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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The company started its business in 1974. 1995 it was reorganized into a special purpose joint-stock company Jonavos Grūdai, and in 2003 it was registered as AB “Jonavos Grūdai”. The company carries out grain and rapeseed processing and storage services, as well as  grain and rapeseed wholesale.

          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 9,149 8,809 9,321 20,712
Cost of goods sold 8,121 7,775 7,718 20,077
Gross profit (loss) 1,028 1,034 1,603 635
Gross profit margin 11% 12% 17% 3%
Operating expenses 579 486 1,284 1,074
Operating profit (loss) 443 539 318 -440
Operating profit margin 5% 6% 3% -2%
EBITDA 904 1,101 963 205
EBITDA margin 10% 12% 10% 1%
Net profit (loss) 397 495 410 617
Net profit margin 4% 6% 4% 3%
2020-06 2021-06 2022-06 2023-06
Revenue 1,733 4,732 3,470 15,831
Cost of goods sold 1,672 4,432 2,790 15,491
Gross profit (loss) 61 300 679 340
Gross profit margin 4% 6% 20% 2%
Operating expenses 187 205 251 377
Operating profit (loss) -126 85 428 -38
Operating profit margin -7% 2% 12% -0%
EBITDA 86 320 721 271
EBITDA margin 5% 7% 21% 2%
Net profit (loss) -109 75 380 357
Net profit margin -6% 2% 11% 2%

* 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 3,463 3,280 2,839 2,993
Intangible assets 3
Tangible assets 3,460 3,280 2,839 2,993
Financial assets
Other non-current assets
Current assets 6,113 3,265 16,932 12,551
Inventories and prepaid expenses 4,202 2,141 13,335 11,213
Accounts receivable in one year 821 928 1,999 233
Other current assets
Cash and cash equivalents 1,090 195 1,597 1,105
Total assets 9,588 6,551 19,793 15,567
Equity 5,987 6,170 6,134 6,345
Grants and subsidies 30 23 17 10
Liabilities 3,460 275 13,555 9,083
Financial liabilities 0 0 16 9
Long-term liabilities 9 1
Short-term liabilities 3,460 275 13,546 9,081
Equity and liabilities 9,588 6,551 19,793 15,567
2020-06 2021-06 2022-06 2023-06
Non-current assets 3,272 3,535 3,060 2,944
Intangible assets 3 0 0 0
Tangible assets 3,269 3,535 3,060 2,944
Financial assets 0
Other non-current assets 0
Current assets 2,377 2,723 3,451 4,404
Inventories and prepaid expenses 414 464 230 1,339
Accounts receivable in one year 254 897 434 841
Other current assets 0 1,000
Cash and cash equivalents 1,709 1,362 2,788 1,223
Total assets 5,660 6,264 6,522 7,372
Equity 5,481 5,750 6,136 6,086
Grants and subsidies 35 26 20 13
Liabilities 94 429 284 1,186
Financial liabilities 0 0 18 12
Long-term liabilities 0 0 15 9
Short-term liabilities 94 429 269 1,177
Equity and liabilities 5,660 6,264 6,522 7,372

* 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) 4% 6% 3% 3%
Return on equity (ROE) 7% 8% 7% 10%
Return on capital employed (ROCE) 7% 9% 5% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.24 0.00 0.65 0.47
Current Ratio 1.77 11.87 1.25 1.38
Quick ratio 0.55 4.09 0.27 0.15
Turnover ratios
Asset turnover 0.95 1.34 0.47 1.33
Fixed asset turnover 2.64 2.69 3.28 6.92
Equity turnover 1.53 1.43 1.52 3.26
Profitability ratios
EBITDA margin 10% 12% 10% 1%
Operating profit margin 5% 6% 3% -2%
Net profit margin 4% 6% 4% 3%
Other ratios
Dividends to the State 218.78 304.65 292.86 390.48
Dividends paid / net profit 0.55 0.62 0.71 0.63

* 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) 4% 10% 13% 6%
Return on equity (ROE) 4% 10% 13% 6%
Return on capital employed (ROCE) -2% 1% 7% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 25.31 6.35 12.81 3.74
Quick ratio 20.91 5.27 11.96 2.60
Turnover ratios
Asset turnover 0.31 0.76 0.53 2.15
Fixed asset turnover 0.53 1.34 1.13 5.38
Equity turnover 0.32 0.82 0.57 2.60
Profitability ratios
EBITDA margin 5% 7% 21% 2%
Operating profit margin -7% 2% 12% -0%
Net profit margin -6% 2% 11% 2%
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. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 3 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos
2011 m. metinės ataskaitos 2011m. 9 mėn. tarpinės ataskaitos 2011 m. 6 mėn. tarpinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB „Jonavos grūdai“
  • Legal formPublic limited liability company (AB)
  • Company code156511418
  • SectorOther
  • Line of businessWholesale of grain and rapeseeds
  • Institution representing the StateMinistry of Agriculture
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State70.13%
http://www.jonavosgrudai.lt/
Return to the State

390 EUR thousand

ROE

9.9%

Number of employees

36

Financial data provided as at end-December 2023

Management

  • Darius KarpavičiusChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Andrejus Cedronas Independent member; MB Ego nova; UAB Šiaurės karjerai; MB "Adhouse LT"

MEMBERS OF THE BOARD OF DIRECTORS

  • Jonas Vankevičius Independent member; UAB PRUMOS
  • Alenas Gumuliauskas Independent member; UAB Demus Asset Management
  • Rūta Pupkaitė-Jurgutienė Ministry of Agriculture
  • Linas LapinskasMinistry of Agriculture
  • Tomas UrbonasJSC Agrokoncerno grūdai

Information as of: 2024/06/03

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO