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Valdymo koordinavimo centras Governance Coordination Centre

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

2017 2018 2019 2020
Revenue 1,290 849 945 904
Cost of goods sold 1,181 756 755 685
Gross profit (loss) 109 92 190 219
Gross profit margin 8% 11% 20% 24%
Operating expenses 290 248 222 226
Operating profit (loss) -181 -156 -32 -7
Operating profit margin -14% -18% -3% -1%
EBITDA -124 -101 16 82
EBITDA margin -10% -12% 2% 9%
Net profit (loss) -181 -154 -34 35
Net profit margin -14% -18% -4% 4%
2018-06 2019-06 2020-06 2021-06
Revenue 458 424 491 267
Cost of goods sold 408 351 343 274
Gross profit (loss) 50 74 148 -7
Gross profit margin % % 17% -3%
Operating expenses 129 116 117 119
Operating profit (loss) -79 -43 32 -126
Operating profit margin % % -10% -47%
EBITDA -17 -103
EBITDA margin % % -4% -39%
Net profit (loss) -77 -42 25 -128
Net profit margin % % -10% -48%

Balance sheet

2017 2018 2019 2020
Non-current assets 1,329 1,276 1,232 1,200
Intangible assets
Tangible assets 1,326 1,273 1,229 1,196
Financial assets
Other non-current assets 3 3 3 4
Current assets 305 272 242 293
Inventories and prepaid expenses 246 214 176 277
Accounts receivable in one year 58 56 63 15
Other current assets
Cash and cash equivalents 2 2 3 1
Total assets 1,635 1,548 1,474 1,494
Equity 1,298 1,144 1,111 1,146
Grants and subsidies 26
Liabilities 337 404 364 322
Financial liabilities 60
Long-term liabilities 150
Short-term liabilities 337 404 364 172
Equity and liabilities 1,635 1,548 1,474 1,494
2019-06 2020-06 2021-06
Non-current assets 1,251 1,212 1,179
Intangible assets
Tangible assets 1,248 1,206 1,175
Financial assets
Other non-current assets 3 6 3
Current assets 258 290 339
Inventories and prepaid expenses 202 222 319
Accounts receivable in one year 43 54 17
Other current assets
Cash and cash equivalents 13 13 3
Total assets 1,510 1,502 1,519
Equity 1,103 1,135 1,018
Grants and subsidies 3 11
Liabilities 408 364 489
Financial liabilities 100
Long-term liabilities 250
Short-term liabilities
Equity and liabilities 1,510 1,502 1,519

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) -11% -10% -2% 2%
Return on equity (ROE) -13% -13% -3% 3%
Return on capital employed (ROCE) -27% -27% -6% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05
Current Ratio 0.91 0.67 0.66 1.70
Quick ratio 0.18 0.14 0.18 0.09
Turnover ratios
Asset turnover 0.77 0.53 0.63 0.61
Fixed asset turnover 0.95 0.65 0.75 0.74
Equity turnover 0.93 0.69 0.84 0.80
Profitability ratios
EBITDA margin -10% -12% 2% 9%
Operating profit margin -14% -18% -3% -1%
Net profit margin -14% -18% -4% 4%
Other ratios
Dividends to the State
Dividends paid / net profit
2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) -11% % % -8%
Return on equity (ROE) -13% % % -11%
Return on capital employed (ROCE) -27% -3% -5% -17%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10
Current Ratio 0.91
Quick ratio 0.18
Turnover ratios
Asset turnover 0.77 0.56 0.33 0.18
Fixed asset turnover 0.95 0.68 0.40 0.22
Equity turnover 0.93 0.77 0.44 0.25
Profitability ratios
EBITDA margin -10% % -4% -39%
Operating profit margin -14% % -10% -47%
Net profit margin -14% % -10% -48%
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

3.1%

Number of employees

31

Financial data provided as at end-December 2020

Management

  • Vilius RekštysDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Petras JurkuvėnasVŠĮ Mutter Charity Foundation; UAB PJ LT; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Evaldas PranckevičiusMinistry of Agriculture
  • Darius VilimasMinistry of Agriculture
  • Daiva MasiliūnienėIndividuali veikla

Information as of: 2021/10/01