Jonavos grūdai
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.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Average annual EBITDA:
- 2022–2024 ≥ 900 thousand Eur.
- Annual ratio of total liabilities to equity:
- 2022–2024 ≤ 1,5 times.
- Dividends paid for the calendar year:
- 2022 m. ≥ 280 thousand Eur.,
- 2023–2024 +3 percent annual growth
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024
- Debt overdue rate,%:
- 2022-2024 < 1
- Solvency ratio, amount:
- 2022-2024 > 1,5
- The amount of grain accepted during the previous year as a percentage. from the total harvest of cereals and oilseeds in Lithuania::
- 2022-2024 – 1,3
- Number of internal and external staff trainings, pcs :
- 2022-2024 after > 10
2021/22 GOOD CORPORATE GOVERNANCE INDEX
2020/21 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
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 7,325 | 9,051 | 9,149 | 8,809 |
| Cost of goods sold | 6,234 | 8,350 | 8,121 | 7,775 |
| Gross profit (loss) | 1,091 | 701 | 1,028 | 1,034 |
| Gross profit margin | 15% | 8% | 11% | 12% |
| Operating expenses | 549 | 607 | 586 | 495 |
| Operating profit (loss) | 542 | 94 | 443 | 539 |
| Operating profit margin | 7% | 1% | 5% | 6% |
| EBITDA | 970 | 537 | 904 | 1,101 |
| EBITDA margin | 13% | 6% | 10% | 12% |
| Net profit (loss) | 459 | 113 | 397 | 495 |
| Net profit margin | 6% | 1% | 4% | 6% |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Revenue | 1,749 | 1,733 | 4,732 | 3,502 |
| Cost of goods sold | 1,829 | 1,672 | 4,432 | 2,790 |
| Gross profit (loss) | -80 | 61 | 300 | 711 |
| Gross profit margin | % | % | % | % |
| Operating expenses | 186 | 187 | 215 | 252 |
| Operating profit (loss) | -267 | -126 | 85 | 460 |
| Operating profit margin | % | % | % | % |
| EBITDA | -51 | 85 | 320 | 753 |
| EBITDA margin | -3% | 5% | 7% | 22% |
| Net profit (loss) | -238 | -109 | 75 | 412 |
| Net profit margin | -14% | -6% | 2% | 12% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 3,512 | 3,213 | 3,463 | 3,280 |
| Intangible assets | 1 | 3 | ||
| Tangible assets | 3,512 | 3,213 | 3,460 | 3,280 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 2,947 | 6,528 | 6,113 | 3,265 |
| Inventories and prepaid expenses | 1,388 | 1,441 | 4,202 | 2,141 |
| Accounts receivable in one year | 1,207 | 5,039 | 821 | 928 |
| Other current assets | ||||
| Cash and cash equivalents | 352 | 49 | 1,090 | 195 |
| Total assets | 6,468 | 9,750 | 9,588 | 6,551 |
| Equity | 6,116 | 5,807 | 5,987 | 6,170 |
| Grants and subsidies | 48 | 40 | 30 | 23 |
| Liabilities | 304 | 3,904 | 3,571 | 357 |
| Financial liabilities | 2,799 | 2,279 | ||
| Long-term liabilities | ||||
| Short-term liabilities | 203 | 3,812 | 3,460 | 275 |
| Equity and liabilities | 6,468 | 9,750 | 9,588 | 6,551 |
| 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|
| Non-current assets | 3,272 | 3,535 | 3,060 |
| Intangible assets | 3 | ||
| Tangible assets | 3,269 | 3,535 | 3,060 |
| Financial assets | |||
| Other non-current assets | |||
| Current assets | 2,377 | 2,723 | 3,451 |
| Inventories and prepaid expenses | 414 | 464 | 230 |
| Accounts receivable in one year | 254 | 897 | 434 |
| Other current assets | |||
| Cash and cash equivalents | 1,709 | 1,362 | 2,788 |
| Total assets | 5,660 | 6,264 | 6,522 |
| Equity | 5,481 | 5,750 | 6,136 |
| Grants and subsidies | 35 | 26 | 20 |
| Liabilities | 144 | 487 | 367 |
| Financial liabilities | 18 | ||
| Long-term liabilities | 15 | ||
| Short-term liabilities | 94 | 429 | 269 |
| Equity and liabilities | 5,660 | 6,264 | 6,522 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 7% | 1% | 4% | 6% |
| Return on equity (ROE) | 7% | 2% | 7% | 8% |
| Return on capital employed (ROCE) | 19% | 5% | 16% | 19% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.48 | 0.38 | ||
| Current Ratio | 14.51 | 1.71 | 1.77 | 11.87 |
| Quick ratio | 7.68 | 1.33 | 0.55 | 4.09 |
| Turnover ratios | ||||
| Asset turnover | 1.09 | 1.12 | 0.95 | 1.09 |
| Fixed asset turnover | 2.12 | 2.69 | 2.74 | 2.61 |
| Equity turnover | 1.17 | 1.52 | 1.55 | 1.45 |
| Profitability ratios | ||||
| EBITDA margin | 13% | 6% | 10% | 12% |
| Operating profit margin | 7% | 1% | 5% | 6% |
| Net profit margin | 6% | 1% | 4% | 6% |
| Other ratios | ||||
| Dividends to the State | 296.03 | 151.98 | 218.78 | 304.65 |
| Dividends paid / net profit | 0.65 | 1.35 | 0.55 | 0.62 |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | % | 7% | 13% |
| Return on equity (ROE) | 2% | % | 10% | 14% |
| Return on capital employed (ROCE) | 5% | -3% | 3% | 16% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.48 | 0.00 | ||
| Current Ratio | 1.71 | 25.31 | 6.35 | 12.81 |
| Quick ratio | 1.33 | 20.91 | 5.27 | 11.96 |
| Turnover ratios | ||||
| Asset turnover | 1.12 | 0.61 | 0.79 | 0.55 |
| Fixed asset turnover | 2.69 | 1.06 | 1.39 | 1.06 |
| Equity turnover | 1.52 | 0.63 | 0.84 | 0.59 |
| Profitability ratios | ||||
| EBITDA margin | 6% | 5% | 7% | 22% |
| Operating profit margin | 1% | % | % | % |
| Net profit margin | 1% | -6% | 2% | 12% |
| Other ratios | ||||
| Dividends to the State | 151.98 | |||
| Dividends paid / net profit | 1.35 |
Financial statments
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 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%
ROE
14.0%
Number of employees
34
Financial data provided as at end-December 2021
Management
- Darius KarpavičiusDirector General
Information as of: 2023/01/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Andrejus Cedronas MB Todilė; MB Ego nova; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Jonas Vankevičius UAB OGMIOS PULSAS; Independent member
- Alenas Gumuliauskas Aventus Group; Independent member
- Rūta Pupkaitė-Jurgutienė Ministry of Agriculture
- Linas LapinskasMinistry of Agriculture
- Tomas UrbonasJSC Agrokoncerno grūdai
Information as of: 2023/01/01
