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Valdymo koordinavimo centras

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

2016 2017 2018 2019
Revenue 1,151 1,244 1,489 1,628
Cost of goods sold 582 621 706 771
Gross profit (loss) 569 623 783 858
Gross profit margin 49% 50% 53% 53%
Operating expenses 618 594 738 805
Operating profit (loss) -49 29 45 52
Operating profit margin -4% 2% 3% 3%
EBITDA 121 139 166 175
EBITDA margin 11% 11% 11% 11%
Net profit (loss) 76 91 110 125
Net profit margin 7% 7% 7% 8%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 579 722 812 869
Cost of goods sold 277 344 366 410
Gross profit (loss) 303 378 446 459
Gross profit margin 52% 52% 55% 53%
Operating expenses 227 248 303 259
Operating profit (loss) 76 130 143 200
Operating profit margin 13% 18% 18% 23%
EBITDA 113 156 170 228
EBITDA margin 20% 22% 21% 26%
Net profit (loss) 14 20 151 212
Net profit margin 14% 16% 19% 24%

* Left axis

** Right axis

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

Balance sheet

2016 2017 2018 2019
Non-current assets 282 260 225 225
Intangible assets
Tangible assets 217 197 172 155
Financial assets 0 0 0 0
Other non-current assets 65 63 53 69
Biological assets
Current assets 1,343 1,484 1,508 1,587
Inventories and prepaid expenses 674 878 949 999
Accounts receivable in one year 242 221 197 218
Other current assets
Cash and cash equivalents 428 385 362 371
Total assets 1,628 1,748 1,738 1,817
Equity 1,455 1,485 1,516 1,560
Minority share of capital
Grants and subsidies
Liabilities 173 263 222 257
Financial liabilities
Long-term liabilities
Short-term liabilities 173 263 222 257
Equity and liabilities 1,628 1,748 1,738 1,817
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 210 244 242 205
Intangible assets
Tangible assets 209 189 167 140
Financial assets 0 0 0 0
Other non-current assets 74 65
Biological assets 55
Current assets 1,516 1,548 1,644 1,709
Inventories and prepaid expenses 865 981 1,026 1,124
Accounts receivable in one year 310 280 362 354
Other current assets 8
Cash and cash equivalents 341 280 256 230
Total assets 1,725 1,793 1,890 1,924
Equity 1,489 1,541 1,585 1,682
Minority share of capital
Grants and subsidies
Liabilities 236 251 305 241
Financial liabilities
Long-term liabilities
Short-term liabilities 236 251 305 241
Equity and liabilities 1,725 1,793 1,890 1,924

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

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 5% 5% 6% 7%
Return on equity (ROE) 5% 6% 7% 8%
Return on capital employed (ROCE) 11% 13% 17% 18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 7.77 5.63 6.78 6.17
Quick ratio 3.88 2.30 2.51 2.29
Turnover ratios
Asset turnover 0.71 0.74 0.85 0.92
Fixed asset turnover 3.84 4.59 6.14 7.24
Equity turnover 0.80 0.85 0.99 1.06
Profitability ratios
EBITDA margin 11% 11% 11% 11%
Operating profit margin -4% 2% 3% 3%
Net profit margin 7% 7% 7% 8%
Other ratios
Dividends to the State 60.36 78.37 81.04 88.26
Dividends paid / net profit 0.79 0.86 0.73 0.70

* Left axis

** Right axis

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

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 5% 7% 7% 10%
Return on equity (ROE) 6% 8% 8% 11%
Return on capital employed (ROCE) 13% 18% 19% 25%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 5.63 6.16 5.39 7.08
Quick ratio 2.30 2.26 2.03 2.42
Turnover ratios
Asset turnover 0.74 0.41 0.44 0.46
Fixed asset turnover 4.59 3.18 3.34 3.89
Equity turnover 0.85 0.48 0.52 0.53
Profitability ratios
EBITDA margin 11% 22% 21% 26%
Operating profit margin 2% 18% 18% 23%
Net profit margin 7% 16% 19% 24%
Other ratios
Dividends to the State 78.37
Dividends paid / net profit 0.86

Financial statments

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

Target return on equity

5.3%

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 StateMinistry of Agriculture
  • Share belonging to the State99%
http://www.veislita.lt/
Return to the State

88 EUR thousand

ROE

8.2%

Number of employees

37

Financial data provided as at end-December 2019

Management

  • Gediminas ValiulisDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Evaldas PranckevičiusMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Vita JurgilienėMinistry of Agriculture
  • Modestas VažnevičiusMinistry of Agriculture
  • Romanas KančauskasIndependent member
  • Vladislovas VaišvilaAgricultural company Šiaurės bulius; Independent member

Information as of: 2020/10/01