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.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Average net profitability:
- 2022–2024 ≥ 7,0 percent.
- Annual ratio of total liabilities to equity:
- 2022–2024 limit 0,15–0,2 times
- 2022–2024 limit 0,15–0,2 times
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2023-2025
- Return on equity ROE, %:
- 2023 – 6,3
- 2024 – 6,5
- 2025 – 7,1
- Return on assets ROA, %:
- 2023 – 5,4
- 2024 – 5,5
- 2025 – 6,1
- Sale of bull semen doses, thousand. pcs.:
- 2023-2025 every year 200
- Sale of bull semen doses, thousand. euros:
- 2023 – 1276
- 2024 – 1320
- 2025 – 1408
- Evaluation of the strategic plan:
- 2023 – 8,0
- 2024 – 8,5
- 2025 – 9,0
- Good Governance Index:
- 2023-2025 – A
2022/23 GOOD CORPORATE GOVERNANCE INDEX
2021/22 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
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Revenue | 1,628 | 1,787 | 1,970 | 2,312 |
Cost of goods sold | 771 | 853 | 949 | 1,174 |
Gross profit (loss) | 858 | 934 | 1,021 | 1,138 |
Gross profit margin | 53% | 52% | 52% | 49% |
Operating expenses | 805 | 883 | 936 | 1,097 |
Operating profit (loss) | 52 | 51 | 85 | 40 |
Operating profit margin | 3% | 3% | 4% | 2% |
EBITDA | 175 | 178 | 258 | 141 |
EBITDA margin | 11% | 10% | 13% | 6% |
Net profit (loss) | 125 | 137 | 211 | 96 |
Net profit margin | 8% | 8% | 11% | 4% |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Revenue | 869 | 970 | 1,158 | 1,271 |
Cost of goods sold | 410 | 470 | 589 | 666 |
Gross profit (loss) | 459 | 499 | 568 | 605 |
Gross profit margin | 53% | 52% | 49% | 48% |
Operating expenses | 259 | 313 | 374 | 432 |
Operating profit (loss) | 200 | 187 | 194 | 172 |
Operating profit margin | 23% | 19% | 17% | 14% |
EBITDA | 228 | 235 | 210 | 213 |
EBITDA margin | 26% | 24% | 18% | 17% |
Net profit (loss) | 212 | 219 | 191 | 200 |
Net profit margin | 24% | 23% | 16% | 16% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 225 | 198 | 216 | 198 |
Intangible assets | 0 | 0 | ||
Tangible assets | 155 | 139 | 158 | 135 |
Financial assets | 0 | 0 | 0 | 0 |
Other non-current assets | 69 | 59 | 58 | 63 |
Current assets | 1,587 | 1,750 | 1,876 | 1,877 |
Inventories and prepaid expenses | 999 | 1,056 | 1,114 | 1,256 |
Accounts receivable in one year | 218 | 233 | 238 | 277 |
Other current assets | 0 | 0 | ||
Cash and cash equivalents | 371 | 462 | 523 | 344 |
Total assets | 1,817 | 1,951 | 2,095 | 2,078 |
Equity | 1,560 | 1,607 | 1,718 | 1,653 |
Grants and subsidies | ||||
Liabilities | 257 | 344 | 378 | 425 |
Financial liabilities | 0 | 0 | 0 | 0 |
Long-term liabilities | ||||
Short-term liabilities | 257 | 344 | 378 | 425 |
Equity and liabilities | 1,817 | 1,951 | 2,095 | 2,078 |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Non-current assets | 205 | 215 | 205 | 164 |
Intangible assets | 0 | 0 | ||
Tangible assets | 140 | 149 | 136 | 117 |
Financial assets | 0 | 0 | 0 | 0 |
Other non-current assets | 65 | 66 | 68 | 47 |
Current assets | 1,709 | 1,919 | 2,003 | 2,033 |
Inventories and prepaid expenses | 1,124 | 1,257 | 1,323 | 1,418 |
Accounts receivable in one year | 354 | 306 | 346 | 409 |
Other current assets | 0 | 0 | ||
Cash and cash equivalents | 230 | 355 | 335 | 206 |
Total assets | 1,924 | 2,138 | 2,216 | 2,202 |
Equity | 1,682 | 1,726 | 1,748 | 1,732 |
Grants and subsidies | 0 | 0 | ||
Liabilities | 241 | 413 | 468 | 470 |
Financial liabilities | 0 | 0 | 0 | 0 |
Long-term liabilities | 0 | 0 | 0 | 0 |
Short-term liabilities | 241 | 413 | 468 | 470 |
Equity and liabilities | 1,924 | 2,138 | 2,216 | 2,202 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 7% | 7% | 10% | 5% |
Return on equity (ROE) | 8% | 9% | 13% | 6% |
Return on capital employed (ROCE) | 3% | 3% | 5% | 2% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
Current Ratio | 6.17 | 5.09 | 4.97 | 4.42 |
Quick ratio | 2.29 | 2.02 | 2.02 | 1.46 |
Turnover ratios | ||||
Asset turnover | 0.90 | 0.92 | 0.94 | 1.11 |
Fixed asset turnover | 7.25 | 9.02 | 9.11 | 11.70 |
Equity turnover | 1.04 | 1.11 | 1.15 | 1.40 |
Profitability ratios | ||||
EBITDA margin | 11% | 10% | 13% | 6% |
Operating profit margin | 3% | 3% | 4% | 2% |
Net profit margin | 8% | 8% | 11% | 4% |
Other ratios | ||||
Dividends to the State | 88.26 | 99.54 | 159.01 | 119.53 |
Dividends paid / net profit | 0.70 | 0.73 | 0.75 | 1.24 |
2020-06 | 2021-06 | 2022-06 | 2023-06 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 10% | 7% | 8% | 5% |
Return on equity (ROE) | 11% | 8% | 11% | 6% |
Return on capital employed (ROCE) | 12% | 11% | 11% | 10% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
Current Ratio | 7.08 | 4.65 | 4.28 | 4.32 |
Quick ratio | 2.42 | 1.60 | 1.45 | 1.31 |
Turnover ratios | ||||
Asset turnover | 0.45 | 0.45 | 0.52 | 0.58 |
Fixed asset turnover | 4.25 | 4.50 | 5.65 | 7.75 |
Equity turnover | 0.52 | 0.56 | 0.66 | 0.73 |
Profitability ratios | ||||
EBITDA margin | 26% | 24% | 18% | 17% |
Operating profit margin | 23% | 19% | 17% | 14% |
Net profit margin | 24% | 23% | 16% | 16% |
Other ratios | ||||
Dividends to the State | ||||
Dividends paid / net profit |
Financial statments
Expectations of the state
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 State98.95%
Return to the State
120 EUR thousand
ROE
5.7%
Number of employees
35
Financial data provided as at end-December 2022
Management
- Audrius KarnišauskasChief Executive Officer
Information as of: 2023/11/03
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Ligita RalienėIndependent member
MEMBERS OF THE BOARD OF DIRECTORS
- Karolis TvaskusMinistry of Agriculture
- Modestas VažnevičiusMinistry of Agriculture
- Petras JurkuvėnasUAB PJ LT; Independent member; UAB „Lietuvos žirgynas“
- Giedrius PalubinskasLSMU; Independent member
Information as of: 2023/11/03