Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB ,,Genetiniai ištekliai“ carries out its continuous activities t. y. breeding of promising beef and dairy cattle; seed production of cereals, fiber and oilseeds, experimental, educational and experimental economic activities, protects and breeds gene-stocked Lithuanian black-headed sheep by the closed population method. Created and expands the selection nucleus of Lithuanian local coarse sheep, performs controlled fattening of lambs.

          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

2021 2022 2023 2024
Revenue 2,471 2,750 2,437 2,395
Cost of goods sold 2,209 2,454 2,328 2,091
Gross profit (loss) 262 296 109 304
Gross profit margin 11% 11% 4% 13%
Operating expenses 196 214 273 300
Operating profit (loss) 190 -287 -350 0
Operating profit margin 3% 3% -7% 0%
EBITDA 213 273 200 192
EBITDA margin 9% 10% 8% 8%
Net profit (loss) 86 113 34 21
Net profit margin 3% 4% 1% 1%
2021-06 2022-06 2023-06 2024-06
Revenue 794 976 925 838
Cost of goods sold 685 797 1,330 1,229
Gross profit (loss) 109 179 -405 -391
Gross profit margin 14% 18% -44% -47%
Operating expenses 91 103 122 159
Operating profit (loss) 18 76 -528 -550
Operating profit margin 2% 8% -57% -66%
EBITDA 93 180 -447 -468
EBITDA margin 12% 18% -48% -56%
Net profit (loss) 21 90 -446 -527
Net profit margin 3% 9% -48% -63%

* Left axis

** Right axis

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

Balance sheet

2021 2022 2023 2024
Non-current assets 2,180 2,132 2,034 1,979
Intangible assets 1 0 0 0
Tangible assets 1,758 1,636 1,478 1,377
Financial assets 179 252 311 333
Other non-current assets 243 245 245 268
Current assets 1,183 1,316 1,260 1,304
Inventories and prepaid expenses 665 882 802 1,005
Accounts receivable in one year 349 276 353 84
Other current assets 0 0
Cash and cash equivalents 169 158 105 215
Total assets 3,381 3,465 3,312 3,302
Equity 2,648 2,668 2,615 2,600
Grants and subsidies 390 339 294 251
Liabilities 342 459 403 451
Financial liabilities 139 100 59 52
Long-term liabilities 100 59 18 20
Short-term liabilities 243 399 385 432
Equity and liabilities 3,381 3,465 3,312 3,302
2021-06 2022-06 2023-06 2024-06
Non-current assets 2,503 2,132 2,232 2,053
Intangible assets 1 0 0
Tangible assets 1,854 1,706 1,555 1,462
Financial assets 316 179 428 333
Other non-current assets 332 248 250 258
Current assets 19 20 19 20
Inventories and prepaid expenses 1,030 834 961 720
Accounts receivable in one year 127 608 285 50
Other current assets 0
Cash and cash equivalents 130 276 157 287
Total assets 3,809 3,869 3,654 3,130
Equity 2,579 2,669 2,635 2,052
Grants and subsidies 423 366 316 273
Liabilities 807 835 703 805
Financial liabilities 158 119 80 114
Long-term liabilities 139 100 59 73
Short-term liabilities 668 735 643 732
Equity and liabilities 3,809 3,869 3,654 3,130

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

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) 2% 3% 1% 1%
Return on equity (ROE) 3% 4% 1% 1%
Return on capital employed (ROCE) 2% 3% -6% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.03 0.02 0.02
Current Ratio 4.88 3.30 3.27 3.02
Quick ratio 2.13 1.09 1.19 0.69
Turnover ratios
Asset turnover 0.73 0.79 0.74 0.73
Fixed asset turnover 1.13 1.29 1.20 1.21
Equity turnover 0.93 1.03 0.93 0.92
Profitability ratios
EBITDA margin 9% 10% 8% 8%
Operating profit margin 3% 3% -7% 0%
Net profit margin 3% 4% 1% 1%
Other ratios
Dividends to the State 69.30 87.19 35.56 21.24
Dividends paid / net profit 0.81 0.77 1.03 1.03

* Left axis

** Right axis

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

2021-06 2022-06 2023-06 2024-06
Capital return ratios
Return on assets (ROA) 3% 4% -12% -1%
Return on equity (ROE) 5% 6% -17% -2%
Return on capital employed (ROCE) 1% 3% -20% -26%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.03 0.02 0.04
Current Ratio 1.92 2.34 2.18 1.44
Quick ratio 0.38 1.20 0.69 0.46
Turnover ratios
Asset turnover 0.21 0.25 0.25 0.27
Fixed asset turnover 0.32 0.46 0.41 0.41
Equity turnover 0.31 0.37 0.35 0.41
Profitability ratios
EBITDA margin 12% 18% -48% -56%
Operating profit margin 2% 8% -57% -66%
Net profit margin 3% 9% -48% -63%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2023 m. 6 mėn. tarpinės ataskaitos 2023 m. metinės ataskaitos
2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameUAB „Genetiniai ištekliai“
  • Legal formPrivate limited liability company (UAB)
  • Company code304979983
  • SectorOther
  • Line of businessHorticulture and animal husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State100%
  • Contacts http://genetiniaiistekliai.lt
Return to the State

21 EUR thousand

ROE

0.8%

Number of employees

57

Financial data provided as at end-December 2024

UAB „Šeduvos avininkystė“ and UAB „Upytės eksperimentinis ūkis“ were reoganized and merged into new company - UAB „Genetiniai ištekliai“, which was registered in the Register of Legal Entities on 2 January 2019.

Management

  • Audrius ZalatorisChief Executive Officer

Information as of: 2025/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vygantas SliesoraitisIndependent member; UAB Visi namai; UAB Vegta, VšĮ Panovis; AB Kelių priežiūra

MEMBERS OF THE BOARD OF DIRECTORS

  • Kęstutis ButkusIndependent member; UAB ITALIANA LT; UAB Plungės šilumos tinklai
  • Regina MininienėMinistry of Agriculture
  • Virginija ŽoštautienėMinistry of Agriculture

Information as of: 2025/09/01

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