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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 geo-information systems, the development of state geo-information databases, their maintenance and distribution to users, as well as to perform the functions of the manager of the Georeferenced Cadastre, the Topography and Engineering Infrastructure Information System, the network of permanent stations for the global positioning system of the Republic of Lithuania, and the Lithuanian Spatial Information Portal, and to carry out other activities in the field of public interest in the area of geo-information technologies.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual net profitability:
    • 2022–2024 ≥ 11 percent.
  • Annual ratio of total liabilities to equity:
    • 2022–2024 ≤ 0,5 times

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • Developed process automation tools, pcs.:
    • 2022 – 1
    • 2023 – 2
    • 2024 – 2
  • Number of failures, safety incidents, units:
    • 2022-2023 ≤ 4
    • 2024 ≤ 3
  • Number of GRPK kit orders, pcs.:
    • 2022 – 940
    • 2023 – 960
    • 2024 – 970
  • Execution of geodetic and cartographic works at the state border, km:
    • 2022 – 600
    • 2023 – 650
    • 2024 – 700

          2021/22 GOOD CORPORATE GOVERNANCE INDEX       

          2020/21 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

2018 2019 2020 2021
Revenue 1,008 810 949 639
Cost of goods sold 119 63 6 155
Gross profit (loss) 889 747 944 484
Gross profit margin 88% 92% 99% 76%
Operating expenses 679 628 614 352
Operating profit (loss) 210 119 330 132
Operating profit margin 21% 15% 35% 21%
EBITDA 237 179 352 152
EBITDA margin 24% 22% 37% 24%
Net profit (loss) 177 100 280 113
Net profit margin 18% 12% 29% 18%
2019-06 2020-06 2021-06 2022-06
Revenue 249 251 157 134
Cost of goods sold 21 7 48
Gross profit (loss) 228 245 157 86
Gross profit margin % % % %
Operating expenses 269 226 209 150
Operating profit (loss) -42 19 -53 -64
Operating profit margin % % % %
EBITDA -35 30 -40 -43
EBITDA margin -14% 12% -25% -32%
Net profit (loss) -42 19 -53 -64
Net profit margin -17% 7% -34% -48%

* Left axis

** Right axis

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

Balance sheet

2018 2019 2020 2021
Non-current assets 1,732 1,360 1,191 4,472
Intangible assets 773 448 263 3,608
Tangible assets 959 911 928 864
Financial assets
Other non-current assets
Current assets 1,017 600 4,549 538
Inventories and prepaid expenses 90 60 3,865 47
Accounts receivable in one year 275 17 9 22
Other current assets
Cash and cash equivalents 651 522 676 470
Total assets 2,772 1,966 5,741 5,014
Equity 596 484 618 505
Grants and subsidies 1,606 1,293 4,117 4,259
Liabilities 570 190 1,006 250
Financial liabilities
Long-term liabilities
Short-term liabilities 570 190 1,006 250
Equity and liabilities 2,772 1,966 5,741 5,014
2020-06 2021-06 2022-06
Non-current assets 1,201 1,112 4,044
Intangible assets 310 217 3,219
Tangible assets 891 895 825
Financial assets
Other non-current assets
Current assets 624 4,250 472
Inventories and prepaid expenses 52 3,902 48
Accounts receivable in one year 66 35 25
Other current assets
Cash and cash equivalents 506 312 400
Total assets 1,829 5,362 4,520
Equity 357 339 305
Grants and subsidies 1,144 4,717 3,879
Liabilities 328 306 335
Financial liabilities
Long-term liabilities
Short-term liabilities 328 306 335
Equity and liabilities 1,829 5,362 4,520

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 6% 4% 7% 2%
Return on equity (ROE) 28% 19% 51% 21%
Return on capital employed (ROCE) 19% 13% 14% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.78 3.16 4.52 2.15
Quick ratio 1.62 2.85 0.68 1.96
Turnover ratios
Asset turnover 0.36 0.34 0.25 0.12
Fixed asset turnover 0.55 0.52 0.74 0.23
Equity turnover 1.58 1.50 1.72 1.14
Profitability ratios
EBITDA margin 24% 22% 37% 24%
Operating profit margin 21% 15% 35% 21%
Net profit margin 18% 12% 29% 18%
Other ratios
Dividends to the State 212.50 145.30 226.10 135.80
Dividends paid / net profit 1.20 1.45 0.81 1.21

* Left axis

** Right axis

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

2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 4% % 4% 2%
Return on equity (ROE) 19% % 37% 32%
Return on capital employed (ROCE) 13% 3% -2% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.16 1.90 13.90 1.41
Quick ratio 2.85 1.74 1.14 1.26
Turnover ratios
Asset turnover 0.34 0.27 0.04 0.03
Fixed asset turnover 0.52 0.42 0.14 0.05
Equity turnover 1.50 1.41 0.45 0.41
Profitability ratios
EBITDA margin 22% 12% -25% -32%
Operating profit margin 15% % % %
Net profit margin 12% 7% -34% -48%
Other ratios
Dividends to the State 145.30
Dividends paid / net profit 1.45

Financial statments

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
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 undefined

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
ROE

31.9%

Number of employees

66

Financial data provided as at end-December 2021