GIS – Centras

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
- 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% |
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 |
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 |
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
Expectations of the state
Target return on equity undefined
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%
Return to the State
140 EUR thousand
ROE
20.7%
Number of employees
68
Financial data provided as at end-December 2021