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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

SE Lithuanian Road Administration started its activities on September 1, 2020, after the reorganization of the budgetary institution Lithuanian Road Administration under the Ministry of Transport and Communications. The new state-owned enterprise is a strategic enterprise of the country, managing roads of state importance. After the reorganization, the mission of the Road Administration remains the same – to create and ensure safe, convenient, environmentally friendly, intelligent communication on Lithuanian roads.

Financial results

P/L Statment

2020
Revenue 3,975
Cost of goods sold 3,776
Gross profit (loss) 199
Gross profit margin 5%
Operating expenses
Operating profit (loss) 199
Operating profit margin 5%
EBITDA 560
EBITDA margin 14%
Net profit (loss) 940
Net profit margin 24%
2021-06
Revenue 6,686
Cost of goods sold 4,979
Gross profit (loss) 1,707
Gross profit margin 26%
Operating expenses
Operating profit (loss) 1,707
Operating profit margin 26%
EBITDA 3,955
EBITDA margin 59%
Net profit (loss) 2,909
Net profit margin 44%

Balance sheet

2020
Non-current assets 3,230,581
Intangible assets 3,142
Tangible assets 3,227,439
Financial assets
Other non-current assets
Current assets 47,480
Inventories and prepaid expenses 1,892
Accounts receivable in one year 38,427
Other current assets
Cash and cash equivalents 7,161
Total assets 3,278,740
Equity 2,693,140
Grants and subsidies 528,524
Liabilities 57,075
Financial liabilities 10,451
Long-term liabilities 10,451
Short-term liabilities 46,624
Equity and liabilities 3,278,740
2021-06
Non-current assets 3,312,419
Intangible assets 3,450
Tangible assets 3,308,969
Financial assets
Other non-current assets
Current assets 94,031
Inventories and prepaid expenses 2,117
Accounts receivable in one year 86,497
Other current assets
Cash and cash equivalents 5,417
Total assets 3,407,283
Equity 2,649,802
Grants and subsidies 654,562
Liabilities 102,918
Financial liabilities
Long-term liabilities 10,213
Short-term liabilities
Equity and liabilities 3,407,283

Financial ratios

2020
Capital return ratios
Return on assets (ROA) 0%
Return on equity (ROE) 0%
Return on capital employed (ROCE) 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 1.02
Quick ratio 0.98
Turnover ratios
Asset turnover 0.00
Fixed asset turnover 0.00
Equity turnover 0.00
Profitability ratios
EBITDA margin 14%
Operating profit margin 5%
Net profit margin 24%
Other ratios
Dividends to the State 1,154.00
Dividends paid / net profit 1.23
2021-06
Capital return ratios
Return on assets (ROA) 0%
Return on equity (ROE) 0%
Return on capital employed (ROCE) 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover 0.00
Fixed asset turnover 0.00
Equity turnover 0.01
Profitability ratios
EBITDA margin 59%
Operating profit margin 26%
Net profit margin 44%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ Lietuvos automobilių kelių direkcija
  • Legal formState enterprise (VĮ)
  • Company code188710638
  • SectorOther
  • Line of businessRestoration, maintenance and development of state roads
  • Institution representing the StateMinistry of Transport and Communications
  • Share belonging to the State100%
https://lakd.lrv.lt/lt/
Return to the State

1.2 EUR milion

ROE

0.1%

Number of employees

245

Financial data provided as at end-December 2020

Management

  • Remigijus LipkevičiusDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vaidotas BalynasUAB Gelex; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Agnė Amelija MikalonėMinistry of Transport and Communications
  • Rūta JakubauskienėIndependent member
  • Rūta Butautaitė-PivoriūnienėIndependent member
  • Saulius BarauskasIndependent member

Information as of: 2021/10/01