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Valdymo koordinavimo centras

State Owned Enterprises

In 2000 The State Enterprise Giraitės ginkluotės gamyba was officially established and registered. In 2007, it was reorganized into a public limited company. The company’s core of business is the manufacture and sale of the latest and most modern ammunition.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 5,773 6,899 9,408 7,912
Cost of goods sold 4,372 5,149 6,888 6,121
Gross profit (loss) 1,400 1,751 2,520 1,792
Gross profit margin 24% 25% 27% 23%
Operating expenses 734 698 809 903
Operating profit (loss) 666 1,053 1,711 889
Operating profit margin 12% 15% 18% 11%
EBITDA 960 1,414 2,357 1,228
EBITDA margin 17% 20% 25% 16%
Net profit (loss) 178 406 1,175 292
Net profit margin 3% 6% 12% 4%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 3,725 4,635 3,421 4,115
Cost of goods sold 2,761 3,399 2,591 3,231
Gross profit (loss) 964 1,235 830 884
Gross profit margin 26% 27% 24% 21%
Operating expenses 343 368 422 491
Operating profit (loss) 622 868 409 393
Operating profit margin 17% 19% 12% 10%
EBITDA 810 1,308 569 586
EBITDA margin 22% 28% 17% 14%
Net profit (loss) 20 43 277 257
Net profit margin 12% 20% 8% 6%

Balance sheet

2016 2017 2018 2019
Non-current assets 13,689 13,643 13,075 12,800
Intangible assets 1 13 8 7
Tangible assets 13,688 13,628 13,068 12,793
Financial assets 0
Other non-current assets 2
Biological assets
Current assets 5,919 6,009 6,824 7,189
Inventories and prepaid expenses 5,147 5,431 4,478 4,417
Accounts receivable in one year 296 223 74 346
Other current assets
Cash and cash equivalents 477 355 2,272 2,426
Total assets 19,621 19,671 19,925 20,004
Equity 6,948 7,354 8,530 8,555
Minority share of capital
Grants and subsidies
Liabilities 12,671 12,316 11,394 11,449
Financial liabilities 11,989 11,786 10,775 10,773
Long-term liabilities 11,636 11,516 10,726 9,936
Short-term liabilities 1,035 800 668 1,513
Equity and liabilities 19,621 19,671 19,925 20,004
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 13,809 13,229 12,952 12,642
Intangible assets 15 10 10 3
Tangible assets 13,794 13,217 12,942 12,638
Financial assets 0
Other non-current assets 2
Biological assets
Current assets 6,342 7,365 7,217 7,164
Inventories and prepaid expenses 5,502 5,164 5,153 4,507
Accounts receivable in one year 331 607 135 90
Other current assets
Cash and cash equivalents 510 1,595 1,929 2,567
Total assets 20,151 20,594 20,193 19,833
Equity 7,400 8,304 8,540 8,812
Minority share of capital
Grants and subsidies
Liabilities 12,751 12,290 11,653 11,021
Financial liabilities 11,736 11,486 10,636 9,936
Long-term liabilities 11,816 11,516 10,726 9,936
Short-term liabilities 935 774 927 1,085
Equity and liabilities 20,151 20,594 20,193 19,833

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 1% 2% 6% 1%
Return on equity (ROE) 3% 6% 15% 3%
Return on capital employed (ROCE) 7% 11% 20% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.73 1.60 1.26 1.26
Current Ratio 5.72 7.51 10.21 4.75
Quick ratio 0.75 0.72 3.51 1.83
Turnover ratios
Asset turnover 0.28 0.35 0.48 0.40
Fixed asset turnover 0.42 0.50 0.70 0.61
Equity turnover 0.84 0.96 1.18 0.93
Profitability ratios
EBITDA margin 17% 20% 25% 16%
Operating profit margin 12% 15% 18% 11%
Net profit margin 3% 6% 12% 4%
Other ratios
Dividends to the State 266.49
Dividends paid / net profit 0.23
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 2% 4% 2% 1%
Return on equity (ROE) 6% 11% 6% 3%
Return on capital employed (ROCE) 11% 11% 4% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.60 1.38 1.25 1.17
Current Ratio 7.51 9.52 7.79 6.60
Quick ratio 0.72 2.84 2.23 2.45
Turnover ratios
Asset turnover 0.35 0.23 0.17 0.21
Fixed asset turnover 0.50 0.34 0.26 0.32
Equity turnover 0.96 0.59 0.41 0.47
Profitability ratios
EBITDA margin 20% 28% 17% 14%
Operating profit margin 15% 19% 12% 10%
Net profit margin 6% 20% 8% 6%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

About the company

  • Official nameAB Giraitės ginkluotės gamykla
  • Legal formPublic limited liability company (AB)
  • Company code110080729
  • SectorOther
  • Line of businessProduction of ammo
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
http://www.ggg-ammo.lt/
ROE

3.4%

Number of employees

77

Financial data provided as at end-December 2019

Management

  • Aleksandras NikonovasDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vygantas SliesoraitisAL Holdingas; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Laima KalinauskienėMinistry of Finance
  • Remigijus ŠtarasUAB Topo grupė; Independent member
  • Eimundas MačiulisUAB VSA Vilnius; Independent member
  • Asta SinkevičienėMinistry of Finance

Information as of: 2020/10/01