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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB Būsto paskolų draudimas was established in 1998 with the aim of partially solving the problem of housing finance and boosting the real estate market. The company insured housing loans, including those of citizens entitled to state support, and loans for the modernisation of multi-apartment buildings, thereby participating in the modernisation programme for multi-apartment buildings. Currently, the Company provides insurance protection services under credit insurance contracts concluded in favour of banks or other credit institutions registered in the Republic of Lithuania, which have entered into cooperation agreements with the Company, and is seeking to transfer its rights and obligations under the insurance contracts in accordance with the obligation of the Bank of Lithuania.


          2023/24 GOOD CORPORATE GOVERNANCE INDEX

                


          2022/23 GOOD CORPORATE GOVERNANCE INDEX       

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 412 263 211 481
Cost of goods sold -1,988 -222 1,501 80
Gross profit (loss) 2,400 485 -1,290 400
Gross profit margin 583% 184% -613% 83%
Operating expenses 817 806 659 531
Operating profit (loss) 1,583 -321 -1,950 -130
Operating profit margin 384% -122% -926% -27%
EBITDA 1,598 -306 522 -117
EBITDA margin 388% -116% 248% -24%
Net profit (loss) 1,733 25 156 27
Net profit margin 421% 9% 74% 6%
2020-06 2021-06 2022-06 2023-06
Revenue 308 151 136 51
Cost of goods sold -81 -248 -428 -40
Gross profit (loss) 389 399 563 91
Gross profit margin 126% 264% 415% 179%
Operating expenses 408 353 335 248
Operating profit (loss) -18 45 228 -157
Operating profit margin -6% 30% 168% -311%
EBITDA -12 52 3,029 -151
EBITDA margin -4% 35% 2234% -298%
Net profit (loss) 165 219 3,082 -157
Net profit margin 54% 145% 2273% -310%

Balance sheet

2020 2021 2022 2023
Non-current assets 674 482 429 416
Intangible assets 1 1 0 0
Tangible assets 641 448 429 416
Financial assets 33 34
Other non-current assets
Current assets 13,456 10,706 9,945 9,035
Inventories and prepaid expenses 328 419 0 216
Accounts receivable in one year 8,811 8,386 47 186
Other current assets
Cash and cash equivalents 4,316 1,902 9,897 8,633
Total assets 14,132 19,722 10,378 9,454
Equity 5,597 5,621 5,777 5,803
Grants and subsidies
Liabilities 6,525 1,777 1,765 1,183
Financial liabilities 4,372 0 0 0
Long-term liabilities 4,372
Short-term liabilities 2,153 1,777 1,765 1,183
Equity and liabilities 14,132 19,722 10,378 9,454
2020-06 2021-06 2022-06 2023-06
Non-current assets 9,528 617 472 422
Intangible assets 0 1 1
Tangible assets 1,032 584 437 422
Financial assets 8,496 33 34
Other non-current assets 0
Current assets 3,378 13,171 10,404 9,214
Inventories and prepaid expenses 2 329 93 98
Accounts receivable in one year 60 8,218 87 125
Other current assets 0 7,980
Cash and cash equivalents 3,315 4,624 10,224 1,011
Total assets 12,909 13,793 10,881 9,641
Equity 3,886 5,816 8,703 5,620
Grants and subsidies 0
Liabilities 6,902 6,386 1,253 1,309
Financial liabilities 4,372 4,372 0 0
Long-term liabilities 6,612 4,372 0 0
Short-term liabilities 290 2,014 1,253 1,309
Equity and liabilities 12,909 13,793 10,881 9,641

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 13% 0% 1% 0%
Return on equity (ROE) 37% 0% 3% 0%
Return on capital employed (ROCE) 16% -6% -34% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.31 0.00 0.00 0.00
Current Ratio 6.25 6.02 5.63 7.64
Quick ratio 6.10 5.79 5.63 7.46
Turnover ratios
Asset turnover 0.03 0.01 0.02 0.05
Fixed asset turnover 0.61 0.55 0.49 1.16
Equity turnover 0.07 0.05 0.04 0.08
Profitability ratios
EBITDA margin 388% -116% 248% -24%
Operating profit margin 384% -122% -926% -27%
Net profit margin 421% 9% 74% 6%
Other ratios
Dividends to the State 0.00 0.00 0.00 8.90
Dividends paid / net profit 0.00 0.00 0.00 0.33
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 0% 13% 23% -30%
Return on equity (ROE) 1% 37% 40% -43%
Return on capital employed (ROCE) -0% 0% 3% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.34 0.32 0.00 0.00
Current Ratio 11.66 6.54 8.30 7.04
Quick ratio 11.65 6.38 8.23 6.97
Turnover ratios
Asset turnover 0.02 0.01 0.01 0.01
Fixed asset turnover 0.03 0.24 0.29 0.12
Equity turnover 0.08 0.03 0.02 0.01
Profitability ratios
EBITDA margin -4% 35% 2234% -298%
Operating profit margin -6% 30% 168% -311%
Net profit margin 54% 145% 2273% -310%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

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/
Return to the State

9 EUR thousand

ROE

0.5%

Number of employees

12

Financial data provided as at end-December 2023

Management

  • Egidijus VeličkaChief Executive Officer

Information as of: 2024/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Šarūnas NedzinskasIndependent member; UAB Saldo Bank

MEMBERS OF THE BOARD OF DIRECTORS

  • Giedrė GečiauskienėIndependent member; UAB ILTE
  • Saulius JokubaitisIndependent member
  • Vilija PetronienėMinistry of Finance; VšĮ Indėlių ir investicijų draudimas
  • Lolita ŠumskaitėMinistry of Finance

Information as of: 2024/10/01