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Valdymo koordinavimo centras

State Owned Enterprises

AB Lietuvos radijo ir televizijos centras (LRTC) started its activity in 1926 and acquired the status of a public company in 1997. The company provides television and radio program transmission, data transmission and wireless broadband internet services, accommodates equipment of broadcasters and telecommunication system operators in the company’s facilities. The company’s main competitors are TEO LT, Omnitel, Bitė Lietuva, Tele 2 and Balticum TV.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 19,120 19,854 20,080 20,719
Cost of goods sold 14,947 13,595 13,057 14,113
Gross profit (loss) 4,174 6,259 7,023 6,606
Gross profit margin 22% 32% 35% 32%
Operating expenses 5,906 6,520 6,543 6,190
Operating profit (loss) -1,733 -261 480 416
Operating profit margin -9% -1% 2% 2%
EBITDA 5,860 5,679 6,016 5,785
EBITDA margin 31% 29% 30% 28%
Net profit (loss) 269 141 933 659
Net profit margin 1% 1% 5% 3%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 10,160 9,924 10,110 9,994
Cost of goods sold 6,795 6,824 6,947 7,173
Gross profit (loss) 3,365 3,100 3,164 2,821
Gross profit margin 33% 31% 31% 28%
Operating expenses 2,753 2,888 2,982 2,832
Operating profit (loss) 612 212 181 -11
Operating profit margin 6% 2% 2% -0%
EBITDA 3,372 3,162 2,896 2,638
EBITDA margin 33% 32% 29% 26%
Net profit (loss) -16 2 340 44
Net profit margin 7% 5% 3% 0%

Balance sheet

2016 2017 2018 2019
Non-current assets 31,493 31,738 30,424 28,917
Intangible assets 129 89 191 189
Tangible assets 31,343 31,622 30,118 28,656
Financial assets 84 36
Other non-current assets 22 26 31 36
Biological assets
Current assets 8,986 6,832 10,031 11,868
Inventories and prepaid expenses 2,289 1,526 923 804
Accounts receivable in one year 3,077 2,724 2,841 3,286
Other current assets
Cash and cash equivalents 3,620 2,582 6,267 7,777
Total assets 40,480 38,569 40,455 40,784
Equity 31,828 32,051 32,413 32,117
Minority share of capital
Grants and subsidies
Liabilities 8,652 6,519 8,042 8,668
Financial liabilities 145 102 59 11
Long-term liabilities 1,075 4,615 4,613 6,149
Short-term liabilities 7,380 1,725 3,250 2,338
Equity and liabilities 40,480 38,569 40,455 40,784
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 31,004 30,420 28,996 27,500
Intangible assets 95 83 203 347
Tangible assets 30,885 30,309 28,681 27,087
Financial assets 29
Other non-current assets 24 29 112 38
Biological assets
Current assets 9,624 8,891 9,787 12,440
Inventories and prepaid expenses 3,651 1,397 635 770
Accounts receivable in one year 2,938 2,853 3,068 3,682
Other current assets 187
Cash and cash equivalents 3,035 4,642 5,897 7,988
Total assets 40,628 39,311 38,783 39,940
Equity 32,405 32,245 31,807 31,287
Minority share of capital
Grants and subsidies -0
Liabilities 8,223 7,066 6,569 8,653
Financial liabilities 102 81 37
Long-term liabilities 1,055 4,606 4,970 6,241
Short-term liabilities 7,169 2,459 1,347 2,221
Equity and liabilities 40,628 39,311 38,783 39,940

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 1% 0% 2% 2%
Return on equity (ROE) 1% 0% 3% 2%
Return on capital employed (ROCE) 3% 1% 5% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.22 3.96 3.09 5.08
Quick ratio 0.91 3.08 2.80 4.73
Turnover ratios
Asset turnover 0.47 0.50 0.51 0.51
Fixed asset turnover 0.64 0.63 0.65 0.70
Equity turnover 0.60 0.62 0.62 0.64
Profitability ratios
EBITDA margin 31% 29% 30% 28%
Operating profit margin -9% -1% 2% 2%
Net profit margin 1% 1% 5% 3%
Other ratios
Dividends to the State 142.60 330.68 955.23 874.00
Dividends paid / net profit 0.53 2.35 1.02 1.33
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 0% -0% 2% 1%
Return on equity (ROE) 0% -0% 2% 1%
Return on capital employed (ROCE) 1% 3% 2% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00
Current Ratio 3.96 3.61 7.27 5.60
Quick ratio 3.08 3.05 6.79 5.26
Turnover ratios
Asset turnover 0.50 0.25 0.26 0.25
Fixed asset turnover 0.63 0.32 0.34 0.35
Equity turnover 0.62 0.31 0.32 0.32
Profitability ratios
EBITDA margin 29% 32% 29% 26%
Operating profit margin -1% 2% 2% -0%
Net profit margin 1% 5% 3% 0%
Other ratios
Dividends to the State 330.68
Dividends paid / net profit 2.35

Expectations of the state

Target return on equity

4.5%

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

874 EUR thousand

ROE

2.0%

Number of employees

303

Financial data provided as at end-December 2019

Management

  • Remigijus ŠerisDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vidas DanieliusMonitoring and Forecasting Agency

MEMBERS OF THE BOARD OF DIRECTORS

  • Janina LaskauskienėMinistry of Transport and Communications
  • Raimondas GeleževičiusAB Lietuvos draudimas; Independent member

Information as of: 2020/10/01