Būsto paskolų draudimas
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% |
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 |
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 |
| 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
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
Expectations of the state
Target return on equity undefined
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%
ROE
1.8%
Number of employees
22
Financial data provided as at end-December 2019
Management
- Sigitas ŽutautasDirector General
Information as of: 2020/10/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Žaneta KovaliovaUP CONSULTING GROUP LTD; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Darius IndriūnasUAB Auroch investments; Independent member
- Aušra VičkačkienėMinistry of Finance
- Lolita ŠumskaitėMinistry of Finance
- Žana KraučenkienėUAB Effectum LT; Independent member
Information as of: 2020/10/01
