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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

          2020 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%
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

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
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

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
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

17

Financial data provided as at end-December 2021

Management

  • Aurelija MažintienėDirector General

Information as of: 2022/09/01