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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The company was established at the end of 1996. The main activity is deposit insurance, banks insurance and insurance for investors. The company manages two funds: deposit insurance and insurance for investors. This type of activity in Lithuania is not carried out by anyone else.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 492 676 737 739
Cost of goods sold
Gross profit (loss) 492 676 737 739
Gross profit margin 100% 100% 100% 100%
Operating expenses 492 676 737 739
Operating profit (loss)
Operating profit margin % % % %
EBITDA 28 33 23 18
EBITDA margin 6% 5% 3% 2%
Net profit (loss) 43 45 55 60
Net profit margin 9% 7% 7% 8%
2018-06 2019-06 2020-06 2021-06
Revenue 271 329 337 328
Cost of goods sold
Gross profit (loss) 271 329 337 328
Gross profit margin % % 100% 100%
Operating expenses 271 329 337 328
Operating profit (loss)
Operating profit margin % % % %
EBITDA 13 6
EBITDA margin % % 4% 2%
Net profit (loss) 19 24 30 27
Net profit margin % % 7% 8%

Balance sheet

2017 2018 2019 2020
Non-current assets 2,488 7,227 11,060 9,322
Intangible assets 24 15 9 4
Tangible assets 40 30 26 22
Financial assets 2,424 7,182 11,025 9,296
Other non-current assets
Current assets 13,428 8,758 4,984 6,792
Inventories and prepaid expenses 1 0 0 0
Accounts receivable in one year 8 124 108 115
Other current assets 986 494 4,253 4,024
Cash and cash equivalents 12,433 8,139 623 2,653
Total assets 15,920 15,987 16,046 16,121
Equity 15,879 15,924 15,979 16,039
Grants and subsidies
Liabilities 42 63 66 82
Financial liabilities
Long-term liabilities
Short-term liabilities 42 63 66 82
Equity and liabilities 15,920 15,987 16,046 16,121
2019-06 2020-06 2021-06
Non-current assets 11,575 11,443 14,605
Intangible assets 9 6 16
Tangible assets 32 26 18
Financial assets 11,535 11,411 14,571
Other non-current assets
Current assets 4,415 4,632 1,528
Inventories and prepaid expenses 0 1 0
Accounts receivable in one year 69 64 56
Other current assets 3,424 4,255 1,225
Cash and cash equivalents 921 312 247
Total assets 15,998 16,087 16,146
Equity 15,948 16,009 16,066
Grants and subsidies
Liabilities 49 78 80
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities 15,998 16,087 16,146

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) % 0% % %
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 322.01 138.35 75.05 82.94
Quick ratio 322.00 138.34 75.05 82.93
Turnover ratios
Asset turnover 0.03 0.04 0.05 0.05
Fixed asset turnover 0.16 0.14 0.08 0.07
Equity turnover 0.03 0.04 0.05 0.05
Profitability ratios
EBITDA margin 6% 5% 3% 2%
Operating profit margin % % % %
Net profit margin 9% 7% 7% 8%
Other ratios
Dividends to the State
Dividends paid / net profit
2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) 0% % % 0%
Return on equity (ROE) 0% % % 0%
Return on capital employed (ROCE) % -0% 0% %
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 322.01
Quick ratio 322.00
Turnover ratios
Asset turnover 0.03 0.04 0.02 0.02
Fixed asset turnover 0.16 0.06 0.03 0.03
Equity turnover 0.03 0.04 0.02 0.02
Profitability ratios
EBITDA margin 6% % 4% 2%
Operating profit margin % % % %
Net profit margin 9% % 7% 8%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ „Indėlių ir investicijų draudimas“
  • Legal formState enterprise (VĮ)
  • Company code110069451
  • SectorOther
  • Line of businessDeposit insurance
  • Institution representing the StateMinistry of Finance
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.iidraudimas.lt/
Return to the State

4 EUR thousand

ROE

0.4%

Number of employees

18

Financial data provided as at end-December 2020

Management

  • Aurelija MažintienėDirector General

Information as of: 2021/10/01