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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 2023-2025

  • Income of the Deposit Insurance Fund from insurance premiums, from bankrupt credit institutions (coverage of creditors’ claims), etc., ml. EUR::
    • 2023 – 30,2
    • 2024 – 31,3
    • 2025 – 32,9
  • Financial resources of the liability insurance fund for investors, mln. euros:
    • 2023 – 3,0
    • 2024 – 3,1
    • 2025 – 3,2
  • Satisfaction of financial market participants, percent:
    • 2023-2025 ≥ 90
  • Employee job satisfaction, coefficient:
    • 2023-2025 ≥ 3,5

          2022/23 GOOD CORPORATE GOVERNANCE INDEX

                

      2021/22 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

2019 2020 2021 2022
Revenue 737 739 730 761
Cost of goods sold
Gross profit (loss) 737 739 730 761
Gross profit margin 100% 100% 100% 100%
Operating expenses 737 739 730 761
Operating profit (loss) 0 0 0 0
Operating profit margin 0% 0% 0% 0%
EBITDA 23 18 14 24
EBITDA margin 3% 2% 2% 3%
Net profit (loss) 55 60 55 76
Net profit margin 7% 8% 8% 10%
2020-06 2021-06 2022-06 2023-06
Revenue 337 328 330 386
Cost of goods sold 0
Gross profit (loss) 337 328 330 386
Gross profit margin 100% 100% 100% 100%
Operating expenses 337 328 330 386
Operating profit (loss) 0 0 0 0
Operating profit margin 0% 0% 0% 0%
EBITDA 9 6 17 6
EBITDA margin 3% 2% 5% 2%
Net profit (loss) 30 27 38 46
Net profit margin 9% 8% 12% 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

2019 2020 2021 2022
Non-current assets 11,060 9,322 13,987 14,465
Intangible assets 9 4 13 7
Tangible assets 26 22 15 9
Financial assets 11,025 9,296 13,959 14,448
Other non-current assets
Current assets 4,984 6,792 2,190 1,796
Inventories and prepaid expenses 0 0 0 1
Accounts receivable in one year 108 115 27 32
Other current assets 4,253 4,024 617 1,071
Cash and cash equivalents 623 2,653 1,546 692
Total assets 16,046 16,121 16,182 16,274
Equity 15,979 16,039 16,094 16,170
Grants and subsidies
Liabilities 66 82 87 104
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 66 82 87 104
Equity and liabilities 16,046 16,121 16,182 16,274
2020-06 2021-06 2022-06 2023-06
Non-current assets 11,443 14,605 15,049 14,571
Intangible assets 6 16 10 5
Tangible assets 26 18 11 7
Financial assets 11,411 14,571 15,028 14,559
Other non-current assets 0
Current assets 4,632 1,528 1,137 1,722
Inventories and prepaid expenses 1 0 3 1
Accounts receivable in one year 64 56 57 78
Other current assets 4,255 1,225 0 502
Cash and cash equivalents 312 247 1,078 1,141
Total assets 16,087 16,146 16,200 16,305
Equity 16,009 16,066 16,132 16,216
Grants and subsidies 0
Liabilities 78 80 67 89
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 78 80 67 89
Equity and liabilities 16,087 16,146 16,200 16,305

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

Financial ratios

2019 2020 2021 2022
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% 0% 0% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 75.05 82.94 25.05 17.22
Quick ratio 75.05 82.93 25.05 17.21
Turnover ratios
Asset turnover 0.05 0.05 0.05 0.05
Fixed asset turnover 0.07 0.08 0.05 0.05
Equity turnover 0.05 0.05 0.05 0.05
Profitability ratios
EBITDA margin 3% 2% 2% 3%
Operating profit margin 0% 0% 0% 0%
Net profit margin 7% 8% 8% 10%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* Left axis

** Right axis

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

2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 0% 0% 0% 1%
Return on equity (ROE) 0% 0% 0% 1%
Return on capital employed (ROCE) 0% 0% 0% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 59.69 19.20 16.89 19.35
Quick ratio 59.68 19.20 16.85 19.34
Turnover ratios
Asset turnover 0.02 0.02 0.02 0.02
Fixed asset turnover 0.03 0.02 0.02 0.03
Equity turnover 0.02 0.02 0.02 0.02
Profitability ratios
EBITDA margin 3% 2% 5% 2%
Operating profit margin 0% 0% 0% 0%
Net profit margin 9% 8% 12% 12%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
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

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

0.5%

Number of employees

17

Financial data provided as at end-December 2022

Management

  • Aurelija MažintienėChief Executive Officer

Information as of: 2023/11/03