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Valdymo koordinavimo centras

State Owned Enterprises

UAB ,,Lietuvos monetų” was established by a resolution of the Government of Lithuania in 1990. The company produces the highest quality circulation and collector coins of the Republic of Lithuania and foreign countries, state awards (orders and medals), provides design services and produces medals, badges, various metal stamps, platers and other products, carries out collectors (commemorative) coins and medals retailing.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 4,162 7,836 5,947 4,432
Cost of goods sold 4,026 7,007 5,305 4,587
Gross profit (loss) 136 829 642 -156
Gross profit margin 3% 11% 11% -4%
Operating expenses 550 559 676 652
Operating profit (loss) -414 270 -34 -807
Operating profit margin -10% 3% -1% -18%
EBITDA -111 568 245 -544
EBITDA margin -3% 7% 4% -12%
Net profit (loss) -423 306 -45 -662
Net profit margin -10% 4% -1% -15%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 4,494 3,570 1,891 2,204
Cost of goods sold 3,963 3,131 2,071 2,009
Gross profit (loss) 531 438 -180 194
Gross profit margin 12% 12% -10% 9%
Operating expenses 232 326 323 323
Operating profit (loss) 299 113 -503 -128
Operating profit margin 7% 3% -27% -6%
EBITDA 435 251 -360 -7
EBITDA margin 10% 7% -19% -0%
Net profit (loss) 44 5 -506 -121
Net profit margin 6% 3% -27% -5%

Balance sheet

2016 2017 2018 2019
Non-current assets 3,825 3,606 3,353 3,257
Intangible assets 17 14 7 4
Tangible assets 3,707 3,480 3,235 2,987
Financial assets
Other non-current assets 101 112 111 266
Biological assets
Current assets 2,307 3,874 2,527 2,089
Inventories and prepaid expenses 2,142 3,317 1,689 1,594
Accounts receivable in one year 127 260 77 431
Other current assets
Cash and cash equivalents 38 297 760 64
Total assets 6,162 7,503 5,929 5,379
Equity 5,116 5,422 5,377 4,715
Minority share of capital
Grants and subsidies
Liabilities 1,046 2,082 552 663
Financial liabilities 831 654 377 317
Long-term liabilities 454 377 300 223
Short-term liabilities 592 1,705 252 441
Equity and liabilities 6,162 7,503 5,929 5,379
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 3,713 3,490 3,220 3,146
Intangible assets 14 12 4 6
Tangible assets 3,598 3,366 3,106 2,874
Financial assets
Other non-current assets 101 113 111 266
Biological assets
Current assets 2,622 3,151 2,636 2,086
Inventories and prepaid expenses 2,238 2,323 2,335 1,330
Accounts receivable in one year 314 749 173 268
Other current assets
Cash and cash equivalents 71 80 127 488
Total assets 6,335 6,641 5,903 5,259
Equity 5,410 5,523 4,874 4,594
Minority share of capital
Grants and subsidies
Liabilities 925 1,118 1,029 665
Financial liabilities 492 415 338 261
Long-term liabilities 454 338 300 223
Short-term liabilities 471 780 729 442
Equity and liabilities 6,335 6,641 5,903 5,259

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) -6% 4% -1% -12%
Return on equity (ROE) -7% 6% -1% -13%
Return on capital employed (ROCE) -15% 10% -1% -33%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16 0.12 0.07 0.07
Current Ratio 3.89 2.27 10.03 4.74
Quick ratio 0.28 0.33 3.32 1.12
Turnover ratios
Asset turnover 0.60 1.15 0.89 0.78
Fixed asset turnover 1.05 2.11 1.71 1.34
Equity turnover 0.70 1.49 1.10 0.88
Profitability ratios
EBITDA margin -3% 7% 4% -12%
Operating profit margin -10% 3% -1% -18%
Net profit margin -10% 4% -1% -15%
Other ratios
Dividends to the State
Dividends paid / net profit
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 4% 2% -10% -5%
Return on equity (ROE) 6% 3% -13% -6%
Return on capital employed (ROCE) 10% 4% -19% -5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12 0.16 0.13 0.06
Current Ratio 2.27 4.04 3.61 4.72
Quick ratio 0.33 1.06 0.41 1.71
Turnover ratios
Asset turnover 1.15 0.55 0.30 0.39
Fixed asset turnover 2.11 0.99 0.56 0.69
Equity turnover 1.49 0.65 0.36 0.47
Profitability ratios
EBITDA margin 7% 7% -19% -0%
Operating profit margin 3% 3% -27% -6%
Net profit margin 4% 3% -27% -5%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

5.8%

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

-13.1%

Number of employees

52

Financial data provided as at end-December 2019

Management

  • Evaldas StralkusDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Linas ČereškaUAB Bureau Veritas Lit; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Vaidas CibasBank of Lithuania
  • Kristina MažeikytėUAB Felit; Independent member
  • Eimundas MačiulisUAB VSA Vilnius; Independent member
  • Algirdas NeciunskasBank of Lithuania

Information as of: 2020/10/01