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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.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,244 1,489 1,628 1,787
Cost of goods sold 621 706 771 853
Gross profit (loss) 623 783 858 934
Gross profit margin 50% 53% 53% 52%
Operating expenses 594 738 805 883
Operating profit (loss) 29 45 52 51
Operating profit margin 2% 3% 3% 3%
EBITDA 139 166 175 178
EBITDA margin 11% 11% 11% 10%
Net profit (loss) 91 110 125 137
Net profit margin 7% 7% 8% 8%
2018-06 2019-06 2020-06 2021-06
Revenue 722 812 869 970
Cost of goods sold 344 366 410 470
Gross profit (loss) 378 446 459 499
Gross profit margin % % 55% 52%
Operating expenses 248 303 259 313
Operating profit (loss) 130 143 200 187
Operating profit margin % % 18% 19%
EBITDA 170 235
EBITDA margin % % 21% 24%
Net profit (loss) 136 151 212 219
Net profit margin % % 19% 23%

Balance sheet

2017 2018 2019 2020
Non-current assets 260 225 225 198
Intangible assets
Tangible assets 197 172 155 139
Financial assets 0 0 0 0
Other non-current assets 63 53 69 59
Current assets 1,484 1,508 1,587 1,750
Inventories and prepaid expenses 878 949 999 1,056
Accounts receivable in one year 221 197 218 233
Other current assets
Cash and cash equivalents 385 362 371 462
Total assets 1,748 1,738 1,817 1,951
Equity 1,485 1,516 1,560 1,607
Grants and subsidies
Liabilities 263 222 257 344
Financial liabilities
Long-term liabilities
Short-term liabilities 263 222 257 344
Equity and liabilities 1,748 1,738 1,817 1,951
2019-06 2020-06 2021-06
Non-current assets 242 205 215
Intangible assets
Tangible assets 167 140 149
Financial assets 0 0 0
Other non-current assets 74 65 66
Current assets 1,644 1,709 1,919
Inventories and prepaid expenses 1,026 1,124 1,257
Accounts receivable in one year 362 354 306
Other current assets
Cash and cash equivalents 256 230 355
Total assets 1,890 1,924 2,138
Equity 1,585 1,682 1,726
Grants and subsidies
Liabilities 305 241 413
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities 1,890 1,924 2,138

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 5% 6% 7% 7%
Return on equity (ROE) 6% 7% 8% 9%
Return on capital employed (ROCE) 13% 17% 18% 19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 5.63 6.78 6.17 5.09
Quick ratio 2.30 2.51 2.29 2.02
Turnover ratios
Asset turnover 0.74 0.85 0.92 0.95
Fixed asset turnover 4.59 6.14 7.24 8.45
Equity turnover 0.85 0.99 1.06 1.13
Profitability ratios
EBITDA margin 11% 11% 11% 10%
Operating profit margin 2% 3% 3% 3%
Net profit margin 7% 7% 8% 8%
Other ratios
Dividends to the State 78.37 81.04 88.26 98.55
Dividends paid / net profit 0.86 0.73 0.70 0.72
2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) 5% % % 7%
Return on equity (ROE) 6% % % 8%
Return on capital employed (ROCE) 13% -2% 16% 21%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 5.63
Quick ratio 2.30
Turnover ratios
Asset turnover 0.74 0.86 0.46 0.48
Fixed asset turnover 4.59 6.72 3.89 4.62
Equity turnover 0.85 1.02 0.53 0.57
Profitability ratios
EBITDA margin 11% % 21% 24%
Operating profit margin 2% % 18% 19%
Net profit margin 7% % 19% 23%
Other ratios
Dividends to the State 78.37
Dividends paid / net profit 0.86

Expectations of the state

Target return on equity

5.3%

About the company

  • Official nameAB „Lietuvos veislininkystė“
  • Legal formPublic limited liability company (AB)
  • Company code302705528
  • SectorOther
  • Line of businessAnimal husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State99%
http://www.veislita.lt/
Return to the State

99 EUR thousand

ROE

8.6%

Number of employees

36

Financial data provided as at end-December 2020

Management

  • Gediminas ValiulisDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Ligita RalienėIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Vita JurgilienėMinistry of Agriculture
  • Modestas VažnevičiusMinistry of Agriculture
  • Petras JurkuvėnasIndependent member

Information as of: 2021/10/01