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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

2019 2020 2021 2022
Revenue 17,163 27,529 31,509 35,023
Cost of goods sold
Gross profit (loss) 17,163 27,529 31,509 35,023
Gross profit margin 100% 100% 100% 100%
Operating expenses 16,212 26,464 30,362 33,605
Operating profit (loss) 951 1,065 1,147 1,418
Operating profit margin 6% 4% 4% 4%
EBITDA 4,263 5,177 6,079 6,434
EBITDA margin 25% 19% 19% 18%
Net profit (loss) 777 931 914 1,207
Net profit margin 5% 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

2019 2020 2021 2022
Non-current assets 9,471 12,123 16,371 20,377
Intangible assets 1,687 4,265 8,604 12,293
Tangible assets 7,579 5,701 6,958 7,425
Financial assets 22
Other non-current assets 183 2,157 809 659
Biological assets
Current assets 4,552 8,353 9,119 8,558
Inventories and prepaid expenses 58 58 73 84
Accounts receivable in one year 4,073 7,353 7,582 8,421
Other current assets
Cash and cash equivalents 421 942 1,464 53
Total assets 14,657 12,306 26,574 30,824
Equity 8,081 6,792 14,002 14,382
Minority share of capital
Grants and subsidies
Liabilities 5,163 7,784 12,423 16,311
Financial liabilities 3,088 963 3,701 7,508
Long-term liabilities 893 1,152 402 333
Short-term liabilities 4,131 6,493 11,849 15,785
Equity and liabilities 14,657 21,828 26,574 30,824
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

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 5% 7% 5% 4%
Return on equity (ROE) 10% 13% 9% 9%
Return on capital employed (ROCE) 18% 37% 16% 20%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.38 0.14 0.26 0.52
Current Ratio 1.10 1.29 0.77 0.54
Quick ratio 1.09 1.28 0.76 0.54
Turnover ratios
Asset turnover 2.34 2.04 1.62 1.22
Fixed asset turnover 3.62 2.55 2.21 1.91
Equity turnover 4.25 3.70 3.03 2.47
Profitability ratios
EBITDA margin 25% 19% 19% 18%
Operating profit margin 6% 4% 4% 4%
Net profit margin 5% 3% 3% 3%
Other ratios
Dividends to the State 464.74
Dividends paid / net profit 0.39
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
Return to the State

465 EUR thousand

ROE

8.5%

Number of employees

570

Financial data provided as at end-December 2022

Management

  • Irma KaukienėChief Executive Officer

Information as of: 2/1/2024

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: 2/1/2024