14. starptautiskā konference 2012 - Latvijas Jūras akadēmija

EBIDTA, mln. LtEBIDTA, mln. LtProceedings of 14th International conference „Maritime Transport and Infrastructure - 2012”2009. In 2009 they decreased to 0. As AB DFDS SEAWAYS transferred ship`s costs to Danishpeople, there is no fuel costs in the financial statement of patronizing company.EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) is called a profitbefore interest, taxes, depreciation and amortization. EBITDA is widely used as it reflects theactivities of a company clearer without the inclusion of costs as they „do not take part“ in the mainactivities. In order to determine the dependence of EBITDA on costs, correlation and regressionanalysis was made. Investigation of chartering costs and wages was executed.3025201510y = -0,3579x + 49,0135R² = 0,84070 90 110 130Chartering costs, mln. Lt302520151050y = -3,7792x + 83,211R² = 0,9714 16 18 20 22Wages, mln. Lta) b)Fig. 4 The impact of costs on EBITDAa) The impact of chartering costs on EBITDA; b) The impact of wages on EBITDAEBITDA relation with chartering costs linear dependence is y = -0,3579x + 49,013. EBIDTA84% (R 2 =0,84) relay on chartering costs. Having decreased chartering costs by 1 mln. Lt, EBITDAincreases by 0,36 mln. Lt. If it were possible to decrease chartering costs by 10%, EBITDA wouldreach 9,53 mln. That prove relation chartering costs and EBIDTA (fig. 4. a). Increasing of costdecrease EBITDA (correlation coefficient r=-0,9). To balance impact of chartering cost it’s necessaryto optimize chartering costs. EBITDA 97% related to the wages costs (fig. 4. b), correlation coefficientr=-0,98. Lithuanian wage policy is to increase minimal wage about 25%, that increase total shippingcosts, and EBIDTA will decrease more intensive. Having decreased wages costs by 2 mln. Lt,EBITDA increases by 7,4 mln. Lt.ConclusionsThe costs of liner shipping companies consists of current ship`s costs, sailing costs, costsconnected with cargo and capital costs of a ship owner. The decisions of a ship owner determine thedecrease of costs.The impact on the formation of EBITDA of chartering costs is 84%. Lt. Optimisation ofchartering costs during several years might stabilise losses made by the accident of LISCO GLORIA.The impact on the formation of EBITDA of wages is 97%. To minimize impact of wages increasingfor EBIDTA its necessary to improving efficiency of human recourses of company. Therefore, ABDFDS SEAWAYS would be made to increase the tariffs for services.References1. AB DFDS SEAWAYS Financial reports 2007-2010 .2. S. Harwood. Shipping Finance, 3rd edition. - London: Euromoney books, 2009.3. L. Turkina, J. Belova. Laivybos rinka: ekonominiai ir organizaciniai pagrindai. - Klaipėda: KU, 2008.4. L. Turkina, J. Belova. Laivybos ekonomika: nuo teorijos prie praktikos. - Klaipėda: KU, 2009.142