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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

2018 2019 2020 2021
Revenue 849 945 904 469
Cost of goods sold 756 755 685 652
Gross profit (loss) 92 190 219 -183
Gross profit margin 11% 20% 24% -39%
Operating expenses 248 222 226 224
Operating profit (loss) -156 -32 -7 -408
Operating profit margin -18% -3% -1% -87%
EBITDA -101 16 82 -300
EBITDA margin -12% 2% 9% -64%
Net profit (loss) -154 -34 35 -345
Net profit margin -18% -4% 4% -74%
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

2018 2019 2020 2021
Non-current assets 1,276 1,232 1,200 1,153
Intangible assets
Tangible assets 1,273 1,229 1,196 1,150
Financial assets
Other non-current assets 3 3 4 4
Current assets 272 242 293 252
Inventories and prepaid expenses 214 176 277 208
Accounts receivable in one year 56 63 15 8
Other current assets
Cash and cash equivalents 2 3 1 37
Total assets 1,548 1,474 1,494 1,406
Equity 1,144 1,111 1,146 801
Grants and subsidies 26 10
Liabilities 404 364 322 595
Financial liabilities
Long-term liabilities 150 280
Short-term liabilities 404 364 172 315
Equity and liabilities 1,548 1,474 1,494 1,406
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

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -10% -2% 2% -24%
Return on equity (ROE) -13% -3% 3% -35%
Return on capital employed (ROCE) -27% -6% 5% -63%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 0.67 0.66 1.70 0.80
Quick ratio 0.14 0.18 0.09 0.14
Turnover ratios
Asset turnover 0.53 0.63 0.61 0.32
Fixed asset turnover 0.65 0.75 0.74 0.40
Equity turnover 0.69 0.84 0.80 0.48
Profitability ratios
EBITDA margin -12% 2% 9% -64%
Operating profit margin -18% -3% -1% -87%
Net profit margin -18% -4% 4% -74%
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 undefined

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

-35.4%

Number of employees

24

Financial data provided as at end-December 2021