• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The company was established at the end of 1996. Its main activities are deposit insurance, insurance of liabilities to investors of banks, brokerage firms and management companies authorised to provide investment services. The company administers three funds: the Deposit Insurance Fund, the Fund of Liabilities to Investors and the Resolution Fund. No one else in Lithuania carries out this type of activity.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual adjusted EBITDA::
    • 2022–2024 ≥ 41,7 thousand Eur.
  • Ratio of cash and cash equivalents to total assets:
    • 2022–2024 ≤ 25 percent.

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • Income of the Deposit Insurance Fund from insurance premiums, from bankrupt credit institutions (coverage of creditors’ claims), etc., ml. EUR::
    • 2022 – 20,5
    • 2023 – 21,3
    • 2024 – 22,2
  • Liabilities to investors insurance fund income from insurance premiums, etc., ml. EUR:
    • 2022 – 0,062
    • 2023 – 0,058
    • 2024 – 0,056
  • Fund administration costs, per cent from the financial resources of the managed funds:
    • 2022 ≤ 0,5
    • 2023 ≤ 0,5
    • 2024 ≤ 0,4
  • Customer Experience Index:
    • 2022  – measurable,
    • 2023-2024 ≥ 2022 values
  • Employee job satisfaction, coefficient:
    • 2022-2024 ≥ 3,5

          2021/22 GOOD CORPORATE GOVERNANCE INDEX       

      2020/21 GOOD CORPORATE GOVERNANCE INDEX       

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 676 737 739 730
Cost of goods sold
Gross profit (loss) 676 737 739 730
Gross profit margin 100% 100% 100% 100%
Operating expenses 676 737 739 730
Operating profit (loss)
Operating profit margin % % % %
EBITDA 33 23 18 14
EBITDA margin 5% 3% 2% 2%
Net profit (loss) 45 55 60 55
Net profit margin 7% 7% 8% 8%
2019-06 2020-06 2021-06 2022-06
Revenue 329 337 328 330
Cost of goods sold
Gross profit (loss) 329 337 328 330
Gross profit margin % % % %
Operating expenses 329 337 328 330
Operating profit (loss)
Operating profit margin % % % %
EBITDA 13 9 6 17
EBITDA margin 4% 3% 2% 5%
Net profit (loss) 24 30 27 38
Net profit margin 7% 9% 8% 12%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 7,227 11,060 9,322 13,987
Intangible assets 15 9 4 13
Tangible assets 30 26 22 15
Financial assets 7,182 11,025 9,296 13,959
Other non-current assets
Current assets 8,758 4,984 6,792 2,190
Inventories and prepaid expenses 0 0 0 0
Accounts receivable in one year 124 108 115 27
Other current assets 494 4,253 4,024 617
Cash and cash equivalents 8,139 623 2,653 1,546
Total assets 15,987 16,046 16,121 16,182
Equity 15,924 15,979 16,039 16,094
Grants and subsidies
Liabilities 63 66 82 87
Financial liabilities
Long-term liabilities
Short-term liabilities 63 66 82 87
Equity and liabilities 15,987 16,046 16,121 16,182
2020-06 2021-06 2022-06
Non-current assets 11,443 14,605 15,049
Intangible assets 6 16 10
Tangible assets 26 18 11
Financial assets 11,411 14,571 15,028
Other non-current assets
Current assets 4,632 1,528 1,137
Inventories and prepaid expenses 1 0 3
Accounts receivable in one year 64 56 57
Other current assets 4,255 1,225
Cash and cash equivalents 312 247 1,078
Total assets 16,087 16,146 16,200
Equity 16,009 16,066 16,132
Grants and subsidies
Liabilities 78 80 67
Financial liabilities
Long-term liabilities
Short-term liabilities 78 80 67
Equity and liabilities 16,087 16,146 16,200

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
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 138.35 75.05 82.94 25.05
Quick ratio 138.34 75.05 82.93 25.05
Turnover ratios
Asset turnover 0.04 0.05 0.05 0.05
Fixed asset turnover 0.14 0.08 0.07 0.06
Equity turnover 0.04 0.05 0.05 0.05
Profitability ratios
EBITDA margin 5% 3% 2% 2%
Operating profit margin % % % %
Net profit margin 7% 7% 8% 8%
Other ratios
Dividends to the State
Dividends paid / net profit

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 0% % 0% 0%
Return on equity (ROE) 0% % 0% 0%
Return on capital employed (ROCE) % % % 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 75.05 59.69 19.20 16.89
Quick ratio 75.05 59.68 19.20 16.85
Turnover ratios
Asset turnover 0.05 0.04 0.02 0.02
Fixed asset turnover 0.08 0.06 0.03 0.02
Equity turnover 0.05 0.04 0.02 0.02
Profitability ratios
EBITDA margin 3% 3% 2% 5%
Operating profit margin % % % %
Net profit margin 7% 9% 8% 12%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 3 mėn. tarpinės ataskaitos 2012 m. 6 mėn. tarpinės ataskaitos 2012 m. 9 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos 2011 m. 6 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

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/
ROE

0.4%

Number of employees

17

Financial data provided as at end-December 2021

Management

  • Aurelija MažintienėDirector General

Information as of: 2023/01/01