Kelių priežiūra
AB Kelių priežiūra is a state-owned company responsible for the maintenance of more than 21,000 km of national roads. The company is one of the largest employers in the country and employs around 2,300 specialists in various fields, who grit and clean roads in winter, repair potholes, profile gravel roads, cut grass on sidewalks and dividing strips, remove pavement effects, restore road elements, etc.
The company also designs and builds roads, streets, plazas, constructs bicycle and pedestrian paths, carries out horizontal marking of roads, streets, airfields, provides heavy equipment repair services, produces asphalt and quarry products, rents equipment and premises.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Average return on equity ROE from commercial activities:
- 2022–2024 ≥ 6,9 percent.
- Annual ratio of financial debt to equity:
- 2022–2024 limit 0,1–0,2 times
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024
- Change in income from commercial activities, per cent:
- 2022 – 27
- 2023 – 21
- 2024 – 15
- Quality of patrol defects (ratio of the number of defects detected during patrol inspections (according to the KPV PN) to the sum of defects detected by the LAKD technical supervisor and the KP quality department), per cent:
- 2022 – 92
- 2023 – 93
- 2024 – 94
- Change in GHG emissions,%:
- 2022 – 3
- 2023 – 3
- 2024 – 2
- Employee involvement,%:
- 2022 – 39
- 2023 – 40
- 2024 – 41
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 | 78,147 | 84,293 | 97,863 | 91,877 |
| Cost of goods sold | 69,758 | 77,263 | 84,710 | 88,058 |
| Gross profit (loss) | 8,389 | 7,031 | 13,153 | 3,819 |
| Gross profit margin | 11% | 8% | 13% | 4% |
| Operating expenses | 9,456 | 6,886 | 7,606 | 8,038 |
| Operating profit (loss) | -1,067 | 145 | 5,547 | -4,219 |
| Operating profit margin | -1% | 0% | 6% | -5% |
| EBITDA | 7,889 | 10,325 | 15,913 | 6,855 |
| EBITDA margin | 10% | 12% | 16% | 7% |
| Net profit (loss) | -1,164 | 353 | 4,752 | -3,303 |
| Net profit margin | -1% | 0% | 5% | -4% |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Revenue | 39,599 | 38,622 | 44,405 | 47,672 |
| Cost of goods sold | 36,707 | 32,444 | 41,418 | 46,663 |
| Gross profit (loss) | 2,892 | 6,178 | 2,987 | 1,009 |
| Gross profit margin | % | % | % | % |
| Operating expenses | 3,449 | 3,486 | 3,970 | 4,026 |
| Operating profit (loss) | -557 | 2,691 | -983 | -3,018 |
| Operating profit margin | % | % | % | % |
| EBITDA | 4,379 | 7,775 | 4,356 | 2,656 |
| EBITDA margin | 11% | 20% | 10% | 6% |
| Net profit (loss) | -590 | 2,218 | -845 | -2,467 |
| Net profit margin | -1% | 6% | -2% | -5% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 85,812 | 85,991 | 93,397 | 96,510 |
| Intangible assets | 101 | 183 | 273 | 282 |
| Tangible assets | 85,261 | 83,725 | 90,171 | 92,167 |
| Financial assets | 30 | 60 | 60 | |
| Other non-current assets | 451 | 2,053 | 2,894 | 4,001 |
| Current assets | 37,626 | 43,025 | 48,990 | 31,938 |
| Inventories and prepaid expenses | 5,106 | 7,953 | 7,655 | 7,542 |
| Accounts receivable in one year | 3,664 | 3,212 | 2,501 | 3,853 |
| Other current assets | 346 | 631 | 861 | 2,920 |
| Cash and cash equivalents | 28,511 | 31,231 | 37,974 | 17,624 |
| Total assets | 123,439 | 129,016 | 142,388 | 128,448 |
| Equity | 110,949 | 111,299 | 116,051 | 106,760 |
| Grants and subsidies | 12 | |||
| Liabilities | 12,490 | 17,718 | 26,337 | 21,676 |
| Financial liabilities | 1,683 | 2,409 | 3,019 | |
| Long-term liabilities | 768 | 2,177 | 3,038 | 3,295 |
| Short-term liabilities | 9,593 | 13,389 | 20,250 | 15,746 |
| Equity and liabilities | 123,439 | 129,016 | 142,388 | 128,448 |
| 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|
| Non-current assets | 86,571 | 94,892 | 100,294 |
| Intangible assets | 157 | 205 | 198 |
| Tangible assets | 84,306 | 91,654 | 95,776 |
| Financial assets | 30 | 60 | 60 |
| Other non-current assets | 2,078 | 2,973 | 4,260 |
| Current assets | 43,075 | 34,957 | 34,135 |
| Inventories and prepaid expenses | 7,832 | 7,533 | 9,727 |
| Accounts receivable in one year | 5,646 | 10,454 | 15,223 |
| Other current assets | 504 | 1,362 | 4,053 |
| Cash and cash equivalents | 29,093 | 15,609 | 5,133 |
| Total assets | 130,202 | 129,849 | 134,429 |
| Equity | 113,517 | 109,219 | 104,294 |
| Grants and subsidies | 11 | ||
| Liabilities | 16,620 | 20,630 | 30,125 |
| Financial liabilities | 1,617 | 2,407 | 8,266 |
| Long-term liabilities | 1,505 | 3,105 | 8,315 |
| Short-term liabilities | 11,737 | 14,439 | 19,335 |
| Equity and liabilities | 130,202 | 129,849 | 134,429 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 0% | 4% | -2% |
| Return on equity (ROE) | 1% | 0% | 4% | -3% |
| Return on capital employed (ROCE) | -1% | 1% | 10% | -6% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.02 | 0.03 | |
| Current Ratio | 3.92 | 3.21 | 2.42 | 2.03 |
| Quick ratio | 3.39 | 2.62 | 2.04 | 1.55 |
| Turnover ratios | ||||
| Asset turnover | 0.60 | 0.67 | 0.72 | 0.68 |
| Fixed asset turnover | 0.84 | 0.98 | 1.09 | 0.97 |
| Equity turnover | 0.66 | 0.76 | 0.86 | 0.82 |
| Profitability ratios | ||||
| EBITDA margin | 10% | 12% | 16% | 7% |
| Operating profit margin | -1% | 0% | 6% | -5% |
| Net profit margin | -1% | 0% | 5% | -4% |
| Other ratios | ||||
| Dividends to the State | 5,986.90 | |||
| Dividends paid / net profit | 1.26 |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | % | 1% | -3% |
| Return on equity (ROE) | 0% | % | 2% | -4% |
| Return on capital employed (ROCE) | 1% | 5% | -1% | -5% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.02 | 0.03 | 0.08 |
| Current Ratio | 3.21 | 3.67 | 2.42 | 1.77 |
| Quick ratio | 2.62 | 3.00 | 1.90 | 1.26 |
| Turnover ratios | ||||
| Asset turnover | 0.67 | 0.59 | 0.34 | 0.36 |
| Fixed asset turnover | 0.98 | 0.89 | 0.49 | 0.49 |
| Equity turnover | 0.76 | 0.68 | 0.40 | 0.45 |
| Profitability ratios | ||||
| EBITDA margin | 12% | 20% | 10% | 6% |
| Operating profit margin | 0% | % | % | % |
| Net profit margin | 0% | 6% | -2% | -5% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
Financial statments
Expectations of the state
Target return on equity undefined
About the company
- Official nameAB „Kelių priežiūra“
- Legal formPublic limited liability company (AB)
- Company code232112130
- SectorTransport and Communications
- Line of businessRoad construction and maintenance
- Institution representing the StateMinistry of Transport and Communications
- Special obligationsPerformes non-commercial special obligations
- Share belonging to the State100%
ROE
-4.0%
Number of employees
2,245
Financial data provided as at end-December 2021
Management
- Rolandas RutėnasDirector General
Information as of: 2023/01/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Vygantas SliesoraitisUAB AL holdingas; UAB Visi namai, UAB Vegta, VšĮ Panovis, Vilniaus Perkūno Rotary Klubas; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Živilė ValeišienėIndependent member
- Nerijus Datkūnas AB Energijos skirstymo operatorius; UAB GRINDA; UAB LVG holding; ICF LITHUANIA; MB Metakomanda; Independent member
- Audrius VaitkusVilniaus Gedimino technikos universitetas, Independent member
- Agnė Amelija MikalonėMinistry of Transport and Communications
Information as of: 2023/01/01
