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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

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 7,836 5,947 4,432 5,380
Cost of goods sold 7,007 5,305 4,587 4,885
Gross profit (loss) 829 642 -156 495
Gross profit margin 11% 11% -4% 9%
Operating expenses 559 676 652 645
Operating profit (loss) 270 -34 -807 -151
Operating profit margin 3% -1% -18% -3%
EBITDA 568 245 -544 83
EBITDA margin 7% 4% -12% 2%
Net profit (loss) 306 -45 -662 -150
Net profit margin 4% -1% -15% -3%
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

2017 2018 2019 2020
Non-current assets 3,606 3,353 3,257 3,038
Intangible assets 14 7 4 5
Tangible assets 3,480 3,235 2,987 2,767
Financial assets
Other non-current assets 112 111 266 266
Current assets 3,874 2,527 2,089 2,185
Inventories and prepaid expenses 3,317 1,689 1,594 1,783
Accounts receivable in one year 260 77 431 251
Other current assets
Cash and cash equivalents 297 760 64 151
Total assets 7,503 5,929 5,379 5,240
Equity 5,422 5,377 4,715 4,565
Grants and subsidies
Liabilities 2,082 552 663 658
Financial liabilities 654 377 317 223
Long-term liabilities 377 300 223
Short-term liabilities 1,705 252 441 658
Equity and liabilities 7,503 5,929 5,379 5,240
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

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 4% -1% -12% -3%
Return on equity (ROE) 6% -1% -13% -3%
Return on capital employed (ROCE) 10% -1% -33% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12 0.07 0.07 0.05
Current Ratio 2.27 10.03 4.74 3.32
Quick ratio 0.33 3.32 1.12 0.61
Turnover ratios
Asset turnover 1.15 0.89 0.78 1.01
Fixed asset turnover 2.11 1.71 1.34 1.71
Equity turnover 1.49 1.10 0.88 1.16
Profitability ratios
EBITDA margin 7% 4% -12% 2%
Operating profit margin 3% -1% -18% -3%
Net profit margin 4% -1% -15% -3%
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

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

-3.2%

Number of employees

48

Financial data provided as at end-December 2020

Management

  • L. e. p. Aldona JakutienėActing Director General

Information as of: 2022/05/01

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 Felit; Independent member
  • Dainius GrikinisBank of Lithuania

Information as of: 2022/05/01