TOP 101 - 2017

Place in the TOP of 2017Company nameEnterprise value* in 2017, EUR millionChange in the value, %
1LATVENERGO, AS (K)1746.9934%
2LATVIJAS VALSTS MEŽI, AS (K)893.118%
3MIKROTĪKLS, SIA689.3465%
4LATVIJAS DZELZCEĻŠ, VAS (K)643.7015%
5SWEDBANK, AS (K)635.75-24%
6LATTELECOM, SIA (K)468.064%
7RIMI LATVIA, SIA447.0537%
8VENTSPILS NAFTA, AS (K)1432.42-9%
9RIETUMU BANKA, AS (K)394.2533%
10SEB BANKA, AS (K)387.5420%
11KRONOSPAN RIGA, SIA376.3231%
12OLAINFARM, AS (K)354.142%
13MAXIMA LATVIJA, SIA353.8631%
14LATVIJAS MOBILAIS TELEFONS, SIA (K)338.05-7%
15REPHARM, AS (K)306.3723%
16LATVIJAS FINIERIS, AS (K)290.7216%
17OLYMPIC CASINO LATVIA, SIA274.4133%
18ABLV BANK, AS (K)272.6246%
19LUMINOR BANK, AS (K)2261.0437%
20ALFOR, SIA260.4737%
21STARPTAUTISKĀ LIDOSTA RĪGA, VAS246.6614%
22URALCHEM TRADING, SIA (K)232.68-10%
23CIRCLE K LATVIA, SIA228.920%
24CITADELE BANKA, AS (K)221.7947%
25ELKO GRUPA, AS (K)220.3544%
26RĪGAS TIRDZNIECĪBAS OSTA, SIA (K)219.86-31%

"(K)" placed after company names indicates that consolidated annual reports were used in preparation for the TOP.

AS "Latvijas Gāze" has not been included in TOP101 due to the fact that on April 3, 2017 natural gas transfer and storage services have been separated from AS "Latvijas Gāze" to the new company AS "Conexus Baltic Grid", thus making essential changes in business model of AS "Latvijas Gaze". Respecticely financial indicators of AS "Latvijas Gaze" for 2016 cannot be used for determination of AS "Latvijas Gāze" value for the needs of TOP101 for year 2017.

* TOP 101 presents enterprise value, except for banks, other credit institutions and insurance companies for which the respective colum presents equity value.

** For banks, other credit institutions and insurance companies, the column presents book value of total assets as at the end of 2016.

** For banks, other credit institutions and insurance companies, the column presents book value of shareholders' equity as at the end of 2016.

1 Consolidation includes ""Ventspils nafta" termināls" Ltd., "LatRosTrans" Ltd. and  JSC "Latvijas Kuģniecība".

2 The company name is now changed from JSC "DNB banka" to JSC "Luminor Bank". The equity value is calculated based on JSC "DNB banka" consolidated annual report of 2016.

3 Turnover and normalized EBITDA for the period 15.07.2015 - 31.12.2016.

4 "Tele2" Ltd. is new in TOP only technically, as last year it was included in the consolidatated annual report of "Tele2 Holdings" Ltd., which is now reorganized.