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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Financial results

P/L Statment

2018 2019 2020
Revenue 15,785 17,163 27,529
Cost of goods sold 10,608
Gross profit (loss) 5,177 17,163 27,529
Gross profit margin 33% 100% 100%
Operating expenses 4,598 16,212 26,464
Operating profit (loss) 579 951 1,065
Operating profit margin 4% 6% 4%
EBITDA 5,682 4,263 5,177
EBITDA margin 36% 25% 19%
Net profit (loss) 467 777 931
Net profit margin 3% 5% 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
Non-current assets 7,951 9,471 12,123
Intangible assets 1,103 1,687 4,265
Tangible assets 6,609 7,579 7,603
Financial assets 22 22
Other non-current assets 217 183 255
Biological assets
Current assets 5,294 4,552 8,353
Inventories and prepaid expenses 485 58 48
Accounts receivable in one year 3,460 4,073 7,363
Other current assets 193
Cash and cash equivalents 1,156 421 942
Total assets 12,306 14,657 21,828
Equity 6,792 8,081 13,801
Minority share of capital
Grants and subsidies
Liabilities 6,134 5,163 5,282
Financial liabilities 2,522 3,088 2,115
Long-term liabilities 96 893 1,151
Short-term liabilities 5,976 4,131 3,992
Equity and liabilities 13,244 14,657 21,828
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Biological assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Minority share of capital
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 5% 8% 6% 5%
Return on equity (ROE) 25% 14% 10% 9%
Return on capital employed (ROCE) 16% 18% 18% 12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.37 0.38 0.15
Current Ratio 2.24 0.89 1.10 2.09
Quick ratio 2.00 0.80 1.09 2.08
Turnover ratios
Asset turnover 0.53 2.57 1.27 1.51
Fixed asset turnover 0.72 3.97 1.97 2.55
Equity turnover 2.44 4.65 2.31 2.52
Profitability ratios
EBITDA margin 14% 36% 25% 19%
Operating profit margin 13% 4% 6% 4%
Net profit margin 10% 3% 5% 3%
Other ratios
Dividends to the State 265.20
Dividends paid / net profit 1.63
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 Technologijų ir inovacijų 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 State0%
https://www.etic.lt/
ROE

%

Financial data provided as at end-December 2020