Genetiniai ištekliai
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
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 1,890 | 2,471 | 2,750 | 2,437 |
| Cost of goods sold | 1,633 | 2,209 | 2,454 | 2,328 |
| Gross profit (loss) | 256 | 262 | 296 | 109 |
| Gross profit margin | 14% | 11% | 11% | 4% |
| Operating expenses | 199 | 196 | 214 | 273 |
| Operating profit (loss) | 58 | 66 | 82 | -164 |
| Operating profit margin | 3% | 3% | 3% | -7% |
| EBITDA | 197 | 213 | 273 | -1 |
| EBITDA margin | 10% | 9% | 10% | -0% |
| Net profit (loss) | 44 | 86 | 113 | 34 |
| Net profit margin | 2% | 3% | 4% | 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% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 2,550 | 2,180 | 2,132 | 2,034 |
| Intangible assets | 2 | 1 | 0 | 0 |
| Tangible assets | 1,945 | 1,758 | 1,636 | 1,478 |
| Financial assets | 313 | 179 | 252 | 311 |
| Other non-current assets | 290 | 243 | 245 | 245 |
| Current assets | 1,032 | 1,183 | 1,316 | 1,260 |
| Inventories and prepaid expenses | 795 | 665 | 882 | 802 |
| Accounts receivable in one year | 127 | 349 | 276 | 353 |
| Other current assets | ||||
| Cash and cash equivalents | 110 | 169 | 158 | 105 |
| Total assets | 3,600 | 3,381 | 3,465 | 3,312 |
| Equity | 2,598 | 2,648 | 2,668 | 2,615 |
| Grants and subsidies | 458 | 390 | 339 | 294 |
| Liabilities | 544 | 342 | 459 | 403 |
| Financial liabilities | 176 | 139 | 100 | 59 |
| Long-term liabilities | 139 | 100 | 59 | 18 |
| Short-term liabilities | 405 | 243 | 399 | 385 |
| Equity and liabilities | 3,600 | 3,381 | 3,465 | 3,312 |
| 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 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 2% | 3% | 1% |
| Return on equity (ROE) | 2% | 3% | 4% | 1% |
| Return on capital employed (ROCE) | 2% | 2% | 3% | -6% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.05 | 0.04 | 0.03 | 0.02 |
| Current Ratio | 2.54 | 4.88 | 3.30 | 3.27 |
| Quick ratio | 0.58 | 2.13 | 1.09 | 1.19 |
| Turnover ratios | ||||
| Asset turnover | 0.52 | 0.73 | 0.79 | 0.74 |
| Fixed asset turnover | 0.74 | 1.13 | 1.29 | 1.20 |
| Equity turnover | 0.73 | 0.93 | 1.03 | 0.93 |
| Profitability ratios | ||||
| EBITDA margin | 10% | 9% | 10% | -0% |
| Operating profit margin | 3% | 3% | 3% | -7% |
| Net profit margin | 2% | 3% | 4% | 1% |
| Other ratios | ||||
| Dividends to the State | 35.40 | 69.30 | 87.19 | 35.56 |
| Dividends paid / net profit | 0.80 | 0.81 | 0.77 | 1.03 |
| 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
Expectations of the state
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 StateProperty bank
- Share belonging to the State100%
Return to the State
36 EUR thousand
ROE
1.3%
Number of employees
60
Financial data provided as at end-December 2023
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: 2024/11/04
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Vygantas SliesoraitisIndependent member; UAB Visi namai; UAB Vegta, VšĮ Panovis; AB Kelių priežiūra; UAB Pieno tyrimai; UAB AL holdingas
MEMBERS OF THE BOARD OF DIRECTORS
- Kęstutis ButkusIndependent member; UAB Ecoservice; UAB ITALIANA LT
- Regina MininienėMinistry of Agriculture
- Virginija ŽoštautienėMinistry of Agriculture
Information as of: 2024/11/04
