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Valdymo koordinavimo centras

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

2016 2017 2018 2019
Revenue 606 492 676 737
Cost of goods sold
Gross profit (loss) 606 492 676 737
Gross profit margin 100% 100% 100% 100%
Operating expenses 606 492 676 737
Operating profit (loss)
Operating profit margin % % % %
EBITDA 23 28 33 23
EBITDA margin 4% 6% 5% 3%
Net profit (loss) 113 43 45 55
Net profit margin 19% 9% 7% 7%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 236 271 329 337
Cost of goods sold
Gross profit (loss) 236 271 329 337
Gross profit margin 100% 100% 100% 100%
Operating expenses 236 271 329 337
Operating profit (loss)
Operating profit margin % % % %
EBITDA 15 13 13 9
EBITDA margin 6% 5% 4% 3%
Net profit (loss) 24 30
Net profit margin 10% 7% 7% 9%

Balance sheet

2016 2017 2018 2019
Non-current assets 3,551 2,488 7,227 11,060
Intangible assets 30 24 15 9
Tangible assets 51 40 30 26
Financial assets 3,470 2,424 7,182 11,025
Other non-current assets
Biological assets
Current assets 12,346 13,428 8,758 4,984
Inventories and prepaid expenses 1 1 0 0
Accounts receivable in one year 4 8 124 108
Other current assets 11,788 986 494 4,253
Cash and cash equivalents 554 12,433 8,139 623
Total assets 15,900 15,920 15,987 16,046
Equity 15,835 15,879 15,924 15,979
Minority share of capital
Grants and subsidies
Liabilities 65 42 63 66
Financial liabilities
Long-term liabilities
Short-term liabilities 65 42 63 66
Equity and liabilities 15,900 15,920 15,987 16,046
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 3,531 3,760 11,575 11,443
Intangible assets 23 18 9 6
Tangible assets 44 33 32 26
Financial assets 3,465 3,710 11,535 11,411
Other non-current assets
Biological assets
Current assets 12,370 12,165 4,415 4,632
Inventories and prepaid expenses 10 0 0 1
Accounts receivable in one year 42 49 69 64
Other current assets 3,800 938 3,424 4,255
Cash and cash equivalents 8,517 11,178 921 312
Total assets 15,901 15,925 15,998 16,087
Equity 15,860 15,897 15,948 16,009
Minority share of capital
Grants and subsidies
Liabilities 41 28 49 78
Financial liabilities
Long-term liabilities
Short-term liabilities 41 28 49 78
Equity and liabilities 15,901 15,925 15,998 16,087

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 1% 0% 0% 0%
Return on equity (ROE) 1% 0% 0% 0%
Return on capital employed (ROCE) % % 0% %
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 191.11 322.01 138.35 75.05
Quick ratio 191.11 322.00 138.34 75.05
Turnover ratios
Asset turnover 0.04 0.03 0.04 0.05
Fixed asset turnover 0.14 0.16 0.14 0.08
Equity turnover 0.04 0.03 0.04 0.05
Profitability ratios
EBITDA margin 4% 6% 5% 3%
Operating profit margin % % % %
Net profit margin 19% 9% 7% 7%
Other ratios
Dividends to the State
Dividends paid / net profit
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) % % % %
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 322.01 432.92 89.36 59.69
Quick ratio 322.00 432.91 89.36 59.68
Turnover ratios
Asset turnover 0.03 0.02 0.02 0.02
Fixed asset turnover 0.16 0.07 0.04 0.03
Equity turnover 0.03 0.02 0.02 0.02
Profitability ratios
EBITDA margin 6% 5% 4% 3%
Operating profit margin % % % %
Net profit margin 9% 7% 7% 9%
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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.iidraudimas.lt/
Return to the State

4 EUR thousand

ROE

0.4%

Number of employees

16

Financial data provided as at end-December 2019

Management

  • Aurelija MažintienėDirector General

Information as of: 2020/10/01