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Valdymo koordinavimo centras

State Owned Enterprises

AB Kiaulių veislininkystė was established in 2013 December 31,by  separating from AB Lietuvos veislininkystė. The company controls the productivity of breeding pigs, fattening of breeding pigs, slaughter and carcass evaluation.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 1,620 1,290 849 945
Cost of goods sold 1,307 1,181 756 755
Gross profit (loss) 314 109 92 190
Gross profit margin 19% 8% 11% 20%
Operating expenses 322 290 248 222
Operating profit (loss) -9 -181 -156 -32
Operating profit margin -1% -14% -18% -3%
EBITDA 53 -124 -101 16
EBITDA margin 3% -10% -12% 2%
Net profit (loss) 2 -181 -154 -34
Net profit margin 0% -14% -18% -4%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 777 458 424 491
Cost of goods sold 709 408 351 343
Gross profit (loss) 68 50 74 148
Gross profit margin 9% 11% 17% 30%
Operating expenses 152 129 116 117
Operating profit (loss) -84 -79 -43 32
Operating profit margin -11% -17% -10% 6%
EBITDA -56 -50 -17 49
EBITDA margin -7% -11% -4% 10%
Net profit (loss) -42 25
Net profit margin -11% -17% -10% 5%

Balance sheet

2016 2017 2018 2019
Non-current assets 1,385 1,329 1,276 1,232
Intangible assets
Tangible assets 1,380 1,326 1,273 1,229
Financial assets
Other non-current assets 5 3 3 3
Biological assets
Current assets 311 305 272 242
Inventories and prepaid expenses 227 246 214 176
Accounts receivable in one year 80 58 56 63
Other current assets
Cash and cash equivalents 4 2 2 3
Total assets 1,699 1,635 1,548 1,474
Equity 1,479 1,298 1,144 1,111
Minority share of capital
Grants and subsidies
Liabilities 220 337 404 364
Financial liabilities
Long-term liabilities
Short-term liabilities 220 337 404 364
Equity and liabilities 1,699 1,635 1,548 1,474
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 1,357 1,302 1,251 1,212
Intangible assets
Tangible assets 1,353 1,299 1,248 1,206
Financial assets
Other non-current assets 3 6
Biological assets 4 4
Current assets 336 303 258 290
Inventories and prepaid expenses 29 26 202 222
Accounts receivable in one year 124 62 43 54
Other current assets 181 196
Cash and cash equivalents 2 19 13 13
Total assets 1,693 1,605 1,510 1,502
Equity 1,396 1,221 1,103 1,135
Minority share of capital
Grants and subsidies 3
Liabilities 297 384 408 364
Financial liabilities
Long-term liabilities
Short-term liabilities 297 384 408 364
Equity and liabilities 1,693 1,605 1,510 1,502

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 0% -11% -10% -2%
Return on equity (ROE) 0% -13% -13% -3%
Return on capital employed (ROCE) 0% -27% -27% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.41 0.91 0.67 0.66
Quick ratio 0.38 0.18 0.14 0.18
Turnover ratios
Asset turnover 0.96 0.77 0.53 0.63
Fixed asset turnover 1.16 0.95 0.65 0.75
Equity turnover 1.10 0.93 0.69 0.84
Profitability ratios
EBITDA margin 3% -10% -12% 2%
Operating profit margin -1% -14% -18% -3%
Net profit margin 0% -14% -18% -4%
Other ratios
Dividends to the State
Dividends paid / net profit
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) -11% -11% -8% 2%
Return on equity (ROE) -13% -13% -10% 3%
Return on capital employed (ROCE) -27% -13% -8% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 0.91 0.79 0.63 0.80
Quick ratio 0.18 0.72 0.14 0.19
Turnover ratios
Asset turnover 0.77 0.28 0.27 0.33
Fixed asset turnover 0.95 0.34 0.33 0.40
Equity turnover 0.93 0.35 0.37 0.44
Profitability ratios
EBITDA margin -10% -11% -4% 10%
Operating profit margin -14% -17% -10% 6%
Net profit margin -14% -17% -10% 5%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

5.0%

About the company

  • Official nameAB „Kiaulių veislininkystė“
  • Legal formPublic limited liability company (AB)
  • Company code303212036
  • SectorOther
  • Line of businessPig husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State99%
http://kiauliuveislininkyste.lt/
ROE

-3.0%

Number of employees

31

Financial data provided as at end-December 2019

Management

  • Vilius RekštysDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Arūnas ŠileikaMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Darius VilimasMinistry of Agriculture
  • Evaldas PranckevičiusMinistry of Agriculture
  • Irmantas PovilauskasVĮ Žemės ūkio informacijos ir kaimo verslo centras
  • Edmundas AdomavičiusŽŪB Gražionių bekonas; Independent member

Information as of: 2020/10/01