• English
  • Lithuanian
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

2018 2019 2020 2021
Revenue 15,785 17,163 27,529 31,509
Cost of goods sold 10,608
Gross profit (loss) 5,177 17,163 27,529 31,509
Gross profit margin 33% 100% 100% 100%
Operating expenses 4,598 16,212 26,464 30,362
Operating profit (loss) 579 951 1,065 1,147
Operating profit margin 4% 6% 4% 4%
EBITDA 5,682 4,263 5,177 6,079
EBITDA margin 36% 25% 19% 19%
Net profit (loss) 467 777 931 914
Net profit margin 3% 5% 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

2018 2019 2020 2021
Non-current assets 7,951 9,471 12,123 16,371
Intangible assets 1,103 1,687 4,265 8,604
Tangible assets 6,609 7,579 5,701 6,958
Financial assets 22 22
Other non-current assets 217 183 2,157 809
Biological assets
Current assets 5,294 4,552 8,353 9,119
Inventories and prepaid expenses 485 58 58 73
Accounts receivable in one year 3,460 4,073 7,353 7,582
Other current assets 193
Cash and cash equivalents 1,156 421 942 1,464
Total assets 13,244 12,306 21,828 26,574
Equity 7,111 6,792 13,801 14,002
Minority share of capital
Grants and subsidies
Liabilities 6,134 5,163 7,784 12,423
Financial liabilities 2,522 3,088 963 3,299
Long-term liabilities 96 893 1,152 402
Short-term liabilities 5,976 4,131 6,493 11,849
Equity and liabilities 13,244 14,657 21,828 26,574
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

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 8% 6% 5% 4%
Return on equity (ROE) 14% 11% 9% 7%
Return on capital employed (ROCE) 18% 23% 14% 16%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.37 0.45 0.07 0.24
Current Ratio 0.89 1.10 1.29 0.77
Quick ratio 0.80 1.09 1.28 0.76
Turnover ratios
Asset turnover 2.57 1.34 1.61 1.30
Fixed asset turnover 3.97 1.97 2.55 2.21
Equity turnover 4.65 2.47 2.67 2.27
Profitability ratios
EBITDA margin 36% 25% 19% 19%
Operating profit margin 4% 6% 4% 4%
Net profit margin 3% 5% 3% 3%
Other ratios
Dividends to the State 368.86
Dividends paid / net profit 0.40
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 State50.46%
https://www.ignitisgrupe.lt/lt/uab-ignitis-grupes-paslaugu-centras
Return to the State

369 EUR thousand

ROE

6.6%

Number of employees

530

Financial data provided as at end-December 2021

Management

  • Irma KaukienėChief Executive Officer

Information as of: 2023/05/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Živilė SkibarkienėAB Ignitis grupė

MEMBERS OF THE BOARD OF DIRECTORS

  • Marius IvanauskasUAB Telia Global Services Lithuania; Independent member

Information as of: 2023/05/01