Investicijų ir verslo garantijos
2001 The Government of the Republic of Lithuania has established a guarantee institution UAB “Investicijų ir verslo garantijos” (INVEGA). The Company’s areas of activity are provision of guarantees, provision and administration of soft loans, venture capital investment, administration of partial coverage of loan interest, implementation of financial engineering instruments and other activities.
Financial results
P/L Statment
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Revenue | 1,353 | 3,252 | 3,461 | 3,658 |
| Cost of goods sold | 83 | |||
| Gross profit (loss) | 1,270 | 3,252 | 3,461 | 3,658 |
| Gross profit margin | 94% | 100% | 100% | 100% |
| Operating expenses | 361 | 2,879 | 3,168 | 2,349 |
| Operating profit (loss) | 909 | 374 | 293 | 1,308 |
| Operating profit margin | 67% | 11% | 8% | 36% |
| EBITDA | 969 | 437 | 339 | 1,334 |
| EBITDA margin | 72% | 13% | 10% | 36% |
| Net profit (loss) | 929 | 416 | 299 | 1,131 |
| Net profit margin | 69% | 13% | 9% | 31% |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Revenue | 679 | 697 | 1,841 | 2,238 |
| Cost of goods sold | 59 | 28 | ||
| Gross profit (loss) | 620 | 669 | 1,841 | 2,238 |
| Gross profit margin | 91% | 96% | 100% | 100% |
| Operating expenses | 102 | 116 | 755 | 1,965 |
| Operating profit (loss) | 518 | 553 | 1,086 | 273 |
| Operating profit margin | 76% | 79% | 59% | 12% |
| EBITDA | 521 | 554 | 1,100 | 365 |
| EBITDA margin | 77% | 79% | 60% | 16% |
| Net profit (loss) | 90 | 86 | 945 | 257 |
| Net profit margin | 73% | 71% | 51% | 11% |
Balance sheet
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Non-current assets | 9,197 | 9,773 | 13,213 | 13,157 |
| Intangible assets | 46 | 26 | 82 | 31 |
| Tangible assets | 69 | 44 | 38 | 815 |
| Financial assets | 8,934 | 9,476 | 12,748 | 12,016 |
| Other non-current assets | 148 | 227 | 345 | 296 |
| Biological assets | ||||
| Current assets | 10,660 | 9,647 | 7,259 | 7,713 |
| Inventories and prepaid expenses | 36 | 43 | 41 | 49 |
| Accounts receivable in one year | 4,422 | 3,872 | 4,320 | 3,527 |
| Other current assets | 4,046 | 3,313 | 1,154 | 2,404 |
| Cash and cash equivalents | 2,156 | 2,419 | 1,745 | 1,733 |
| Total assets | 19,857 | 19,420 | 20,472 | 20,870 |
| Equity | 11,867 | 11,633 | 11,576 | 12,502 |
| Minority share of capital | ||||
| Grants and subsidies | 75 | 29 | ||
| Liabilities | 7,990 | 7,787 | 8,821 | 8,339 |
| Financial liabilities | ||||
| Long-term liabilities | 847 | 861 | 804 | 1,399 |
| Short-term liabilities | 1,952 | 1,676 | 1,666 | 1,791 |
| Equity and liabilities | 19,857 | 19,420 | 20,472 | 20,870 |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Non-current assets | 8,622 | 11,487 | 12,459 | 10,719 |
| Intangible assets | 34 | 13 | 70 | 20 |
| Tangible assets | 54 | 47 | 36 | 781 |
| Financial assets | 8,340 | 11,202 | 12,089 | 9,629 |
| Other non-current assets | 194 | 225 | 264 | 289 |
| Biological assets | ||||
| Current assets | 11,415 | 7,901 | 7,170 | 12,781 |
| Inventories and prepaid expenses | 27 | 40 | 45 | 0 |
| Accounts receivable in one year | 4,608 | 4,155 | 3,823 | 5,989 |
| Other current assets | 5,170 | 2,267 | 1,602 | 3,837 |
| Cash and cash equivalents | 1,610 | 1,439 | 1,700 | 2,955 |
| Total assets | 20,037 | 19,388 | 19,629 | 23,500 |
| Equity | 11,717 | 11,819 | 12,305 | 11,960 |
| Minority share of capital | ||||
| Grants and subsidies | 66 | 19 | ||
| Liabilities | 8,320 | 7,569 | 7,258 | 11,521 |
| Financial liabilities | ||||
| Long-term liabilities | 60 | 947 | 964 | 1,251 |
| Short-term liabilities | 8,260 | 6,622 | 1,233 | 3,148 |
| Equity and liabilities | 20,037 | 19,388 | 19,629 | 23,500 |
Financial ratios
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 5% | 2% | 1% | 5% |
| Return on equity (ROE) | 8% | 4% | 3% | 9% |
| Return on capital employed (ROCE) | 10% | 4% | 3% | 14% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | ||||
| Current Ratio | 5.46 | 5.75 | 4.36 | 4.31 |
| Quick ratio | 5.44 | 5.73 | 4.33 | 4.28 |
| Turnover ratios | ||||
| Asset turnover | 0.07 | 0.17 | 0.17 | 0.18 |
| Fixed asset turnover | 0.15 | 0.34 | 0.30 | 0.28 |
| Equity turnover | 0.12 | 0.28 | 0.30 | 0.30 |
| Profitability ratios | ||||
| EBITDA margin | 72% | 13% | 10% | 36% |
| Operating profit margin | 67% | 11% | 8% | 36% |
| Net profit margin | 69% | 13% | 9% | 31% |
| Other ratios | ||||
| Dividends to the State | 650.00 | 311.97 | 204.45 | 799.54 |
| Dividends paid / net profit | 0.70 | 0.75 | 0.68 | 0.71 |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 2% | 4% | 2% |
| Return on equity (ROE) | 4% | 4% | 6% | 4% |
| Return on capital employed (ROCE) | 4% | 9% | 12% | 3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | ||||
| Current Ratio | 5.75 | 1.19 | 5.82 | 4.06 |
| Quick ratio | 5.73 | 1.19 | 5.78 | 4.06 |
| Turnover ratios | ||||
| Asset turnover | 0.17 | 0.04 | 0.09 | 0.10 |
| Fixed asset turnover | 0.34 | 0.07 | 0.15 | 0.19 |
| Equity turnover | 0.28 | 0.06 | 0.15 | 0.18 |
| Profitability ratios | ||||
| EBITDA margin | 13% | 79% | 60% | 16% |
| Operating profit margin | 11% | 79% | 59% | 12% |
| Net profit margin | 13% | 71% | 51% | 11% |
| Other ratios | ||||
| Dividends to the State | 311.97 | |||
| Dividends paid / net profit | 0.75 |
Financial statments
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
Expectations of the state
Target return on equity undefined
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 the Economy and Innovation
- Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
- Share belonging to the State100%
Return to the State
800 EUR thousand
ROE
9.4%
Number of employees
53
Financial data provided as at end-December 2019
