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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

2016 2017 2018 2019
Revenue 1,028 1,566 1,008 810
Cost of goods sold 341 466 119 63
Gross profit (loss) 687 1,100 889 747
Gross profit margin 67% 70% 88% 92%
Operating expenses 510 903 679 628
Operating profit (loss) 176 196 210 119
Operating profit margin 17% 13% 21% 15%
EBITDA 199 226 237 179
EBITDA margin 19% 14% 24% 22%
Net profit (loss) 162 162 177 100
Net profit margin 16% 10% 18% 12%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 205 275 249 251
Cost of goods sold 26 23 21 7
Gross profit (loss) 179 252 228 245
Gross profit margin 87% 92% 92% 97%
Operating expenses 399 354 269 226
Operating profit (loss) -220 -102 -42 19
Operating profit margin -108% -37% -17% 7%
EBITDA -207 -88 -35 30
EBITDA margin -101% -32% -14% 12%
Net profit (loss) -42 19
Net profit margin -108% -37% -17% 7%

* Left axis

** Right axis

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

Balance sheet

2016 2017 2018 2019
Non-current assets 2,434 1,938 1,732 1,360
Intangible assets 1,275 875 773 448
Tangible assets 1,160 1,063 959 911
Financial assets
Other non-current assets
Biological assets
Current assets 614 947 1,017 600
Inventories and prepaid expenses 90 99 90 60
Accounts receivable in one year 45 37 275 17
Other current assets
Cash and cash equivalents 478 812 651 522
Total assets 3,067 2,895 2,772 1,966
Equity 602 683 596 484
Minority share of capital
Grants and subsidies 2,285 1,788 1,606 1,293
Liabilities 180 424 570 190
Financial liabilities
Long-term liabilities
Short-term liabilities 180 424 570 190
Equity and liabilities 3,067 2,895 2,772 1,966
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 2,187 1,676 1,520 1,201
Intangible assets 1,068 723 602 310
Tangible assets 1,119 953 918 891
Financial assets
Other non-current assets
Biological assets
Current assets 366 653 527 624
Inventories and prepaid expenses 99 88 76 52
Accounts receivable in one year 102 306 182 66
Other current assets 50 50
Cash and cash equivalents 115 209 269 506
Total assets 2,553 2,328 2,059 1,829
Equity 301 316 342 357
Minority share of capital
Grants and subsidies 2,041 1,625 1,406 1,144
Liabilities 211 388 311 328
Financial liabilities
Long-term liabilities
Short-term liabilities 211 388 311 328
Equity and liabilities 2,553 2,328 2,059 1,829

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

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 5% 5% 6% 4%
Return on equity (ROE) 31% 25% 28% 19%
Return on capital employed (ROCE) 12% 16% 19% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.41 2.24 1.78 3.16
Quick ratio 2.91 2.00 1.62 2.85
Turnover ratios
Asset turnover 0.32 0.53 0.36 0.34
Fixed asset turnover 0.38 0.72 0.55 0.52
Equity turnover 1.97 2.44 1.58 1.50
Profitability ratios
EBITDA margin 19% 14% 24% 22%
Operating profit margin 17% 13% 21% 15%
Net profit margin 16% 10% 18% 12%
Other ratios
Dividends to the State 81.10 265.20 212.50 145.30
Dividends paid / net profit 0.50 1.63 1.20 1.45

* Left axis

** Right axis

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

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 5% 12% 11% 8%
Return on equity (ROE) 25% 91% 73% 47%
Return on capital employed (ROCE) 16% -11% -5% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.24 1.68 1.69 1.90
Quick ratio 2.00 1.46 1.45 1.74
Turnover ratios
Asset turnover 0.53 0.11 0.11 0.13
Fixed asset turnover 0.72 0.14 0.16 0.18
Equity turnover 2.44 0.89 0.76 0.72
Profitability ratios
EBITDA margin 14% -32% -14% 12%
Operating profit margin 13% -37% -17% 7%
Net profit margin 10% -37% -17% 7%
Other ratios
Dividends to the State 265.20
Dividends paid / net profit 1.63

Financial statments

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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.gis-centras.lt
Return to the State

147 EUR thousand

ROE

18.8%

Number of employees

76

Financial data provided as at end-December 2019