Srbijagas

Last updated
Srbijagas
Native name
Србијагас
Type State-owned enterprise
Industry Natural gas
PredecessorNIS-Gas
Founded1 October 2005;18 years ago (2005-10-01)
Headquarters
Narodnog fronta 12, Novi Sad
,
Serbia
Area served
Serbia
Key people
 Dušan Bajatović (General director)
Blaženka Mandić (Deputy general director)
ServicesDistribution of natural gas
RevenueIncrease2.svg €788.53 million (2019) [1]
Decrease2.svg €0.11 million (2019) [1]
Total assets Increase2.svg €1.819 billion (2019) [2]
Total equity Increase2.svg €1.095 billion (2019) [2]
Owner Government of Serbia (100%)
Number of employees
4,234 (2019)
Subsidiaries Subsidiaries
Website www.srbijagas.com
Footnotes /references
Business ID: 20084600
Tax ID: 104056656 [3]

Srbijagas (full legal name: J.P. Srbijagas Novi Sad) is the state-owned natural gas provider in Serbia with headquarters in Novi Sad.

Contents

History

Srbijagas was established on 1 October 2005 as a result of restructuring the integrated petroleum company NIS. The company was created on the basis of NIS divisions NIS-Gas and NIS-Energogas. [4]

In 2013, the government of Serbia decided to split Srbijagas into two separate companies because of its mounting debt and unsustainable business practices. Since 2013, the transportation and storage units have been operated by Transgas AD, while trade and distribution have continued to be operated by the Srbijagas AD. [5]

Subsidiaries

Financial data

At the end of 2011, the company's total equity was US$443.38 million and after one year it dropped to only US$15.86 million, making the company for the first time unprofitable, mainly because of differences in cost and selling price.

In April 2013, Minister of Energy, Development and Environmental Protection, Zorana Mihajlović stated that Srbijagas has debt of more than €1 billion. [6] [7]

In June 2014, it was once again named the most unprofitable state-owned company, making annual net loss of €443.14 million for the calendar year of 2013. [8]

For the calendar year of 2014, Srbijagas finished with the yet another annual net loss of €372.33 million. [9]

For the calendar year of 2015, Srbijagas managed to severely cut total net loss from the past year to just €2.98 million. [10] After several years of posting annual net losses, Srbijagas finished 2016 calendar year with the annual net profit of €13.78 million. [10]

See also

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References

  1. 1 2 "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2019) - Србијагас". apr.gov.rs (in Serbian). Retrieved 26 December 2020.
  2. 1 2 "КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2019) - Србијагас". apr.gov.rs (in Serbian). Retrieved 26 December 2020.
  3. ↑ "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 28 February 2018.
  4. ↑ "Istorijat" (in Serbian). Srbijgas.com. Retrieved 24 April 2013.
  5. ↑ "Serbia to Split Up Srbijagas, Reschedule Its $1.5 Billion Debt". Bloomberg. 23 April 2013. Retrieved 24 April 2013.
  6. ↑ ""Srbijagas" duguje milijardu evra". RTS (in Serbian). Retrieved 3 August 2013.
  7. ↑ ""Srbijagas" duguje milijardu evra". b92.net (in Serbian). Retrieved 3 August 2013.
  8. ↑ "Srbijagas najgori, NIS najbolji". b92.net (in Serbian). apr.rs. Retrieved 17 June 2014.
  9. ↑ "Najveću dobit ostvario NIS, gubitke Srbijagas, Lukoil i Železnice". rts.rs (in Serbian). 2 January 2016. Retrieved 13 November 2017.
  10. 1 2 "КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2016) - Србијагас". apr.gov.rs (in Serbian). Retrieved 13 November 2017.


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