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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

AB Lietuvos veislininkystė was established in 2012 January 2, after reorganization of AB Marijampolės regiono veislininkystė and AB Šiaulių regiono veislininkystė. Company keeps the most popular bull breeds of Lithuanian and Western countries and their accumulated sperm.

          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 1,787 1,970 2,312 2,514
Cost of goods sold 853 949 1,174 1,557
Gross profit (loss) 934 1,021 1,138 957
Gross profit margin 52% 52% 49% 38%
Operating expenses 883 936 1,097 854
Operating profit (loss) 51 85 40 100
Operating profit margin 3% 4% 2% 4%
EBITDA 178 258 134 104
EBITDA margin 10% 13% 6% 4%
Net profit (loss) 137 211 96 89
Net profit margin 8% 11% 4% 4%
2021-06 2022-06 2023-06 2024-06
Revenue 970 1,158 1,271 965
Cost of goods sold 470 589 666 570
Gross profit (loss) 499 568 605 394
Gross profit margin 52% 49% 48% 41%
Operating expenses 313 374 432 379
Operating profit (loss) 187 194 172 -7
Operating profit margin 19% 17% 14% -1%
EBITDA 235 210 213 20
EBITDA margin 24% 18% 17% 2%
Net profit (loss) 219 191 200 1
Net profit margin 23% 16% 16% 0%

* 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 198 216 198 150
Intangible assets 0
Tangible assets 139 158 135 134
Financial assets 0 0 0
Other non-current assets 59 58 63 17
Current assets 1,750 1,876 1,877 1,908
Inventories and prepaid expenses 1,056 1,114 1,256 1,374
Accounts receivable in one year 233 238 277 373
Other current assets 0 44
Cash and cash equivalents 462 523 344 116
Total assets 1,951 2,095 2,078 2,062
Equity 1,607 1,718 1,653 1,621
Grants and subsidies
Liabilities 344 378 425 441
Financial liabilities 0 0 0 17
Long-term liabilities 11
Short-term liabilities 344 378 425 430
Equity and liabilities 1,951 2,095 2,078 2,062
2021-06 2022-06 2023-06 2024-06
Non-current assets 215 205 164 118
Intangible assets 0
Tangible assets 149 136 117 118
Financial assets 0 0 0
Other non-current assets 66 68 47
Current assets 5 8 5 9
Inventories and prepaid expenses 1,257 1,323 1,418 1,426
Accounts receivable in one year 306 346 409 279
Other current assets 0 46
Cash and cash equivalents 355 335 206 100
Total assets 2,138 2,216 2,202 1,977
Equity 1,726 1,748 1,732 1,523
Grants and subsidies 0
Liabilities 413 468 470 453
Financial liabilities 0 0 0 98
Long-term liabilities 0 95
Short-term liabilities 413 468 470 358
Equity and liabilities 2,138 2,216 2,202 1,977

* 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) 7% 10% 5% 4%
Return on equity (ROE) 9% 13% 6% 5%
Return on capital employed (ROCE) 3% 5% 2% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.01
Current Ratio 5.09 4.97 4.42 4.44
Quick ratio 2.02 2.02 1.46 1.24
Turnover ratios
Asset turnover 0.92 0.94 1.11 1.22
Fixed asset turnover 9.02 9.11 11.70 16.74
Equity turnover 1.11 1.15 1.40 1.55
Profitability ratios
EBITDA margin 10% 13% 6% 4%
Operating profit margin 3% 4% 2% 4%
Net profit margin 8% 11% 4% 4%
Other ratios
Dividends to the State 99.54 159.01 119.53 97.27
Dividends paid / net profit 0.73 0.75 1.24 1.10

* Left axis

** Right axis

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

2021-06 2022-06 2023-06 2024-06
Capital return ratios
Return on assets (ROA) 7% 8% 5% -5%
Return on equity (ROE) 8% 11% 6% -7%
Return on capital employed (ROCE) 11% 11% 10% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.05
Current Ratio 4.65 4.28 4.32 5.17
Quick ratio 1.60 1.45 1.31 1.18
Turnover ratios
Asset turnover 0.45 0.52 0.58 0.49
Fixed asset turnover 4.50 5.65 7.75 8.18
Equity turnover 0.56 0.66 0.73 0.63
Profitability ratios
EBITDA margin 24% 18% 17% 2%
Operating profit margin 19% 17% 14% -1%
Net profit margin 23% 16% 16% 0%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2023 m. 6 mėn. tarpinės ataskaitos 2023 m. metinės ataskaitos
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. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. metinės 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. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB „Lietuvos veislininkystė“
  • Legal formPublic limited liability company (AB)
  • Company code302705528
  • SectorOther
  • Line of businessAnimal husbandry
  • Institution representing the StateProperty bank
  • Share belonging to the State98.95%
  • Contacts https://www.veislininkyste.lt/
Return to the State

97 EUR thousand

ROE

5.4%

Number of employees

22

Financial data provided as at end-December 2023

Management

  • Audrius KarnišauskasChief Executive Officer

Information as of: 2024/12/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Ligita RalienėIndependent member; UAB Orivas

MEMBERS OF THE BOARD OF DIRECTORS

  • Karolis TvaskusMinistry of Agriculture
  • Modestas VažnevičiusMinistry of Agriculture; Elektrėnai Municipality
  • Petras JurkuvėnasIndependent member; UAB TMV Capital
  • Giedrius PalubinskasIndependent member; LSMU

Information as of: 2024/12/02

VMU
ltg
RC
LP
TB
IGN
KN
IAE
EPSO