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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB “Būsto paskolų draudimas” was established in 1998 to partially solve the house financing problem and to stir the real estate market. The company prohibits home loans, including citizens eligible for state support and modernization of multi-apartment buildings, thereby participating in a multi-apartment building modernization program.

 

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 750 719 621 528
Cost of goods sold 1,058 480 249 162
Gross profit (loss) -308 239 372 366
Gross profit margin -41% 33% 60% 69%
Operating expenses 849 842 771 771
Operating profit (loss) -1,156 -603 -399 -405
Operating profit margin -154% -84% -64% -77%
EBITDA -1,132 -571 -377 -273
EBITDA margin -151% -79% -61% -52%
Net profit (loss) 13 60 58 66
Net profit margin 2% 8% 9% 12%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 382 362 256 308
Cost of goods sold -642 -1,489 -217 -81
Gross profit (loss) 1,024 1,851 473 389
Gross profit margin 268% 511% 185% 126%
Operating expenses 441 409 370 408
Operating profit (loss) 583 1,442 103 -18
Operating profit margin 153% 398% 40% -6%
EBITDA 7,583 1,448 109 -12
EBITDA margin 1985% 400% 43% -4%
Net profit (loss) 184 165
Net profit margin 184% 434% 72% 54%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2016 2017 2018 2019
Non-current assets 21,364 17,782 14,337 10,789
Intangible assets 1 1 0 0
Tangible assets 1,944 1,936 1,894 1,280
Financial assets 19,418 15,846 12,443 9,508
Other non-current assets
Biological assets
Current assets 486 985 1,800 2,507
Inventories and prepaid expenses 3 5 3 1
Accounts receivable in one year 227 249 87 67
Other current assets
Cash and cash equivalents 255 732 1,709 2,439
Total assets 21,852 18,769 16,141 13,299
Equity 3,537 3,597 3,654 3,720
Minority share of capital
Grants and subsidies
Liabilities 18,300 15,159 12,475 9,567
Financial liabilities 7,241 7,689 6,372 4,372
Long-term liabilities 11,008 9,556 2,666 6,912
Short-term liabilities 2,226 2,037 6,973 226
Equity and liabilities 21,852 18,769 16,141 13,299
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 19,853 17,494 12,489 9,528
Intangible assets 1 1 0 0
Tangible assets 1,674 2,021 1,550 1,032
Financial assets 18,178 15,472 10,938 8,496
Other non-current assets
Biological assets
Current assets 1,218 632 1,363 3,378
Inventories and prepaid expenses 9 2 2 2
Accounts receivable in one year 417 163 80 60
Other current assets 1
Cash and cash equivalents 792 466 1,281 3,315
Total assets 21,071 18,126 13,856 12,909
Equity 4,239 5,166 3,838 3,886
Minority share of capital
Grants and subsidies
Liabilities 16,832 12,960 10,018 9,012
Financial liabilities 6,372 4,372 4,372
Long-term liabilities 16,694 12,786 7,020 6,612
Short-term liabilities 138 174 414 290
Equity and liabilities 21,071 18,126 13,856 12,909

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 2% 2% 2%
Return on capital employed (ROCE) -12% -7% -9% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 2.05 2.14 1.74 1.18
Current Ratio 0.22 0.48 0.26 11.09
Quick ratio 0.22 0.48 0.26 11.09
Turnover ratios
Asset turnover 0.03 0.04 0.04 0.04
Fixed asset turnover 0.03 0.04 0.04 0.04
Equity turnover 0.21 0.20 0.17 0.14
Profitability ratios
EBITDA margin -151% -79% -61% -52%
Operating profit margin -154% -84% -64% -77%
Net profit margin 2% 8% 9% 12%
Other ratios
Dividends to the State
Dividends paid / net profit

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 0% 5% -8% 0%
Return on equity (ROE) 2% 20% -30% 1%
Return on capital employed (ROCE) -7% 16% 2% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 2.14 1.23 1.14 1.13
Current Ratio 0.48 3.63 3.29 11.66
Quick ratio 0.48 3.62 3.29 11.65
Turnover ratios
Asset turnover 0.04 0.02 0.02 0.02
Fixed asset turnover 0.04 0.02 0.02 0.03
Equity turnover 0.20 0.08 0.06 0.08
Profitability ratios
EBITDA margin -79% 400% 43% -4%
Operating profit margin -84% 398% 40% -6%
Net profit margin 8% 434% 72% 54%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2019 m. 6 mėn. tarpinės ataskaitos 2019 m. metinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. metinės ataskaitos 2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 3 mėn. tarpinės ataskaitos 2012 m. 6 mėn. tarpinės ataskaitos 2012 m. 9 mėn. tarpinės ataskaitos
2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos 2011 m. 6 mėn. tarpinės ataskaitos 2011m. 9 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

About the company

  • Official nameUAB „Būsto paskolų draudimas“
  • Legal formPrivate limited liability company (UAB)
  • Company code110076079
  • SectorOther
  • Line of businessMortgage insurance
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
http://www.bpd.lt/
ROE

1.8%

Number of employees

22

Financial data provided as at end-December 2019