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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB Investicijų ir verslo garantijos (INVEGA) is a national development institution established by the Government of the Republic of Lithuania to help Lithuanian businesses obtain the financing they need. INVEGA uses taxpayers’ money efficiently, assesses risks competently and focuses on business projectsthat create wealth for the whole country: its guarantees help to solve the problem of insufficient or unattractive collateral for financial institutions, administration and direct provision of soft loans, subsidies and venture capital instruments facilitate access to finance.

         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

2020 2021 2022 2023
Revenue 4,909 6,050 6,976 18,105
Cost of goods sold
Gross profit (loss) 4,909 6,050 6,976 18,105
Gross profit margin 100% 100% 100% 100%
Operating expenses 4,124 5,182 6,103 15,407
Operating profit (loss) 420 952 959 8,622
Operating profit margin 9% 16% 14% 48%
EBITDA 611 1,184 1,254 9,334
EBITDA margin 12% 20% 18% 52%
Net profit (loss) 360 816 841 7,668
Net profit margin 7% 13% 12% 42%
2020-06 2021-06 2022-06 2023-06
Revenue 2,238 2,878 3,486 8,668
Cost of goods sold 0 0 0 0
Gross profit (loss) 2,238 2,878 3,486 8,668
Gross profit margin 100% 100% 100% 100%
Operating expenses 1,748 2,392 2,968 7,283
Operating profit (loss) 273 901 521 3,947
Operating profit margin 12% 31% 15% 46%
EBITDA 365 1,003 658 4,406
EBITDA margin 16% 35% 19% 51%
Net profit (loss) 257 780 454 3,574
Net profit margin 11% 27% 13% 41%

* Left axis

** Right axis

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

Balance sheet

2020 2021 2022 2023
Non-current assets 9,491 6,711 11,137 47,278
Intangible assets 21 18 39 761
Tangible assets 719 747 537 640
Financial assets 8,477 5,684 10,362 20,242
Other non-current assets 274 262 199 25,634
Current assets 24,914 22,219 17,678 43,813
Inventories and prepaid expenses 0 0 0
Accounts receivable in one year 7,468 11,169 11,528 13,661
Other current assets 3,735 4,497 5,474 14,563
Cash and cash equivalents 13,710 6,554 676 15,589
Total assets 34,404 28,930 28,815 91,091
Equity 12,062 12,590 12,861 57,744
Grants and subsidies 10 0 128
Liabilities 11,663 1,847 1,188 2,297
Financial liabilities 616 691 247 0
Long-term liabilities 555 622 354 315
Short-term liabilities 11,108 1,225 834 1,982
Equity and liabilities 34,404 28,930 28,815 91,091
2020-06 2021-06 2022-06 2023-06
Non-current assets 10,719 7,999 11,973 50,799
Intangible assets 20 10 21 7,584
Tangible assets 781 640 622 1,076
Financial assets 9,629 7,139 11,111 22,534
Other non-current assets 289 209 219 19,605
Current assets 12,781 14,958 16,797 47,233
Inventories and prepaid expenses 0 0 0
Accounts receivable in one year 5,989 7,876 12,527 14,597
Other current assets 3,837 2,685 3,216 22,635
Cash and cash equivalents 2,955 4,398 1,054 10,001
Total assets 23,500 22,957 28,770 98,032
Equity 11,960 12,555 12,473 56,863
Grants and subsidies 19 0 28
Liabilities 4,399 2,882 1,197 2,883
Financial liabilities 0 538 577 481
Long-term liabilities 1,251 555 540 379
Short-term liabilities 3,148 2,327 658 2,503
Equity and liabilities 23,500 22,957 28,770 98,032

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

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 1% 3% 3% 13%
Return on equity (ROE) 3% 7% 7% 22%
Return on capital employed (ROCE) 3% 7% 7% 15%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.02 0.01
Current Ratio 2.24 18.14 21.20 22.10
Quick ratio 2.24 18.14 21.20 22.10
Turnover ratios
Asset turnover 0.14 0.21 0.24 0.20
Fixed asset turnover 0.52 0.90 0.63 0.38
Equity turnover 0.41 0.48 0.54 0.31
Profitability ratios
EBITDA margin 12% 20% 18% 52%
Operating profit margin 9% 16% 14% 48%
Net profit margin 7% 13% 12% 42%
Other ratios
Dividends to the State 287.66 570.89 631.00 573.20
Dividends paid / net profit 0.80 0.70 0.75 0.07

* 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) 2% 4% 2% 6%
Return on equity (ROE) 4% 7% 4% 11%
Return on capital employed (ROCE) 2% 7% 4% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.02 0.02 0.00
Current Ratio 4.06 6.43 25.54 18.87
Quick ratio 4.06 6.43 25.54 18.87
Turnover ratios
Asset turnover 0.10 0.13 0.12 0.09
Fixed asset turnover 0.21 0.36 0.29 0.17
Equity turnover 0.19 0.23 0.28 0.15
Profitability ratios
EBITDA margin 16% 35% 19% 51%
Operating profit margin 12% 31% 15% 46%
Net profit margin 11% 27% 13% 41%
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. metinės 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. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos
2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameUAB „Investicijų ir verslo garantijos“
  • Legal formPrivate limited liability company (UAB)
  • Company code110084026
  • SectorOther
  • Line of businessGrants to small and medium-size enterprises
  • Institution representing the StateMinistry of Finance
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://invega.lt/
Return to the State

573 EUR thousand

ROE

21.7%

Number of employees

259

Financial data provided as at end-December 2023

Management

  • Dainius VilčinskasChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Dainius VilčinskasUAB Investicijų ir verslo garantijos

MEMBERS OF THE BOARD OF DIRECTORS

  • Inga BeiliūnienėUAB Investicijų ir verslo garantijos
  • Lina StragauskienėUAB Investicijų ir verslo garantijos
  • Jonas KanapeckasUAB Investicijų ir verslo garantijos
  • Giedrė GečiauskienėUAB Investicijų ir verslo garantijos; UAB Būsto paskolų draudimas

Information as of: 2024/06/03

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Daina KleponėIndependent member; Vilnius Gediminas Technical University

SUPERVISORY BOARD MEMBERS

  • Aivaras ČičelisIndependent member; BMI Executive Institute, VšĮ; UAB Švaros broliai; PRO BRO Car Wash Systems, UAB; PRO BRO Group, UAB; AB HISK
  • Saulius GalatiltisIndependent member; UAB Foxpay
  • Povilas KriaučeliūnasMinistry of the Economy and Innovation
  • Pascal LagardeIndependent member; Bifrance; European Investment Fund (EIF)
  • Aurimas SaladžiusMinistry of Environment; VĮ Valstybinių miškų urėdija
  • Irma PatapienėMinistry of Finance

Information as of: 2024/06/03

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO