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Valdymo koordinavimo centras

State Owned Enterprises

Established in 1991, Lietpraba was re-registered in 1995 as „Lietuvos prabavimo rūmai“. The company protects the rights of precious metals and gemstones consumers, protects them and the interests of the state in the production, processing, purchase, sale, use, storage and export or import of precious metals and precious stones. The company performs precious metal research, control analysis, worshiping, embossing, expertise, characterization, quality certification and other activities.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 558 579 594 710
Cost of goods sold 267 292 301 353
Gross profit (loss) 291 287 293 357
Gross profit margin 52% 50% 49% 50%
Operating expenses 300 252 273 324
Operating profit (loss) -9 35 21 34
Operating profit margin -2% 6% 3% 5%
EBITDA 57 111 84 89
EBITDA margin 10% 19% 14% 13%
Net profit (loss) 3 36 20 24
Net profit margin 0% 6% 3% 3%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 260 273 329 202
Cost of goods sold 160 137 151 155
Gross profit (loss) 100 136 178 47
Gross profit margin 38% 50% 54% 23%
Operating expenses 109 142 142 97
Operating profit (loss) -10 -7 36 -50
Operating profit margin -4% -2% 11% -25%
EBITDA 28 27 64 -18
EBITDA margin 11% 10% 20% -9%
Net profit (loss) 39 -50
Net profit margin -2% -2% 12% -25%

Balance sheet

2016 2017 2018 2019
Non-current assets 1,838 1,230 783 785
Intangible assets 14 14 18 16
Tangible assets 1,245 1,216 765 768
Financial assets 580
Other non-current assets
Biological assets
Current assets 1,665 2,315 1,846 1,232
Inventories and prepaid expenses 52 45 487 45
Accounts receivable in one year 5 6 5 2
Other current assets 1,072 572
Cash and cash equivalents 536 1,691 1,354 1,185
Total assets 3,505 3,546 2,629 2,020
Equity 3,461 3,490 2,581 1,960
Minority share of capital
Grants and subsidies
Liabilities 44 57 49 60
Financial liabilities
Long-term liabilities
Short-term liabilities 44 57 49 60
Equity and liabilities 3,505 3,546 2,629 2,020
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 1,795 1,257 798 781
Intangible assets 12 16 20 14
Tangible assets 1,203 1,241 778 767
Financial assets 580
Other non-current assets
Biological assets
Current assets 1,728 1,381 1,277 1,114
Inventories and prepaid expenses 54 52 44 49
Accounts receivable in one year 56 44 55 44
Other current assets 460 473
Cash and cash equivalents 1,158 813 1,177 1,021
Total assets 3,534 2,638 2,080 1,904
Equity 3,448 2,555 1,975 1,815
Minority share of capital
Grants and subsidies
Liabilities 86 83 105 89
Financial liabilities
Long-term liabilities
Short-term liabilities 86 83 105 89
Equity and liabilities 3,534 2,638 2,080 1,904

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 1% 2% 2% 3%
Return on equity (ROE) 1% 2% 2% 3%
Return on capital employed (ROCE) -0% 2% 2% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 38.10 40.97 37.90 20.60
Quick ratio 36.90 40.18 27.90 19.85
Turnover ratios
Asset turnover 0.16 0.16 0.19 0.31
Fixed asset turnover 0.26 0.38 0.59 0.91
Equity turnover 0.16 0.17 0.20 0.31
Profitability ratios
EBITDA margin 10% 19% 14% 13%
Operating profit margin -2% 6% 3% 5%
Net profit margin 0% 6% 3% 3%
Other ratios
Dividends to the State 1.30 929.40 203.69 94.78
Dividends paid / net profit 0.52 25.67 10.34 4.03
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 2% 2% 3% -2%
Return on equity (ROE) 2% 2% 3% -2%
Return on capital employed (ROCE) 2% -0% 4% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 40.97 16.70 12.13 12.50
Quick ratio 40.18 16.08 11.71 11.95
Turnover ratios
Asset turnover 0.16 0.09 0.14 0.10
Fixed asset turnover 0.38 0.18 0.32 0.26
Equity turnover 0.17 0.09 0.15 0.11
Profitability ratios
EBITDA margin 19% 10% 20% -9%
Operating profit margin 6% -2% 11% -25%
Net profit margin 6% -2% 12% -25%
Other ratios
Dividends to the State 929.40
Dividends paid / net profit 25.67

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ „Lietuvos prabavimo rūmai“
  • Legal formState enterprise (VĮ)
  • Company code152035320
  • SectorOther
  • Line of businessAssaying of precious metals and stones
  • Institution representing the StateMinistry of Finance
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.lpr.lt/
Return to the State

137 EUR thousand

ROE

2.6%

Number of employees

25

Financial data provided as at end-December 2019

Management

  • Gintautas BagotyriusDirector General

Information as of: 2020/10/01