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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

A limited liability company Ignitis grupės paslaugų centras is an internal service centre of the Ignitis Group. It brings together the repetitive and supporting services or activities, functions or parts thereof that the Group needs to compete quickly and efficiently (to gain an advantage), to save costs, to obtain synergies, to increase quality, control, transparency, and to have a centre of expertise and competence capable of serving a global organisation.
The general business units serving the functional units form what is known as the Service Centre Platform, which brings together all the functions operating in the Service Centre through common processes of service management, financial management and etc. The mission of the Service Centre Platform is to ensure the smooth functioning of the functions in the Service Centre. Date of establishment and registry: 4 December 2013.

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 27,529 31,509 35,023 40,552
Cost of goods sold 0
Gross profit (loss) 27,529 31,509 35,023 40,552
Gross profit margin 100% 100% 100% 100%
Operating expenses 26,464 30,362 0 0
Operating profit (loss) 1,065 1,147 1,418 1,746
Operating profit margin 4% 4% 4% 4%
EBITDA 5,177 6,079 6,378 6,866
EBITDA margin 19% 19% 18% 17%
Net profit (loss) 931 914 1,151 1,090
Net profit margin 3% 3% 3% 3%
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin

Balance sheet

2020 2021 2022 2023
Non-current assets 12,123 16,371 20,377 25,435
Intangible assets 4,265 8,604 12,293 16,015
Tangible assets 5,701 6,958 7,425 8,772
Financial assets 0
Other non-current assets 2,157 809 659 648
Current assets 8,353 9,119 8,558 10,161
Inventories and prepaid expenses 58 73 84 119
Accounts receivable in one year 7,353 7,582 8,421 9,984
Other current assets 0
Cash and cash equivalents 942 1,464 53 58
Total assets 21,828 26,574 30,824 37,861
Equity 13,801 14,002 14,382 14,517
Grants and subsidies 0
Liabilities 7,645 12,251 16,118 22,974
Financial liabilities 750 543 454 660
Long-term liabilities 1,152 402 333 488
Short-term liabilities 6,493 11,849 15,785 22,486
Equity and liabilities 21,828 26,574 30,824 37,861
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 4% 5% 5% 3%
Return on equity (ROE) 7% 9% 11% 8%
Return on capital employed (ROCE) 7% 16% 10% 12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.44 0.42 0.46 0.19
Current Ratio 1.29 0.77 0.54 0.45
Quick ratio 1.28 0.76 0.54 0.45
Turnover ratios
Asset turnover 1.26 2.56 1.14 1.07
Fixed asset turnover 2.27 1.92 1.72 1.59
Equity turnover 1.99 4.64 2.44 2.79
Profitability ratios
EBITDA margin 19% 19% 18% 17%
Operating profit margin 4% 4% 4% 4%
Net profit margin 3% 3% 3% 3%
Other ratios
Dividends to the State 375.93 368.86 464.74 0.00
Dividends paid / net profit 0.40 0.40 0.40 0.00
Capital return ratios
Return on assets (ROA)
Return on equity (ROE)
Return on capital employed (ROCE)
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover
Fixed asset turnover
Equity turnover
Profitability ratios
EBITDA margin
Operating profit margin
Net profit margin
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameUAB „Ignitis grupės paslaugų centras“
  • Legal formPrivate limited liability company (UAB)
  • Company code303200016
  • SectorEnergy
  • Line of businessProvides IT and telecommunications services to companies in the electricity sector
  • Accountability„Ignitis grupė“ group of companies
  • Share indirectly belonging to the State100%
https://www.ignitisgrupe.lt/lt/uab-ignitis-grupes-paslaugu-centras
ROE

7.5%

Number of employees

613

Financial data provided as at end-December 2023

Management

  • Irma KaukienėChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Živilė SkibarkienėAB Ignitis grupė; AB Energijos skirstymo operatorius

MEMBERS OF THE BOARD OF DIRECTORS

  • Marius IvanauskasIndependent member; Zurich Insurance
  • Milda ČeplinskienėAB Ignitis grupė

Information as of: 2024/06/03