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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.

          2021/22 GOOD CORPORATE GOVERNANCE INDEX       

          2020/21 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

2019 2020 2021 2022
Revenue 528 412 263 211
Cost of goods sold 162 -1,988 -222 1,501
Gross profit (loss) 366 2,400 485 -1,290
Gross profit margin 69% 583% 184% -613%
Operating expenses 771 817 806 659
Operating profit (loss) -405 1,583 -321 -1,950
Operating profit margin -77% 384% -122% -926%
EBITDA -273 1,598 -306 522
EBITDA margin -52% 388% -116% 248%
Net profit (loss) 209 1,733 25 156
Net profit margin 40% 421% 9% 74%
2019-06 2020-06 2021-06 2022-06
Revenue 256 308 151 136
Cost of goods sold -217 -81 -248 -428
Gross profit (loss) 473 389 399 563
Gross profit margin % % % %
Operating expenses 370 408 353 335
Operating profit (loss) 103 -19 45 228
Operating profit margin % % % %
EBITDA 109 -12 52 3,029
EBITDA margin 43% -4% 35% 2234%
Net profit (loss) 184 165 219 3,082
Net profit margin 72% 54% 145% 2273%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 10,932 674 482 429
Intangible assets 0 1 1 0
Tangible assets 1,423 641 448 429
Financial assets 9,508 33 34
Other non-current assets
Current assets 2,507 13,456 10,706 9,945
Inventories and prepaid expenses 1 328 419 0
Accounts receivable in one year 67 8,811 8,386 47
Other current assets
Cash and cash equivalents 2,439 4,316 1,902 9,897
Total assets 13,442 14,132 19,722 10,378
Equity 3,863 5,597 5,621 5,777
Grants and subsidies
Liabilities 7,138 6,525 1,777 1,765
Financial liabilities 4,372 4,372 0 0
Long-term liabilities 6,912 4,372
Short-term liabilities 226 2,153 1,777 1,765
Equity and liabilities 13,442 14,132 19,722 10,378
2020-06 2021-06 2022-06
Non-current assets 9,528 617 472
Intangible assets 0 1 1
Tangible assets 1,032 584 437
Financial assets 8,496 33 34
Other non-current assets
Current assets 3,378 13,171 10,404
Inventories and prepaid expenses 2 329 93
Accounts receivable in one year 60 8,218 87
Other current assets
Cash and cash equivalents 3,315 4,624 10,224
Total assets 12,909 13,793 10,881
Equity 3,886 5,816 8,703
Grants and subsidies
Liabilities 9,012 7,973 2,178
Financial liabilities 4,372 4,372
Long-term liabilities 6,612 4,372
Short-term liabilities 290 2,014 1,253
Equity and liabilities 12,909 13,793 10,881

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% 13% 0% 1%
Return on equity (ROE) 6% 37% 0% 3%
Return on capital employed (ROCE) -4% 16% -6% -34%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.33 0.31 0.00 0.00
Current Ratio 11.10 6.25 6.02 5.63
Quick ratio 11.09 6.10 5.79 5.63
Turnover ratios
Asset turnover 0.04 0.03 0.01 0.02
Fixed asset turnover 0.05 0.61 0.55 0.49
Equity turnover 0.14 0.07 0.05 0.04
Profitability ratios
EBITDA margin -52% 388% -116% 248%
Operating profit margin -77% 384% -122% -926%
Net profit margin 40% 421% 9% 74%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* Left axis

** Right axis

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

2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 1% % 11% 23%
Return on equity (ROE) 6% % 32% 40%
Return on capital employed (ROCE) -4% -0% 1% 63%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.13 0.75
Current Ratio 11.10 11.66 6.54 8.30
Quick ratio 11.09 11.65 6.38 8.23
Turnover ratios
Asset turnover 0.04 0.05 0.01 0.01
Fixed asset turnover 0.04 0.06 0.03 0.25
Equity turnover 0.14 0.16 0.03 0.02
Profitability ratios
EBITDA margin -52% -4% 35% 2234%
Operating profit margin -77% % % %
Net profit margin 40% 54% 145% 2273%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
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

2.7%

Number of employees

12

Financial data provided as at end-December 2022

Management

  • Egidijus VeličkaChief Executive Officer

Information as of: 2023/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Šarūnas NedzinskasIndependent member, UAB "Saldo Bank"

MEMBERS OF THE BOARD OF DIRECTORS

  • Giedrė GečiauskienėIndependent member
  • Saulius JokubaitisIndependent member, UAB "SB draudimas"
  • Vilija PetronienėMinistry of Finance
  • Lolita ŠumskaitėMinistry of Finance

Information as of: 2023/09/01