Lietuvos veislininkystė
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% |
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 |
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 |
| 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
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
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%
Return to the State
88 EUR thousand
ROE
8.2%
Number of employees
37
Financial data provided as at end-December 2019
