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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

          2020 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%
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%

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
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

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
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

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%
http://www.gis-centras.lt
Return to the State

140 EUR thousand

ROE

20.7%

Number of employees

68

Financial data provided as at end-December 2021

Management

  • Žilvinas StankevičiusDirector General

Information as of: 2022/09/01