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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 2022-2024

  • Annual sales revenue, ml. EUR:
    • 2022 – 8,5
    • 2023 – 9,9
    • 2024 – 11,5
  • Inventory turnover, days:
    • 2022 ≤ 103
    • 2023 ≤ 100
    • 2024 ≤ 97
  • Costs due to quality,%:
    • 2022 ≤ 0,8
    • 2023 ≤ 0,7
    • 2024 ≤ 0,6
  • Sales of own creative products, ml. EUR:
    • 2022 – 1,2
    • 2023 – 1,5
    • 2024 – 1,9
  • Customer satisfaction indicator NPS, points:
    • 2022 – 7
    • 2023 – 7,5
    • 2024 – 8
  • Employee satisfaction, points:
    • 2022 – 6
    • 2023 – 6,5
    • 2024 – 7

          2020 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

2018 2019 2020 2021
Revenue 5,947 4,432 5,380 7,121
Cost of goods sold 5,305 4,587 4,885 6,564
Gross profit (loss) 642 -156 495 557
Gross profit margin 11% -4% 9% 8%
Operating expenses 676 652 645 949
Operating profit (loss) -34 -807 -151 -392
Operating profit margin -1% -18% -3% -6%
EBITDA 245 -544 83 -156
EBITDA margin 4% -12% 2% -2%
Net profit (loss) -45 -662 -150 -324
Net profit margin -1% -15% -3% -5%
2018-06 2019-06 2020-06 2021-06
Revenue 3,570 1,891 2,204 3,202
Cost of goods sold 3,131 2,071 2,009 3,049
Gross profit (loss) 438 -180 194 153
Gross profit margin % % -10% 5%
Operating expenses 326 323 323 322
Operating profit (loss) 113 -503 -128 -169
Operating profit margin % % -27% -5%
EBITDA -363 -53
EBITDA margin % % -19% -2%
Net profit (loss) 106 -506 -121 -172
Net profit margin % % -27% -5%

Balance sheet

2018 2019 2020 2021
Non-current assets 3,353 3,257 3,038 2,971
Intangible assets 7 4 5 6
Tangible assets 3,235 2,987 2,767 2,626
Financial assets
Other non-current assets 111 266 266 340
Current assets 2,527 2,089 2,185 1,875
Inventories and prepaid expenses 1,689 1,594 1,783 1,343
Accounts receivable in one year 77 431 251 403
Other current assets
Cash and cash equivalents 760 64 151 130
Total assets 5,929 5,379 5,240 4,900
Equity 5,377 4,715 4,565 4,241
Grants and subsidies
Liabilities 552 663 658 634
Financial liabilities 377 317 223
Long-term liabilities 300 223
Short-term liabilities 252 441 658 634
Equity and liabilities 5,929 5,379 5,240 4,900
2019-06 2020-06 2021-06
Non-current assets 3,220 3,146 2,956
Intangible assets 4 6 5
Tangible assets 3,106 2,874 2,686
Financial assets
Other non-current assets 111 266 266
Current assets 2,636 2,086 2,098
Inventories and prepaid expenses 2,335 1,330 1,879
Accounts receivable in one year 173 268 193
Other current assets
Cash and cash equivalents 127 488 27
Total assets 5,903 5,259 5,091
Equity 4,874 4,594 4,392
Grants and subsidies
Liabilities 1,029 665 697
Financial liabilities 613 223 27
Long-term liabilities 300 223
Short-term liabilities 39 39 184
Equity and liabilities 5,903 5,259 5,091

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% -12% -3% -6%
Return on equity (ROE) -1% -13% -3% -7%
Return on capital employed (ROCE) -1% -33% -6% -18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.07 0.05
Current Ratio 10.03 4.74 3.32 2.96
Quick ratio 3.32 1.12 0.61 0.84
Turnover ratios
Asset turnover 0.89 0.78 1.01 1.40
Fixed asset turnover 1.71 1.34 1.71 2.37
Equity turnover 1.10 0.88 1.16 1.62
Profitability ratios
EBITDA margin 4% -12% 2% -2%
Operating profit margin -1% -18% -3% -6%
Net profit margin -1% -15% -3% -5%
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) 4% % % -4%
Return on equity (ROE) 6% % % -4%
Return on capital employed (ROCE) 10% -5% -18% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12 0.06 0.05
Current Ratio 2.27 68.46 54.18 11.38
Quick ratio 0.33 7.80 19.63 1.19
Turnover ratios
Asset turnover 1.15 0.64 0.39 0.62
Fixed asset turnover 2.11 1.17 0.69 1.05
Equity turnover 1.49 0.78 0.47 0.71
Profitability ratios
EBITDA margin 7% % -19% -2%
Operating profit margin 3% % -27% -5%
Net profit margin 4% % -27% -5%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

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

-7.4%

Number of employees

48

Financial data provided as at end-December 2021

Management

  • L. e. p. Linas VeikalasActing Director General

Information as of: 2022/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Eglė GruodienėMB Patikrinti sprendimai; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Vaidas CibasBank of Lithuania
  • Kristina MažeikytėUAB Lidl Lietuva; Independent member
  • Dainius GrikinisBank of Lithuania

Information as of: 2022/09/01