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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

“GVT LT” is a private limited company established by “GRUNTO VALYMO TECHNOLOGIJOS” public institution and continuing its activities. The company’s goals are to carry out long-term, reliable, rational and efficient economic and commercial activities and their development, to satisfy public interests by restoring natural resources, creating and improving environmental cleaning technologies and tools, spreading ecological knowledge, carrying out ecological public education, including the preparation and publishing of ecological literature.


          2022/23 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

2019 2020 2021 2022
Revenue 165 1,125
Cost of goods sold 72 746
Gross profit (loss) 0 0 93 379
Gross profit margin % % 56% 34%
Operating expenses 18 258
Operating profit (loss) 0 0 75 122
Operating profit margin % % 45% 11%
EBITDA 0 0 104 237
EBITDA margin % % 63% 21%
Net profit (loss) 0 0 61 120
Net profit margin % % 37% 11%
2020-06 2021-06 2022-06 2023-06
Revenue 0 0 386 384
Cost of goods sold 0 0 329 426
Gross profit (loss) 0 0 57 -41
Gross profit margin % % 15% -11%
Operating expenses 0 0 103 145
Operating profit (loss) 0 0 -46 -186
Operating profit margin % % -12% -48%
EBITDA 0 0 11 -114
EBITDA margin % % 3% -30%
Net profit (loss) 0 0 -48 -185
Net profit margin % % -12% -48%

Balance sheet

2019 2020 2021 2022
Non-current assets 0 0 1,354 1,422
Intangible assets 3 8
Tangible assets 1,350 1,415
Financial assets
Other non-current assets
Current assets 0 0 2,316 2,816
Inventories and prepaid expenses 15 28
Accounts receivable in one year 641 730
Other current assets 300
Cash and cash equivalents 1,659 1,758
Total assets 0 0 3,678 4,256
Equity 0 0 1,961 2,185
Grants and subsidies
Liabilities 0 0 58 294
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 58 294
Equity and liabilities 0 0 3,678 4,256
2020-06 2021-06 2022-06 2023-06
Non-current assets 0 0 1,304 1,433
Intangible assets 10 7
Tangible assets 1,294 1,427
Financial assets 0
Other non-current assets 0
Current assets 0 0 2,547 2,856
Inventories and prepaid expenses 17 17
Accounts receivable in one year 785 881
Other current assets 0 522
Cash and cash equivalents 1,746 1,436
Total assets 0 0 3,856 4,295
Equity 0 0 2,063 1,907
Grants and subsidies 0
Liabilities 0 0 129 164
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 0 0 129 164
Equity and liabilities 0 0 3,856 4,295

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) % % 3% 3%
Return on equity (ROE) % % 6% 6%
Return on capital employed (ROCE) % % 4% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00
Current Ratio 39.86 9.58
Quick ratio 39.60 9.49
Turnover ratios
Asset turnover 0.04 0.26
Fixed asset turnover 0.12 0.79
Equity turnover 0.08 0.51
Profitability ratios
EBITDA margin % % 63% 21%
Operating profit margin % % 45% 11%
Net profit margin % % 37% 11%
Other ratios
Dividends to the State 0.00 0.00 0.00 92.50
Dividends paid / net profit 0.00 0.77
2022-06 2023-06
Capital return ratios
Return on assets (ROA) 1% -0%
Return on equity (ROE) 1% -1%
Return on capital employed (ROCE) -2% -10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00
Current Ratio 19.82 17.46
Quick ratio 19.69 17.35
Turnover ratios
Asset turnover 0.10 0.09
Fixed asset turnover 0.30 0.27
Equity turnover 0.19 0.20
Profitability ratios
EBITDA margin 3% -30%
Operating profit margin -12% -48%
Net profit margin -12% -48%
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameUAB "GVT LT"
  • Legal formPrivate limited liability company (UAB)
  • Company code305894308
  • SectorOther
  • Line of businessRemediation of soil, sludge and water, contaminated with petroleum and its products
  • AccountabilityToksika
  • Share indirectly belonging to the State100%
https://www.gvt.lt/
Return to the State

92 EUR thousand

ROE

5.8%

Number of employees

25

Financial data provided as at end-December 2022

Management

  • Lukas AndronavičiusChief Executive Officer

Information as of: 2024/05/02