• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB Lietuvos monetų kalykla is a progressive company with highly qualified specialists, modern equipment and technologies, quality management systems compliant with international standards ISO 9001 (since 2003) and ISO 14001 (since 2019), active and flexible marketing focused on the company’s main products in the domestic and international market.
The company’s main activity is to mint circulation and collector coins of the Republic of Lithuania and to provide services for the development and production of circulation and collector coins for foreign countries. The company aims to cooperate with major European mints, provide subcontracting services and expand its network of global distributors. In addition to standard machining operations, the Lietuvos monetų kalykla offers exclusive operations not only in Lithuania, but also throughout the Baltics, such as high-precision vacuum hardening.
The company efficiently carries out other manufacturing and trading activities in areas close to coin production. The Lietuvos monetų kalykla designs and produces exclusive one-off medals and representative gifts for business partners, tokens, badges, various metal stamps, markers and other products on the basis of individual orders from companies or private individuals

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Annual EBITDA:
    • 2022 ≥ 0,4 ml. Eur,
    • 2023 ≥ 0,6 ml. Eur,
    • 2024 ≥ 0,8 ml. Eur.
  • Annual ratio of financial debt to equity:
    • 2022–2024 limit 0,1–0,4 times

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2023-2025

  • Defect costs, adding internal process losses to customer claims and dividing by sales, %:
    • 2023 – 0,7
    • 2024 – 0,6
    • 2025 – 0,5
  • Inventory turnover, days:
    • 2023 ≤ 115
    • 2024 ≤ 110
    • 2025 ≤ 105
  • Timely recharges, %:
    • 2023 – 70
    • 2024-2025 – 90
  • Sales revenue, million euros:
    • 2023 – 11,5
    • 2024 – 12,7
    • 2025 – 13,5
  • Sales of initiatives, mln. euros:
    • 2023 – 1,8
    • 2024 – 2,1
    • 2025 – 2,5
  • Customer satisfaction index NPS, in points:

    • 2023 – 7,8
    • 2024 – 8,0
    • 2025 – 8,5
  • Good Governance Index:

    • 2023-2025 – A
  • Employee satisfaction, scores:

    • 2023 – 7,5
    • 2024 – 8,0
    • 2025 – 8,5

          2022/23 GOOD CORPORATE GOVERNANCE INDEX

              


          2021/22 GOOD CORPORATE GOVERNANCE INDEX       

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 4,432 5,380 7,121 9,972
Cost of goods sold 4,587 4,885 6,564 9,140
Gross profit (loss) -156 495 557 832
Gross profit margin -4% 9% 8% 8%
Operating expenses 652 453 704 476
Operating profit (loss) -807 -151 -392 45
Operating profit margin -18% -3% -6% 0%
EBITDA -544 83 -156 306
EBITDA margin -12% 2% -2% 3%
Net profit (loss) -662 -150 -324 27
Net profit margin -15% -3% -5% 0%
2020-06 2021-06 2022-06 2023-06
Revenue 2,204 3,202 5,026 4,142
Cost of goods sold 2,009 3,049 4,645 3,869
Gross profit (loss) 194 153 381 273
Gross profit margin 9% 5% 8% 7%
Operating expenses 323 322 406 507
Operating profit (loss) -128 -170 -25 -234
Operating profit margin -6% -5% -1% -6%
EBITDA -7 -53 95 -89
EBITDA margin -0% -2% 2% -2%
Net profit (loss) -121 -173 -27 -217
Net profit margin -5% -5% -1% -5%

Balance sheet

2019 2020 2021 2022
Non-current assets 3,257 3,038 2,971 2,983
Intangible assets 4 5 6 17
Tangible assets 2,987 2,767 2,626 2,633
Financial assets 0
Other non-current assets 266 266 340 333
Current assets 2,089 2,185 1,875 3,205
Inventories and prepaid expenses 1,594 1,783 1,343 3,071
Accounts receivable in one year 431 251 403 125
Other current assets 0
Cash and cash equivalents 64 151 130 9
Total assets 5,379 5,240 4,900 6,259
Equity 4,715 4,565 4,241 4,268
Grants and subsidies
Liabilities 663 658 648 1,977
Financial liabilities 300 223 0 0
Long-term liabilities 223
Short-term liabilities 441 658 648 1,977
Equity and liabilities 5,379 5,240 4,900 6,259
2020-06 2021-06 2022-06 2023-06
Non-current assets 3,146 2,956 3,082 2,882
Intangible assets 6 5 7 15
Tangible assets 2,874 2,686 2,734 2,534
Financial assets 0 0 0 0
Other non-current assets 266 266 340 333
Current assets 2,086 2,098 4,504 2,759
Inventories and prepaid expenses 1,330 1,879 3,866 2,010
Accounts receivable in one year 268 193 553 724
Other current assets 0 0 0 0
Cash and cash equivalents 488 27 86 25
Total assets 5,259 5,091 7,645 5,746
Equity 4,594 4,392 4,210 4,051
Grants and subsidies 0 0 0 0
Liabilities 665 697 3,420 1,650
Financial liabilities 261 212 1,181 1,120
Long-term liabilities 223 0 0 0
Short-term liabilities 442 697 3,420 1,650
Equity and liabilities 5,259 5,091 7,645 5,746

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -12% -3% -6% 0%
Return on equity (ROE) -13% -3% -7% 1%
Return on capital employed (ROCE) -16% -3% -9% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.04 0.00 0.22
Current Ratio 4.74 3.32 2.89 1.62
Quick ratio 1.12 0.61 0.82 0.07
Turnover ratios
Asset turnover 0.82 1.03 1.45 1.59
Fixed asset turnover 1.36 1.77 2.40 3.34
Equity turnover 0.94 1.18 1.68 2.34
Profitability ratios
EBITDA margin -12% 2% -2% 3%
Operating profit margin -18% -3% -6% 0%
Net profit margin -15% -3% -5% 0%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) -5% -4% -3% -2%
Return on equity (ROE) -6% -5% -4% -4%
Return on capital employed (ROCE) -3% -4% -1% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.04 0.15 0.19
Current Ratio 4.72 3.01 1.32 1.67
Quick ratio 1.71 0.31 0.19 0.45
Turnover ratios
Asset turnover 0.42 0.63 0.66 0.72
Fixed asset turnover 0.70 1.08 1.63 1.44
Equity turnover 0.48 0.73 1.19 1.02
Profitability ratios
EBITDA margin -0% -2% 2% -2%
Operating profit margin -6% -5% -1% -6%
Net profit margin -5% -5% -1% -5%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

About the company

  • Official nameUAB Lietuvos monetų kalykla
  • Legal formPrivate limited liability company (UAB)
  • Company code110052936
  • SectorOther
  • Line of businessMinting coins, medals and related items
  • Institution representing the StateBank of Lithuania
  • Share belonging to the State100%
http://www.kalykla.lt/
ROE

0.6%

Number of employees

45

Financial data provided as at end-December 2022

Management

  • Donatas SirgedasChief Executive Officer

Information as of: 2024/02/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Eglė GruodienėIndependent member; MB Patikrinti sprendimai

MEMBERS OF THE BOARD OF DIRECTORS

  • Lina ŠlegerienėIndependent member; AB Audimas; UAB Audimo turtas; Kauno Kolegija; MB LinBridge Consulting
  • Vaidas CibasLietuvos bankas
  • Kristina MažeikytėIndependent member; UAB Lidl Lietuva
  • Dainius GrikinisLietuvos bankas

Information as of: 2024/02/01