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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.


         2023/24 GOOD CORPORATE GOVERNANCE INDEX

                     


         2022/23 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%
2021-06 2022-06 2023-06 2024-06
Revenue 4,407 5,838 7,773 7,341
Cost of goods sold 2,530 4,074 6,466 5,486
Gross profit (loss) 1,877 1,764 1,308 1,855
Gross profit margin 43% 30% 17% 25%
Operating expenses 1,581 1,194 706 1,388
Operating profit (loss) 283 516 202 341
Operating profit margin 6% 9% 3% 5%
EBITDA 15,566 1,817 1,502 1,894
EBITDA margin 353% 31% 19% 26%
Net profit (loss) 11,511 380 339 298
Net profit margin 261% 7% 4% 4%

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
2021-06 2022-06 2023-06 2024-06
Non-current assets 18,596 27,333 38,608 54,500
Intangible assets 231 265 305 249
Tangible assets 18,180 22,426 33,912 53,901
Financial assets 0 4,587 4,141 0
Other non-current assets 186 54 250 350
Current assets
Inventories and prepaid expenses 39 32 25 32
Accounts receivable in one year 8,716 1,325 2,022 2,016
Other current assets
Cash and cash equivalents 29,792 29,335 12,919 528
Total assets 57,143 58,026 53,574 57,076
Equity 42,929 45,641 37,681 38,429
Grants and subsidies 0 98 93 88
Liabilities 14,071 12,051 15,602 18,346
Financial liabilities 0 1,151 1,321 10,339
Long-term liabilities 9,979 10,581 10,703 11,186
Short-term liabilities 4,092 1,471 4,898 7,160
Equity and liabilities 57,143 58,026 53,574 57,076

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
2021-06 2022-06 2023-06 2024-06
Capital return ratios
Return on assets (ROA) 24% 2% 2% 3%
Return on equity (ROE) 31% 3% 3% 4%
Return on capital employed (ROCE) 1% 1% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.02 0.02 0.18
Current Ratio 9.42 20.87 3.06 0.36
Quick ratio 9.41 20.85 3.05 0.36
Turnover ratios
Asset turnover 0.08 0.10 0.15 0.13
Fixed asset turnover 0.24 0.21 0.20 0.13
Equity turnover 0.10 0.13 0.21 0.19
Profitability ratios
EBITDA margin 353% 31% 19% 26%
Operating profit margin 6% 9% 3% 5%
Net profit margin 261% 7% 4% 4%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

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: 2024/11/04

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: 2024/11/04