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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

SE GIS-Centras is a state-owned company established in 1992 and owned by the state. The main goals of SE GIS-Centras  are to carry out the work of designing, implementing, technical support and maintenance of state geoinformation systems, development of state geoinformation databases, their servicing and distribution to users, as well as to perform functions of geo-referential cadastre and other activities in order to satisfy public interests.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,566 1,008 810 949
Cost of goods sold 466 119 63 6
Gross profit (loss) 1,100 889 747 944
Gross profit margin 70% 88% 92% 99%
Operating expenses 903 679 628 614
Operating profit (loss) 196 210 119 330
Operating profit margin 13% 21% 15% 35%
EBITDA 226 237 179 352
EBITDA margin 14% 24% 22% 37%
Net profit (loss) 162 177 100 280
Net profit margin 10% 18% 12% 29%
2018-06 2019-06 2020-06 2021-06
Revenue 275 249 251 157
Cost of goods sold 23 21 7
Gross profit (loss) 252 228 245 157
Gross profit margin % % 92% 100%
Operating expenses 354 269 226 209
Operating profit (loss) -102 -42 19 -53
Operating profit margin % % -17% -34%
EBITDA -35 -40
EBITDA margin % % -14% -25%
Net profit (loss) -102 -42 19 -53
Net profit margin % % -17% -34%

* 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 1,938 1,732 1,360 1,191
Intangible assets 875 773 448 263
Tangible assets 1,063 959 911 928
Financial assets
Other non-current assets
Current assets 947 1,017 600 4,549
Inventories and prepaid expenses 99 90 60 3,865
Accounts receivable in one year 37 275 17 9
Other current assets
Cash and cash equivalents 812 651 522 676
Total assets 2,895 2,772 1,966 5,741
Equity 683 596 484 618
Grants and subsidies 1,788 1,606 1,293 4,117
Liabilities 424 570 190 1,006
Financial liabilities
Long-term liabilities
Short-term liabilities 424 570 190 1,006
Equity and liabilities 2,895 2,772 1,966 5,741
2019-06 2020-06 2021-06
Non-current assets 1,520 1,201 1,112
Intangible assets 602 310 217
Tangible assets 918 891 895
Financial assets
Other non-current assets
Current assets 527 624 4,250
Inventories and prepaid expenses 76 52 3,902
Accounts receivable in one year 182 66 35
Other current assets
Cash and cash equivalents 269 506 312
Total assets 2,059 1,829 5,362
Equity 342 357 339
Grants and subsidies 1,406 1,144 4,717
Liabilities 311 328 306
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities 2,059 1,829 5,362

* 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) 5% 6% 4% 7%
Return on equity (ROE) 25% 28% 19% 51%
Return on capital employed (ROCE) 16% 19% 13% 14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.24 1.78 3.16 4.52
Quick ratio 2.00 1.62 2.85 0.68
Turnover ratios
Asset turnover 0.53 0.36 0.34 0.25
Fixed asset turnover 0.72 0.55 0.52 0.74
Equity turnover 2.44 1.58 1.50 1.72
Profitability ratios
EBITDA margin 14% 24% 22% 37%
Operating profit margin 13% 21% 15% 35%
Net profit margin 10% 18% 12% 29%
Other ratios
Dividends to the State 265.20 212.50 145.30 226.10
Dividends paid / net profit 1.63 1.20 1.45 0.81

* 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) 5% % % 6%
Return on equity (ROE) 25% % % 60%
Return on capital employed (ROCE) 16% -1% -5% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.24
Quick ratio 2.00
Turnover ratios
Asset turnover 0.53 0.24 0.13 0.04
Fixed asset turnover 0.72 0.33 0.18 0.14
Equity turnover 2.44 1.46 0.72 0.45
Profitability ratios
EBITDA margin 14% % -14% -25%
Operating profit margin 13% % -17% -34%
Net profit margin 10% % -17% -34%
Other ratios
Dividends to the State 265.20
Dividends paid / net profit 1.63

Financial statments

2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės 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. 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. 6 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 6 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos
2013 m. 9 mėn. tarpinės ataskaitos 2011m. 9 mėn. tarpinės ataskaitos 2011 m. 6 mėn. tarpinės ataskaitos 2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Target return on equity

6.2%

Letter of Expectations

About the company

  • Official nameVĮ distancinių tyrimų ir geoinformatikos centras „Gis-centras“
  • Legal formState enterprise (VĮ)
  • Company code121351441
  • SectorOther
  • Line of businessDistribution of spatial data products
  • Institution representing the StateMinistry of Agriculture
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.gis-centras.lt
Return to the State

228 EUR thousand

ROE

51.0%

Number of employees

80

Financial data provided as at end-December 2020

Management

  • Žilvinas StankevičiusDirector General

Information as of: 2021/10/01