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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

2019 2020 2021 2022
Revenue 945 904 469
Cost of goods sold 755 685 652
Gross profit (loss) 190 219 -183 0
Gross profit margin 20% 24% -39% %
Operating expenses 177 182 180
Operating profit (loss) -32 -7 -408 0
Operating profit margin -3% -1% -87% %
EBITDA 16 82 -300 0
EBITDA margin 2% 9% -64% %
Net profit (loss) -34 35 -345 0
Net profit margin -4% 4% -74% %
2020-06 2021-06 2022-06 2023-06
Revenue 491
Cost of goods sold 343
Gross profit (loss) 148 0
Gross profit margin 30% % % %
Operating expenses 94 0 0 0
Operating profit (loss) 32 0 0 0
Operating profit margin 6% % % %
EBITDA 49 0 0 0
EBITDA margin 10% % % %
Net profit (loss) 25 0 0 0
Net profit margin 5% % % %

Balance sheet

2019 2020 2021 2022
Non-current assets 1,232 1,200 1,153 0
Intangible assets
Tangible assets 1,229 1,196 1,150
Financial assets
Other non-current assets 3 4 4
Current assets 242 293 252 0
Inventories and prepaid expenses 176 277 208
Accounts receivable in one year 63 15 8
Other current assets
Cash and cash equivalents 3 1 37
Total assets 1,474 1,494 1,406 0
Equity 1,111 1,146 801 0
Grants and subsidies 26 10
Liabilities 364 322 595 0
Financial liabilities 0 0 0 0
Long-term liabilities 150 280
Short-term liabilities 364 172 315
Equity and liabilities 1,474 1,494 1,406 0
2020-06 2021-06 2022-06 2023-06
Non-current assets 1,212 0
Intangible assets 0
Tangible assets 1,206
Financial assets 0
Other non-current assets 6
Current assets 290 0
Inventories and prepaid expenses 222
Accounts receivable in one year 54
Other current assets 0
Cash and cash equivalents 13
Total assets 1,502 0
Equity 1,135 0
Grants and subsidies 3
Liabilities 364 0
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 364 0 0 0
Equity and liabilities 1,502 0 0 0

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -2% 2% -24% 0%
Return on equity (ROE) -3% 3% -35% 0%
Return on capital employed (ROCE) -3% -1% -38% %
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00
Current Ratio 0.66 1.70 0.80
Quick ratio 0.18 0.09 0.14
Turnover ratios
Asset turnover 0.64 0.61 0.33
Fixed asset turnover 0.77 0.75 0.41
Equity turnover 0.85 0.79 0.59
Profitability ratios
EBITDA margin 2% 9% -64% %
Operating profit margin -3% -1% -87% %
Net profit margin -4% 4% -74% %
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00
2020-06 2021-06
Capital return ratios
Return on assets (ROA) 2% 1%
Return on equity (ROE) 3% 2%
Return on capital employed (ROCE) 3% %
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 0.80
Quick ratio 0.19
Turnover ratios
Asset turnover 0.33
Fixed asset turnover 0.41
Equity turnover 0.43
Profitability ratios
EBITDA margin 10% %
Operating profit margin 6% %
Net profit margin 5% %
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

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 State0%
http://kiauliuveislininkyste.lt/
ROE

0.0%

Financial data provided as at end-December 2022

Management