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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

2017 2018 2019 2020
Revenue 719 621 528 412
Cost of goods sold 480 249 162 -1,988
Gross profit (loss) 239 372 366 2,400
Gross profit margin 33% 60% 69% 583%
Operating expenses 842 771 771 817
Operating profit (loss) -603 -399 -405 1,583
Operating profit margin -84% -64% -77% 384%
EBITDA -571 -377 -273 1,598
EBITDA margin -79% -61% -52% 388%
Net profit (loss) 60 58 209 1,733
Net profit margin 8% 9% 40% 421%
2018-06 2019-06 2020-06 2021-06
Revenue 362 256 308 151
Cost of goods sold -1,489 -217 -81 -248
Gross profit (loss) 1,851 473 389 399
Gross profit margin % % 185% 264%
Operating expenses 409 370 408 353
Operating profit (loss) 1,442 103 -19 45
Operating profit margin % % 40% 30%
EBITDA 109 52
EBITDA margin % % 43% 34%
Net profit (loss) 1,570 184 165 219
Net profit margin % % 72% 145%

* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 17,782 14,337 10,932 674
Intangible assets 1 0 0 1
Tangible assets 1,936 1,894 1,423 641
Financial assets 15,846 12,443 9,508 33
Other non-current assets
Current assets 985 1,800 2,507 13,456
Inventories and prepaid expenses 5 3 1 328
Accounts receivable in one year 249 87 67 8,811
Other current assets
Cash and cash equivalents 732 1,709 2,439 4,316
Total assets 18,769 16,141 13,442 14,132
Equity 3,597 3,654 3,863 5,597
Grants and subsidies
Liabilities 15,159 12,475 9,567 8,524
Financial liabilities 7,689 6,372 4,372 4,372
Long-term liabilities 9,556 2,666 6,912 4,372
Short-term liabilities 2,037 6,973 226 2,153
Equity and liabilities 18,769 16,141 13,442 14,132
2019-06 2020-06 2021-06
Non-current assets 12,489 9,528 617
Intangible assets 0 0 1
Tangible assets 1,550 1,032 584
Financial assets 10,938 8,496 33
Other non-current assets
Current assets 1,363 3,378 13,171
Inventories and prepaid expenses 2 2 329
Accounts receivable in one year 80 60 8,218
Other current assets
Cash and cash equivalents 1,281 3,315 4,624
Total assets 13,856 12,909 13,793
Equity 3,838 3,886 5,816
Grants and subsidies
Liabilities 10,018 9,012 7,973
Financial liabilities 4,372 4,372 4,372
Long-term liabilities 7,020 6,612 4,372
Short-term liabilities
Equity and liabilities 13,856 12,909 13,793

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 1% 13%
Return on equity (ROE) 2% 2% 6% 37%
Return on capital employed (ROCE) -7% -9% -4% 26%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 2.14 1.74 1.13 0.78
Current Ratio 0.48 0.26 11.10 6.25
Quick ratio 0.48 0.26 11.09 6.10
Turnover ratios
Asset turnover 0.04 0.04 0.04 0.03
Fixed asset turnover 0.04 0.04 0.04 0.07
Equity turnover 0.20 0.17 0.14 0.09
Profitability ratios
EBITDA margin -79% -61% -52% 388%
Operating profit margin -84% -64% -77% 384%
Net profit margin 8% 9% 40% 421%
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

2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) 0% % % 13%
Return on equity (ROE) 2% % % 37%
Return on capital employed (ROCE) -7% -0% 2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 2.14 1.13 0.75
Current Ratio 0.48
Quick ratio 0.48
Turnover ratios
Asset turnover 0.04 0.04 0.02 0.01
Fixed asset turnover 0.04 0.04 0.03 0.03
Equity turnover 0.20 0.13 0.08 0.03
Profitability ratios
EBITDA margin -79% % 43% 34%
Operating profit margin -84% % 40% 30%
Net profit margin 8% % 72% 145%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

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

36.6%

Number of employees

21

Financial data provided as at end-December 2020

Management

  • Egidijus VeličkaDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Žana KraučenkienėUAB Effectum LT; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Darius IndriūnasUAB Auroch investments; Independent member
  • Audrutė DziskienėMinistry of Finance
  • Lolita ŠumskaitėMinistry of Finance
  • Šarūnas Nedzinskas UAB Logos Data; Independent member

Information as of: 2021/10/01