Investicijų ir verslo garantijos
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.
Financial results
P/L Statment
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Revenue | 3,252 | 3,461 | 3,658 | 4,909 |
| Cost of goods sold | ||||
| Gross profit (loss) | 3,252 | 3,461 | 3,658 | 4,909 |
| Gross profit margin | 100% | 100% | 100% | 100% |
| Operating expenses | 2,879 | 3,168 | 2,349 | 4,489 |
| Operating profit (loss) | 374 | 293 | 1,308 | 420 |
| Operating profit margin | 11% | 8% | 36% | 9% |
| EBITDA | 437 | 339 | 1,334 | 610 |
| EBITDA margin | 13% | 10% | 36% | 12% |
| Net profit (loss) | 416 | 299 | 1,131 | 360 |
| Net profit margin | 13% | 9% | 31% | 7% |
| 2018-06 | 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|---|
| Revenue | 1,755 | 1,841 | 2,238 | 2,878 |
| Cost of goods sold | ||||
| Gross profit (loss) | 1,755 | 1,841 | 2,238 | 2,878 |
| Gross profit margin | % | % | 100% | 100% |
| Operating expenses | 1,201 | 755 | 1,965 | 1,977 |
| Operating profit (loss) | 554 | 1,086 | 273 | 901 |
| Operating profit margin | % | % | 59% | 31% |
| EBITDA | 1,110 | 1,004 | ||
| EBITDA margin | % | % | 60% | 35% |
| Net profit (loss) | 498 | 945 | 257 | 780 |
| Net profit margin | % | % | 51% | 27% |
Balance sheet
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Non-current assets | 9,773 | 13,213 | 13,157 | 9,491 |
| Intangible assets | 26 | 82 | 31 | 21 |
| Tangible assets | 44 | 38 | 815 | 719 |
| Financial assets | 9,476 | 12,748 | 12,016 | 8,477 |
| Other non-current assets | 227 | 345 | 296 | 274 |
| Current assets | 9,647 | 7,259 | 7,713 | 24,914 |
| Inventories and prepaid expenses | 43 | 41 | 0 | |
| Accounts receivable in one year | 3,872 | 4,320 | 3,576 | 7,468 |
| Other current assets | 3,313 | 1,154 | 2,404 | 3,735 |
| Cash and cash equivalents | 2,419 | 1,745 | 1,733 | 13,710 |
| Total assets | 19,420 | 20,472 | 20,870 | 34,404 |
| Equity | 11,633 | 11,576 | 12,502 | 12,062 |
| Grants and subsidies | 75 | 29 | 10 | |
| Liabilities | 7,787 | 8,821 | 8,339 | 22,332 |
| Financial liabilities | ||||
| Long-term liabilities | 861 | 804 | 1,399 | 1,256 |
| Short-term liabilities | 1,676 | 1,666 | 1,791 | 12,340 |
| Equity and liabilities | 19,420 | 20,472 | 20,870 | 34,404 |
| 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|
| Non-current assets | 12,459 | 10,719 | 7,999 |
| Intangible assets | 70 | 20 | 10 |
| Tangible assets | 36 | 781 | 640 |
| Financial assets | 12,089 | 9,629 | 7,139 |
| Other non-current assets | 264 | 289 | 209 |
| Current assets | 7,170 | 12,781 | 14,958 |
| Inventories and prepaid expenses | 45 | 0 | |
| Accounts receivable in one year | 3,823 | 5,989 | 7,876 |
| Other current assets | 1,602 | 3,837 | 2,685 |
| Cash and cash equivalents | 1,700 | 2,955 | 4,398 |
| Total assets | 19,629 | 23,500 | 22,957 |
| Equity | 12,305 | 11,960 | 12,555 |
| Grants and subsidies | 66 | 19 | |
| Liabilities | 7,258 | 11,521 | 10,402 |
| Financial liabilities | 461 | ||
| Long-term liabilities | 964 | 1,251 | 555 |
| Short-term liabilities | 77 | ||
| Equity and liabilities | 19,629 | 23,499 | 22,957 |
Financial ratios
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 1% | 5% | 1% |
| Return on equity (ROE) | 4% | 3% | 9% | 3% |
| Return on capital employed (ROCE) | 4% | 3% | 14% | 4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | ||||
| Current Ratio | 5.75 | 4.36 | 4.31 | 2.02 |
| Quick ratio | 5.73 | 4.33 | 4.31 | 2.02 |
| Turnover ratios | ||||
| Asset turnover | 0.17 | 0.17 | 0.18 | 0.18 |
| Fixed asset turnover | 0.34 | 0.30 | 0.28 | 0.43 |
| Equity turnover | 0.28 | 0.30 | 0.30 | 0.40 |
| Profitability ratios | ||||
| EBITDA margin | 13% | 10% | 36% | 12% |
| Operating profit margin | 11% | 8% | 36% | 9% |
| Net profit margin | 13% | 9% | 31% | 7% |
| Other ratios | ||||
| Dividends to the State | 311.97 | 204.45 | 799.54 | 287.66 |
| Dividends paid / net profit | 0.75 | 0.68 | 0.71 | 0.80 |
| 2018-06 | 2019-06 | 2020-06 | 2021-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | % | % | 4% |
| Return on equity (ROE) | 4% | % | % | 7% |
| Return on capital employed (ROCE) | 4% | -0% | 9% | 8% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.04 | |||
| Current Ratio | 5.75 | 194.41 | ||
| Quick ratio | 5.73 | 194.41 | ||
| Turnover ratios | ||||
| Asset turnover | 0.17 | 0.19 | 0.10 | 0.12 |
| Fixed asset turnover | 0.34 | 0.30 | 0.19 | 0.31 |
| Equity turnover | 0.28 | 0.30 | 0.18 | 0.23 |
| Profitability ratios | ||||
| EBITDA margin | 13% | % | 60% | 35% |
| Operating profit margin | 11% | % | 59% | 31% |
| Net profit margin | 13% | % | 51% | 27% |
| 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 obligationsPerformes non-commercial special obligations
- Share belonging to the State100%
Return to the State
288 EUR thousand
ROE
2.9%
Number of employees
94
Financial data provided as at end-December 2020
Management
- Kęstutis MotiejūnasDirector General
Information as of: 2022/05/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Alditas SauliusBanking expert; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Vytenis LabanauskasUAB Baltoskandijos investicija; VšĮ Sveikatos žinios; UAB HETNET CONSULTING; Independent member
- Viktorija TrimbelUAB Quantum Capital; Independent member
- Tomas UrbanMinistry of the Economy and Innovation
- Irma PatapienėMinistry of Finance
Information as of: 2022/05/01
Supervisory board
CHAIRMAN OF THE SUPERVISORY BOARD
- Arūnas ČiuladaUAB Synergy finance; Independent member
SUPERVISORY BOARD MEMBERS
- Mantas ŠukevičiusUAB Victory Funds; Indendent member
- Laura BaškytėMinistry of the Economy and Innovation
- Osvaldas ŠmitasMinistry of the Economy and Innovation
- Laura Garbenčiūtė-BakienėKU Taupa; Indendent member
Information as of: 2022/05/01
