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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.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 7,608 5,700 7,325 9,051
Cost of goods sold 6,145 4,080 6,234 8,350
Gross profit (loss) 1,464 1,620 1,091 701
Gross profit margin 19% 28% 15% 8%
Operating expenses 755 565 549 607
Operating profit (loss) 709 1,055 542 94
Operating profit margin 9% 19% 7% 1%
EBITDA 1,142 1,410 970 537
EBITDA margin 15% 25% 13% 6%
Net profit (loss) 656 940 459 113
Net profit margin 9% 16% 6% 1%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 1,361 2,785 1,749 1,733
Cost of goods sold 1,081 2,410 1,829 1,672
Gross profit (loss) 280 375 -80 61
Gross profit margin 21% 13% -5% 4%
Operating expenses 203 237 186 187
Operating profit (loss) 78 138 -267 -126
Operating profit margin 6% 5% -15% -7%
EBITDA 239 346 -47 86
EBITDA margin 18% 12% -3% 5%
Net profit (loss) 16 25 -238 -109
Net profit margin 7% 5% -14% -6%

* Left axis

** Right axis

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

Balance sheet

2016 2017 2018 2019
Non-current assets 3,222 3,389 3,512 3,213
Intangible assets 23 4 1
Tangible assets 3,200 3,385 3,512 3,213
Financial assets
Other non-current assets
Biological assets
Current assets 3,326 3,521 2,947 6,528
Inventories and prepaid expenses 624 1,895 1,388 1,441
Accounts receivable in one year 1,402 1,022 1,207 5,039
Other current assets
Cash and cash equivalents 1,299 604 352 49
Total assets 6,556 6,918 6,468 9,750
Equity 6,053 6,395 6,116 5,807
Minority share of capital
Grants and subsidies 11 57 48 40
Liabilities 489 453 304 3,904
Financial liabilities 2,799
Long-term liabilities
Short-term liabilities 420 372 203 3,812
Equity and liabilities 6,556 6,918 6,468 9,750
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 3,454 3,484 3,329 3,272
Intangible assets 13 1 3
Tangible assets 3,440 3,483 3,329 3,269
Financial assets
Other non-current assets
Biological assets
Current assets 2,276 2,682 2,283 2,377
Inventories and prepaid expenses 341 666 264 414
Accounts receivable in one year 742 1,356 451 254
Other current assets
Cash and cash equivalents 1,193 661 1,568 1,709
Total assets 5,729 6,166 5,621 5,660
Equity 5,544 5,798 5,456 5,481
Minority share of capital
Grants and subsidies 10 53 44 35
Liabilities 176 315 121 144
Financial liabilities
Long-term liabilities 81
Short-term liabilities 176 234 63 94
Equity and liabilities 5,729 6,166 5,621 5,660

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

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 10% 14% 7% 1%
Return on equity (ROE) 11% 15% 7% 2%
Return on capital employed (ROCE) 25% 34% 19% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.48
Current Ratio 7.93 9.46 14.51 1.71
Quick ratio 6.44 4.37 7.68 1.33
Turnover ratios
Asset turnover 1.19 0.85 1.09 1.12
Fixed asset turnover 2.38 1.72 2.12 2.69
Equity turnover 1.28 0.92 1.17 1.52
Profitability ratios
EBITDA margin 15% 25% 13% 6%
Operating profit margin 9% 19% 7% 1%
Net profit margin 9% 16% 6% 1%
Other ratios
Dividends to the State 419.13 517.13 296.03 151.98
Dividends paid / net profit 0.64 0.55 0.65 1.35

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 14% 17% 1% 4%
Return on equity (ROE) 15% 17% 1% 4%
Return on capital employed (ROCE) 34% 6% -8% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 9.46 11.47 36.47 25.31
Quick ratio 4.37 8.62 32.25 20.91
Turnover ratios
Asset turnover 0.85 0.47 0.30 0.31
Fixed asset turnover 1.72 0.80 0.51 0.53
Equity turnover 0.92 0.49 0.31 0.32
Profitability ratios
EBITDA margin 25% 12% -3% 5%
Operating profit margin 19% 5% -15% -7%
Net profit margin 16% 5% -14% -6%
Other ratios
Dividends to the State 517.13
Dividends paid / net profit 0.55

Financial statments

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

Target return on equity

11.3%

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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State70.13%
http://www.jonavosgrudai.lt/
Return to the State

152 EUR thousand

ROE

1.9%

Number of employees

38

Financial data provided as at end-December 2019

Management

  • Paulius KaselisDirector General

Information as of: 2021/01/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Jurij KornijenkoMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Jonas LisauskasMinistry of Agriculture
  • Tomas UrbonasUAB Agrokoncerno grūdai
  • Arnoldas SaldysACME EUROPE JSC; Independent member
  • Gedvidas BelickasUAB Baltic Private Equity, UAB Vestaka; Independent member

Information as of: 2021/01/01