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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

AB Lietuvos radijo ir televizijos centras (Telecentras) is a state-owned joint-stock company, which is the largest operator of free-to-air radio and television programmes in Lithuania. The company also provides data transmission, data centres, infrastructure rental, live broadcasts to studios and other services. The company owns the tallest building in Lithuania, the Vilnius TV Tower.

         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

2020 2021 2022 2023
Revenue 20,496 9,652 13,040 16,524
Cost of goods sold 14,361 5,937 8,932 12,499
Gross profit (loss) 6,135 3,716 4,108 4,025
Gross profit margin 30% 38% 31% 24%
Operating expenses 5,218 3,234 3,004 1,852
Operating profit (loss) 18 404 967 885
Operating profit margin 0% 4% 7% 5%
EBITDA 5,383 16,742 3,885 4,076
EBITDA margin 26% 173% 30% 25%
Net profit (loss) 209 12,344 1,091 1,558
Net profit margin 1% 128% 8% 9%
2020-06 2021-06 2022-06 2023-06
Revenue 9,994 4,407 5,838 7,773
Cost of goods sold 7,173 2,530 4,074 6,466
Gross profit (loss) 2,821 1,877 1,764 1,308
Gross profit margin 28% 43% 30% 17%
Operating expenses 2,498 1,581 1,194 706
Operating profit (loss) -11 283 516 202
Operating profit margin -0% 6% 9% 3%
EBITDA 2,638 15,566 1,817 1,502
EBITDA margin 26% 353% 31% 19%
Net profit (loss) 44 11,511 380 339
Net profit margin 0% 261% 7% 4%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2020 2021 2022 2023
Non-current assets 28,474 22,238 34,243 48,249
Intangible assets 551 188 328 261
Tangible assets 27,863 21,997 29,552 47,639
Financial assets 40 0 4,109 0
Other non-current assets 20 53 254 349
Current assets 27,228 37,154 17,497 3,874
Inventories and prepaid expenses 600 42 28 48
Accounts receivable in one year 3,540 1,175 1,079 2,415
Other current assets
Cash and cash equivalents 23,089 35,938 16,390 1,412
Total assets 55,702 59,392 51,740 52,123
Equity 31,791 45,259 38,305 39,836
Grants and subsidies 95 90
Liabilities 23,712 14,023 13,200 12,037
Financial liabilities 1,183 1,159 1,334 2,952
Long-term liabilities 6,339 10,436 10,732 3,808
Short-term liabilities 17,373 3,587 2,468 8,230
Equity and liabilities 55,702 59,392 51,740 52,123
2020-06 2021-06 2022-06 2023-06
Non-current assets 27,500 18,596 27,333 38,608
Intangible assets 347 231 265 305
Tangible assets 27,087 18,180 22,426 33,912
Financial assets 29 0 4,587 4,141
Other non-current assets 38 186 54 250
Current assets 12,440 38,547 30,693 14,966
Inventories and prepaid expenses 770 39 32 25
Accounts receivable in one year 3,682 8,716 1,325 2,022
Other current assets 0
Cash and cash equivalents 7,988 29,792 29,335 12,919
Total assets 39,940 57,143 58,026 53,574
Equity 31,287 42,929 45,641 37,681
Grants and subsidies 0 0 98 93
Liabilities 8,462 14,071 12,051 15,602
Financial liabilities 0 0 1,151 1,321
Long-term liabilities 6,241 9,979 10,581 10,703
Short-term liabilities 2,221 4,092 1,471 4,898
Equity and liabilities 39,940 57,143 58,026 53,574

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 0% 21% 2% 3%
Return on equity (ROE) 1% 32% 3% 4%
Return on capital employed (ROCE) 0% 1% 2% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.03 0.06
Current Ratio 1.57 10.36 7.09 0.47
Quick ratio 1.53 10.35 7.08 0.46
Turnover ratios
Asset turnover 0.37 0.16 0.25 0.32
Fixed asset turnover 0.72 0.43 0.38 0.34
Equity turnover 0.64 0.21 0.34 0.41
Profitability ratios
EBITDA margin 26% 173% 30% 25%
Operating profit margin 0% 4% 7% 5%
Net profit margin 1% 128% 8% 9%
Other ratios
Dividends to the State 373.00 7,639.10 940.20 1,705.20
Dividends paid / net profit 1.78 0.62 0.86 1.09

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 1% 24% 2% 2%
Return on equity (ROE) 1% 31% 3% 3%
Return on capital employed (ROCE) -0% 1% 1% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.02 0.02
Current Ratio 5.60 9.42 20.87 3.06
Quick ratio 5.26 9.41 20.85 3.05
Turnover ratios
Asset turnover 0.25 0.08 0.10 0.15
Fixed asset turnover 0.36 0.24 0.21 0.20
Equity turnover 0.32 0.10 0.13 0.21
Profitability ratios
EBITDA margin 26% 353% 31% 19%
Operating profit margin -0% 6% 9% 3%
Net profit margin 0% 261% 7% 4%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 3 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB Lietuvos radijo ir televizijos centras
  • Legal formPublic limited liability company (AB)
  • Company code120505210
  • SectorTransport and Communications
  • Line of businessBroadcasting of radio and television, broadband internet services
  • Institution representing the StateMinistry of Transport and Communications
  • Share belonging to the State100%
http://www.telecentras.lt/
Return to the State

1.7 EUR milion

ROE

4.0%

Number of employees

155

Financial data provided as at end-December 2023

Management

  • Remigijus ŠerisChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Aušra PranckaitytėIndependent member; UAB Vidaus audito konsultacijos

MEMBERS OF THE BOARD OF DIRECTORS

  • Roma AndruškevičienėMinistry of Transport and Communications
  • Ramūnas Markauskas Independent member; UAB Nord Security

Information as of: 2024/06/03

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