation of the
Vilnius–Moscow–Vilnius route.
international projects Nemunas and Vikingas, organisation
of the throughput of wagon flows at the border points, imple-
CO OPER ATION WITH K A Z AK HS TAN
mentation of the traffic schedules, operation of locomotives
and the brigades at the borderlands, the fast passenger train
In 2015, aiming to strengthen the cooperation between the
between Vilnius and Minsk, and issues related to the elec-
Lithuania and Kazakhstan railways companies, JSC Lithua-
trification of the Molodechno–Hudagaj–State border–Kena–
nian Railways opened its representative office in Kazakhstan.
Naujoji Vilnia railway section.
The Republic of Kazakhstan is the most important partner of
JSC Lithuanian Railways in Central Asia. The opening of the
On 8 October 2015, JSC Lithuanian Railways and the Belaru-
representative office gives new opportunities for the Compa-
sian Railways signed a memorandum regarding the cooper-
ny to operate actively in the large Asian-European transpor-
ation in the area of transit freight transportation by railway
tation markets and develop its logistics centres and container
transport. The parties of the memorandum agreed to contin-
train projects.
ue strengthening the mutually beneficial cooperation in the
area of transit by increasing the volumes of freight transpor-
Askar Mamin, the General Manager of the Kazakhstan Rail-
tation and enhancing the competitiveness of the companies.
ways, as well as other businessmen from the country, attended the forum on ‘The New Silk Road – a reliable link between
On 6-8 October 2015, JSC Lithuanian Railways extended its
Europe and Asia’ held in Klaipėda on 5-6 May 2015.
cooperation agreements with Grodno Azot and Avantreil,
providing for the terms and conditions of transportation of
An international transport and logistics business forum ‘The
freight and empty rolling stock by Lithuanian railways.
New Silk Road’ was held on 21 May 2015, in Astana. Attending the forum was an excellent opportunity to introduce the
achievements of Lithuania in the area of transport and logistics – the projects of logistics centres, the integration of the
wide and the European gauge, the advantages of the ice-free
port, and the other best practice examples.
31
The representatives of the Lithuanian and the Kazakhstan
services in Lithuania. This newly established company will be
Railways companies attending the meetings on 26 Novem-
responsible for forwarding freights between Lithuania, Be-
ber 2015, discussed the issues on the organisation of freight
larus and China, and providing full-range logistics services.
transportation by container trains from China to the West-
On 29 June–3 July, 2015, a delegation from China of 40
ern Europe via Lithuania, and a range of other issues – the
persons visited Lithuania, consisting of a group led by the
use of platform wagons of JSC Lithuanian Railways, compet-
Vice-Governor of Sindzian province, as well as represent-
itive rates, and cooperation in developing logistics centres.
atives from China Merchants Group, Kerry East Logistics,
CO OPER ATION WITH C HINA
SINOTRANS, CNR Corporation Limited, China Communications Construction Company Limited (“CCCC”), CAMC
Transportation and Xinjiang Continental Bridge Group, pro-
During 2015, quite a number of Chinese companies demon-
viding transportation, logistics, infrastructure construction
strated significant interest in the Lithuanian transport sector.
and rolling stock production services.
On 4-9 May 2015, representatives of China Merchant Groups
(CMG), one of the largest Chinese State-owned corporations,
At the conference ‘One Belt, One Road – Visions and Op-
visited Lithuania and attended meetings with the managers
portunities’ held on 1 July 2015, in Klaipėda, representatives
of JSC Lithuanian Railways; the guests from China had an
of JSC Lithuanian Railways discussed with Chinese compa-
opportunity to learn about the projects implemented by JSC
nies the possibilities to address the common issues by build-
Lithuanian Railways, and presented their own activities and
ing container trains from China via Klaipėda, and to establish
discussed opportunities for further cooperation. On May 8,
Lithuania and its transport infrastructure as a credible point
the two parties signed a Memorandum of Understanding
on the route of the New Silk Road.
that established the foundation for further cooperation between the two companies.
CO OPER ATION WITH P OL AND
On 6 October 2015, Li Xiaopeng, President of China Mer-
On 20–21 August 2015, Jakub Karnowski, Director General of
chants Group (CMG), and the delegation he led visited Vilni-
the Polish railway company PKP S.A and the delegation he
us. During the visit, JSC Lithuanian Railways presented to its
led arrived for their first ever official visit to Lithuania. At a
Chinese counterpart a range of proposals regarding further
meeting with managers of JSC Lithuanian Railways, the Pol-
cooperation, and on 8 October 2015, JSC Lithuanian Rail-
ish counterparts discussed the possibilities and prospects for
ways and China Merchants Group signed an agreement con-
further cooperation. The parties also negotiated the Rail Bal-
cerning the establishment of a joint forwarding venture. On
tica project and its development plans, as well as the oppor-
23 November, while attending the joint Lithuanian and Chi-
tunities for cooperation in developing freight and passenger
nese business forum in Beijing, the representatives of the two
transportation operations. The parties of the meeting signed
companies concluded an agreement on the establishment of
a common statement.
a joint venture between JSC Lithuanian Railways and China
Merchants Logistics Holding that will be providing logistics
CO OPER ATION WITH T U RK E Y
CO OPER ATION WITH L AT VIA
On 21 January 2015, JSC Lithuanian Railways and the manag-
On 16–17 March 2015, Ugis Magonis, Director General of the
ers of a Turkish company GEFCO Taşımacılık ve Lojistik A.Ş.,
Latvian Railway company, and his delegation visited Vilnius.
visiting Vilnius, signed an agreements on forwarding services,
The delegations discussed the prospects for the transporta-
defining the relations between the Companies when trans-
tion of passengers on the route Šiauliai–Riga and other issues
porting freights and empty rolling stock by railways from
related to possible cooperation in the future. The two railway
Lithuania and other countries, and the procedure for settle-
companies agreed to jointly explore the possibilities to create
ment for the provided services. The forwarding contract con-
a service on the transportation of freight in the South-North
cluded with the Turkish company GEFCO will in the future
direction, as well as to exchange information and cooperate
ensure a flow of various equipment, metal articles and oth-
in promoting the growth in the volumes of freight and pas-
er goods in the direction of Lithuania and the Scandinavian
senger transportation by railways.
countries.
At the international transport and logistics exhibition Logitrans 2015 held on 18–20 November 2015, JSC Lithuanian
Railways signed freight forwarding contracts with the Turkish companies Gefco Taşımacılık ve Lojistik A.Ş., Dabkovich
Maritime Agencies AS and Gebrüder Weiss Nakliye ve Loj.
Hizm. Tic. Ltd. Şti. On the basis of such contracts, the parties will be offering to potential customers a wider range of
freight forwarding services in Turkey and attract new clients
and additional freight for the container train Vikingas.
33
CO OPER ATION WITH OTHER
FOREIG N S TATE S AND B USINE S S
PAR TNER S
PAR TIC IPATION IN INTERNATIONAL
ORG ANISATIONS
In 2015, the Company actively participated and defend-
On 21 January 2015, JSC Lithuanian Railways received in Vil-
ed its interests in a number of international organisations,
nius a delegation of the railway trade mission of the UK from
such as CER (the Community of European Railway and In-
the Railway Industry Association and the UK Trade and In-
frastructure Companies), UIC (International Union of Rail-
vestment Department of the UK, and thirteen companies, in-
ways), CIT (International Rail Transport Committee), OSJD
cluding such world-known names as AECOM, Pandrol and
(Organisation for Cooperation of Railways), CCTT (Coordi-
Tata Steel Rail. At the meeting the companies made pres-
nating Council on Trans-Siberian Transportation), GTT (CIS
entations of their activities, the railway transport production
Rail Transport Council), and the rail freight corridor North
and explored the possibilities for cooperation. Participants of
Sea–Baltic Sea. Managers and specialists of the Company
the meeting exchanged their contact data and established
attended the meetings, assemblies, sittings and workshops
business relations.
of the organisations and discussed important issues that
have a strategic impact on the performance of JSC Lithua-
Seeking to further develop its commercial activities and promote its services, while at the same time increasing its freight
flows, JSC Lithuanian Railways in 2015 participated in international transport shows in Istanbul (Eurasia Rail), Moscow
(TransRussia), Munich (Transport Logistic), Shanghai (Transport Logistic China), Russia (EXPO 1520), Almaty (Transit–
Kazakhstan), Gdansk (Trako 2015), Minsk (Transport&Logistics), Warsaw (TransPoland), and Istanbul (Logitrans).
nian Railways.
Human resources
and social initiatives
The staff of the Company consisted of 10,150 employees in 2015.
AVER AG E WAG E S AND L AB O U R
PROD U C TIVIT Y
E MPLOY EE TR AINING AND
CO OPER ATION WITH TR AINING
INS TIT U TIONS
At the Company significant attention is dedicated to the
In the period of 2015, the average wages of employees of JSC
training, professional development and re-qualification of its
Lithuanian Railways were EUR 1,026 (EUR 979 in 2014). As
employees. In 2015, training was provided to 5,704 employ-
compared to 2014, the average wages increased by EUR 47, or
ees, and the Company’s expenses for this purpose amounted
4.8%. The labour productivity in 2015 was EUR 44,000/per-
to EUR 234,700. In the 2015–2016 academic year 459 employ-
son, which compared to 2014 decreased by 3.3% (2014 – EUR
ees of JSC Lithuanian Railways were studying at high and
45,500/person).
higher educational institutions. In the autumn semester of
2015, the Company covered 50% of the training costs with
The labour productivity computed in terms of conditional
respect to 27 employees.
production in 2015 was estimated at 1,507,700 tkm/person; i.e.
1.8% higher than in 2014, when it was recorded at 1,480,600
Following the cooperation agreements signed with edu-
tkm/person.
cational institutions, students were accepted for practical
IMPROVE MENT OF WORK ING
CONDITIONS
placements, while teachers were seconded for internship.
In 2015, 594 students of high and higher education establishments were placed in practical training at the company, and
During 2015, JSC Lithuanian Railways allocated EUR 948,700
for the purpose of arranging working places, improving working conditions and acquiring health protection means. The
55 students participated in educational trips.
S O C IAL NEEDS OF THE E MPLOY EE S
Company’s allocations for health care purposes amounted to
EUR 126,730 (JSC Lithuanian Railways finances a mandatory
In order to address the social needs of the employees, the
periodic health check, and employees are vaccinated against
Company allocated EUR 1.5 m in 2015. The funds earmarked
tick-borne encephalitis and influenza).
for social needs are used to improve the quality of life of the
employees, develop their healthy lifestyle skills, and the pre-
The number of incidents and accidents at work in 2015 de-
vention, early diagnostics and efficient treatment of the most
creased compared to 2014 (17 incidents and accidents in 2014,
common diseases.
and 13 in 2015).
35
PROMOTION OF E MPLOY EE S AND
DE VELOPMENT OF THEIR S O C IAL
RE SP ONSIB ILIT Y
ty of Technology (KTU), when the KTU students were invited
to learn more about JSC Lithuanian Railways. The LRYO also
contributed to the celebration organised by the State Child
Rights Protection and Adoption Service under the Ministry
The Company employees are encouraged and rewarded for
of Social Security and Labour for facilities raising children
their good performance. Awards such as the Honour Sign
without parental care. Several employees of the Company
of the Railroader, the Company Sign for Merit, and annu-
helped with the daily work at Kaunas Zoo. The employees of
al nominations for teams and staff are usually presented on
JSC Lithuanian Railways at the administration of the Compa-
the occasion of the professional holiday of a rail road worker
ny and its entire structural division organised a campaign at
in June. The annual nominations to individual departments
which they sold home-made food products or donated them
and employees are awarded at the annual event at the end
to the “Food bank”. The women employees of the Company
of each year.
participated in the initiative ‘Give a dress – donate a celebration’, and for the entire December donated their dresses to
In 2015, JSC Lithuanian Railways was given quite a num-
members of the large family community ‘Vilniaus šeimyna’,
ber of awards in different areas. According to the CV Online
and the Lithuanian Red Cross Society. Railway workers are
opinion poll in January 2015, the company ranked first in the
active participants in blood donation days – several hundred
transport category of the overall contest ‘TOP employer 2014’.
of the Company’s employees donated blood to the National
Data of the opinion poll carried out by CV Market showed
Blood Centre.
that JSC Lithuanian Railways was one of the most attractive
employers (the survey ‘The most attractive employer in Lithuania 2015’). The Association of Human Resources Profes-
LABOUR PRODUCTIVIT Y EUR‘000/employee
sionals issued to the Company a certificate regarding the participation of JSC Lithuanian Railways in the 5th ‘Contest on
best practice in human resources management’ organised by
46.0
48.6
44.4
45.5
2013
2014
the Association of Human Resources Professionals. Further-
44.0
more, the Company was the winner in the XL entities category in the contest ‘The favourite company 2015’ organised by
the Lithuanian Business Confederation.
In the course of the year, employees of JSC Lithuanian Railways were active participants of different social campaigns
and activities: The Lithuanian Railroad Youth Organisation
(LRYO) largely contributed to the event ‘Electricity days’ organised by the Students’ Representation of Kaunas Universi-
2011
2012
2015
Major
events
On 26 February 2015, the Company started selling train
On June 2–4 , in relation to the celebration of the Interna-
tickets online. Passengers are asked to print the tickets ac-
tional day of safe traffic at crossings, employees of JSC Lith-
quired at the site www.traukiniobilietas.lt, or store them on
uanian Railways in cooperation with officers from the Lithu-
their smart devices.
anian Traffic Police Service arranged a campaign for drivers
and pedestrians, inviting all the participants to follow Traffic
On 26 February 2015, JSC Lithuanian Railways started pro-
Regulations when passing the crossings, and warning them
viding new services for the transportation of oversized and
of imminent dangers.
bulky freight. The non-standard freight is transported not
only in Lithuania, but also in the territories of European, the
June 19 marked the completion of the building of the Europe-
CIS and Baltic States.
an railway gauge in the Rail Baltica section from the Lithuanian and Polish State border to the Mockava railway station.
At the cross-border meeting of the members of the Vikingas
project held on April 15 in Vilnius, the Georgian Railways
On 31 July, the locomotive depot of Radviliškis celebrat-
company joined the international project Vikingas.
ed its 145th anniversary. The locomotive depot in Radviliškis
was built in 1870, in relation to building the railway line from
A special contained train VIT EKSPRES was launched be-
Liepoja (Latvia) to Romny (Ukraine). At the beginning of its
tween the container terminal of the Klaipėda Sea Port and
operation the depot had only 6 locomotives, and two dec-
the inter-modal terminal of the Vilnius public logistics centre
ades later the depot became the largest in the entire railway
on 6 May 2015.
of Liepoja – it then operated 41 freight and 10 passenger locomotives. In 2015, the traction rolling stock of the locomo-
On 12 May 2015, the Company carried out the first test of the
tive depot in Radviliškis consisted of 89 modern and new lo-
newly built European gauge from Kaunas to the Lithuanian
comotives, of which 38 powerful locomotives were Siemens
and Polish State border.
ER20CF.
May 26 was the date of the official opening of the Vilnius
On August 27, the first passenger train arrived from Poland
and Kaunas inter-modal terminals (VIT and KIT). The pro-
to Kaunas by the new gauge of Rail Baltica. The important
jected transhipment capacity of the Vilnius inter-modal ter-
passenger of the train was Catherine Trautmann, the new
minal is 100,000 TEU containers. The feature of the Kaunas
European Coordinator for the North Sea–Baltic core net-
inter-modal terminal is that it serves as a crossing point of
work corridor, of which Rail Baltic is a part. The intention of
the European standard gauge (1,435 mm), and the wide rail-
the Coordinator Catherine Trautmann was to assess the rail-
way gauge (1,520 mm). The value of the Vilnius inter-modal
way infrastructure in Lithuania and Poland, the construction
terminal is EUR 31.77 m, and the Kaunas inter-modal termi-
works under Rail Baltica in Lithuania, and the prospects for
nal is considered to be worth EUR 24.4 m. Nearly 85% of the
the further implementation of the project. Catherine Traut-
amounts were funded from the Cohesion Funds of the Euro-
mann was accompanied in her trip by representatives of the
pean Union. The VIT and KIT are the first objects of the logis-
Ministries of Communications and other transport institu-
tics centres built in Vilnius and Kaunas.
tions of Poland, Lithuania, Latvia, Estonia and Finland. Dur-
37
ing the journey the officials and specialists discussed the progress in the implementation of the Rail Baltica project and
completion of the project of the fast train from Kaunas to
Tallinn.
September 14 was the day of opening for the representative
office of JSC Lithuanian Railways in Astana (Kazakhstan).
The principal purpose of opening the representative office
was to increase the freight transportation from China via Kazakhstan and Lithuania to Europe, as well as in the opposite
direction.
On 18 September, a celebration at the Vilnius Railway Station marked the 155th anniversary of the arrival of the first
train to Lithuania.
On 1 October, JSC Lithuanian Railways completed implementation of the construction of the second track at the Vilnius bypass Kyviškės–Valčiūnai at the IXB Corridor; the value
of the project is in excess of EUR 50 m. The project was funded from European Union resources (85%) and own funds
from JSC Lithuanian Railways.
On 23 November, while attending the joint Lithuanian and
Chinese business forum in Beijing, the representatives of the
two companies concluded an agreement on the establishment of a joint venture between JSC Lithuanian Railways
and China Merchants Logistics Holding that will be providing logistics and forwarding services in Lithuania.
On 21 December, in relation to the contest ‘Top employer 2015’ the internet personnel selection company CV Online
awarded JSC Lithuanian Railways first place in the Transport
category.
Management
structure
MINISTRY OF TRANSPORT AND COMMUNICATIONS
OF THE REPUBLIC OF LITHUANIA
THE BOARD
HEAD OFFICE
FREIGHT
RAIL BALTICA PROJECT
DIRECTORATE
DIRECTORATE
RAILWAY INFRASTRUCTURE
INFORMATION TECHNOLOGY
DIRECTORATE
CENTRE
PASSENGER
DIRECTORATE
SUBSIDIARY
REPRESENTATIVE OFFICES IN
COMPANIES
FOREIGN COUNTRIES
Independent
auditor‘s report
39
Balance
sheet
Group
As of 31 December 2015
Company
(revised)
(revised)
ASSETS
A.
NON-CURRENT ASSETS
1,961,218,739 1,883,173,984 1,968,439,183 1,891,134,867
I.
INTANGIBLE ASSETS
18,061,050
II.
PROPERTY, PLANT AND EQUIPMENT
1,935,287,364
II.1.
Land and buildings
155,185,375
154,266,709
155,179,053
154,260,387
II.2.
Structures and machinery
517,238,578
453,698,579
510,048,121
447,897,368
II.3.
Vehicles
271,064,184
268,371,441
248,668,525
244,349,341
II.4.
Other equipment and tools
437,484,913
449,932,934
431,777,959
448,246,057
II.5.
Other property, plant and equipment
16,831,777
17,249,643
15,795,629
16,119,382
II.6.
Construction in progress and prepayments
522,668,458
512,406,704
527,433,602
515,320,075
II.7.
Investment property
13,918,234
1,135,923
14,028,784
887,102
II.7.1.
Buildings
895,845
1,193,762
895,845
1,193,762
III.
FINANCIAL ASSETS
895,845
1,193,762
895,845
1,193,762
III.1.
Investments into subsidiaries and associated companies
4,092,222
3,169,134
43,918,198
42,072,559
III.2.
Loans to associated companies,
subsidiaries and other companies
3,840,123
3,161,028
43,911,472
42,064,453
III.3.
Non-current receivables
252,099
8,106
6,726
8,106
IV.
OTHER NON-CURRENT ASSETS
3,778,103
3,342,668
3,547,802
3,138,400
IV.1.
Deferred income tax asset
3,778,103
3,342,668
3,547,802
3,138,400
IV.2.
Other non-current assets
-
-
-
-
B.
Current assets
116,574,579
154,228,639
96,685,422
126,179,633
I.
INVENTORIES AND PREPAYMENTS
55,340,629
60,676,549
46,420,893
48,050,388
I.1.
Inventories
51,663,183
56,543,927
44,725,712
45,244,784
I.2.
Non-current assets held for sale
819,783
967,540
819,783
967,540
I.3.
Prepayments
2,857,663
3,165,082
875,398
1,838,064
I.4.
Contracts in progress
-
-
-
-
II.
CURRENT RECEIVABLES
43,294,066
51,055,870
38,552,480
41,011,788
II.1.
Trade receivables
37,551,425
41,078,875
33,956,470
30,612,614
II.2.
Receivables from subsidiaries and associated companies
-
9,054
235,688
991,840
II.3.
Other receivables
5,742,641
9,967,941
4,360,322
9,407,334
III.
OTHER CURRENT ASSETS
3,258,029
-
3,231,803
-
III.1.
Other current assets
26,226
-
-
-
18,406,487
17,145,665
17,650,434
1,903,827,518 1,828,273,474
41
III.2.
Loans to associated companies,
subsidiaries and other companies
3,231,803
-
3,231,803
-
IV.
CASH AND CASH EQUIVALENTS
14,681,855
42,496,220
8,480,246
37,117,457
TOTAL ASSETS
2,077,793,318 2,037,402,623
2,017,314,500
C.
SHAREHOLDERS EQUITY
1,099,418,959 1,014,965,736
1,012,045,197
I.
EQUITY
1,057,387,313
940,557,173
1,057,387,313
940,557,173
I.1.
Share capital (subscribed)
1,057,386,401
940,556,070
1,057,386,401
940,556,070
I.2.
Share premium
912
1,103
912
1,103
II.
REVALUATION RESERVE (RESULTS)
-
-
-
-
III.
RESERVES
39,469,111
51,099,080
39,469,111
51,099,080
III.1.
Legal reserve
26,927,180
24,833,533
26,927,180
24,833,533
III.2.
Other reserves
12,541,931
26,265,547
12,541,931
26,265,547
IV.
RETAINED EARNINGS (DEFICIT)
2,562,535
23,309,483
1,749,354
20,388,944
IV.1.
Current year’s profit (loss)
668,893
19,375,995
2,776,251
20,388,944
IV.2.
Previous year’s profit (loss)
1,893,642
3,933,488
(1,026,897)
-
D.
GRANTS AND SUBSIDIES
576,611,299
574,116,466
576,409,815
573,834,365
E.
LIABILITIES
401,763,060
448,320,421
390,109,012
431,434,938
I.
NON-CURRENT LIABILITIES
307,237,902
294,145,103
299,233,219
291,552,829
I.1.
Financial borrowings
296,618,044
286,359,588
289,033,970
284,257,095
I.2.
Trade payables
1,860,921
124,800
1,946,605
124,800
I.3.
Provisions
8,675,451
7,660,715
8,169,158
7,170,934
I.4.
Other accounts payable and non-current liabilities
83,486
-
83,486
-
II.
CURRENT LIABILITIES
94,525,158
154,175,318
90,875,793
139,882,109
II.1.
Current portion of non-current borrowings
24,090,105
20,484,478
23,852,427
20,373,038
II.2.
Financial borrowings
380
4,379,164
-
-
II.3.
Trade payables
26,966,177
81,527,853,
19,891,543
65,447,182
II.4.
Accounts payable to subsidiaries and associated company
745,878
415,641
8,388,556
11,625,617
II.5.
Prepayments received
4,533,778
4,412,783
4,197,047
4,371,322
II.6.
Taxes payable
986,883
1,815,727
521,346
586,192
II.6.1.
Income tax liabilities
179,749
78,430
-
-
II.6.2.
Other taxes
807,134
1,737,297
521,346
586,192
II.7.
Labour-related liabilities
24,858,644
25,099,080
21,769,481
22,045,300
II.8.
Provisions
5,348,348
4,168,532
5,292,468
4,139,008
II.9.
Other accounts payable and current liabilities
6,994,965
11,872,060
6,962,925
11,294,450
TOTAL EQUITY AND LIABILITIES
2,077,793,318 2,037,402,623
2,017,314,500
Income
statement
Group
Company
2015
2014
2015
2014
I.
Sales
429,521,356
470,354,690
428,994,062
461,714,714
II.
Cost,of,sales
(360,019,782)
(388,318,462)
(362,804,941)
(384,872,870)
III.
GROSS,PROFIT
69,501,574
82,036,228
66,189,121
76,841,844
IV.
Operating,expenses
(69,549,336)
(59,307,658)
(64,632,797)
(53,336,122)
V.
PROFIT,FROM,OPERATIONS
(47,762)
22,728,570
1,556,324
23,505,722
VI.
OTHER,ACTIVITIES
VI.1.
Income,
7,718,661
10,249,827
7,583,235
10,222,527
VI.2.
Expenses
(868,283)
(1,071,646)
(824,827)
(1,039,594)
6,850,378
9,178,181
6,758,408
9,182,933
VII.
FINANCIAL,AND,INVESTMENT,ACTIVITIES
VII.1.
Income,
689,857
1,262,374
616,755
846,118
VII.2.
Expenses
(5,127,251)
(8,576,512)
(4,722,281)
(8,325,836)
(4,437,394)
(7,314,138)
(4,105,526)
(7,479,718)
VIII.
PROFIT,FROM,ORDINARY,ACTIVITIES
2,365,222
24,592,613
4,209,206
25,208,937
IX.
Extraordinary,gain,
-
-
-
-
X.
Extraordinary,loss,
-
-
-
-
XI.
PROFIT,BEFORE,TAX
2,365,222
24,592,613
4,209,206
25,208,937
XII.
Income,tax
(1,696,329)
(5,216,618)
(1,432,955)
(4,819,993)
XIII.
NET,PROFIT
668,893
19,375,995
2,776,251
20,388,944
AB Lietuvos Geležinkeliai
Mindaugo g. 12, Vilnius LT- 03603 , Lithuania
Fax. +370 5 269 21 28
[email protected]
www.litrail.lt

annual report 2015 - Lietuvos geležinkeliai

Transcription

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