Lietuvos žirgynas
On June 2012 UAB “Vilniaus žirgynas”, UAB “Sartų žirgynas” and UAB “Nemuno žirgynas” were reorganized by merge into UAB “Lietuvos žirgynas”. The company carries out specialized horse breeding, its raising and sales function, cultivates and maintains the minimum number of horses for each breed, cultivates breeding horses for Lithuanian horse breeders, organizes events for breeding competition and assesses performance and sporting characteristics of horses, participates in various programs, provides various horse breeding and consulting services.
Financial results
P/L Statment
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Revenue | 612 | 650 | 695 | 663 |
| Cost of goods sold | 339 | 338 | 477 | 406 |
| Gross profit (loss) | 273 | 312 | 218 | 257 |
| Gross profit margin | 45% | 48% | 31% | 39% |
| Operating expenses | 270 | 268 | 207 | 240 |
| Operating profit (loss) | 3 | 44 | 11 | 17 |
| Operating profit margin | 0% | 7% | 2% | 3% |
| EBITDA | 141 | 141 | 106 | 112 |
| EBITDA margin | 23% | 22% | 15% | 17% |
| Net profit (loss) | 25 | 24 | 3 | 8 |
| Net profit margin | 4% | 4% | 0% | 1% |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Revenue | 311 | 342 | 296 | 341 |
| Cost of goods sold | 671 | 705 | 326 | 316 |
| Gross profit (loss) | -361 | -363 | -30 | 25 |
| Gross profit margin | -116% | -106% | -10% | 7% |
| Operating expenses | 126 | 120 | 118 | 125 |
| Operating profit (loss) | -486 | -483 | -149 | -100 |
| Operating profit margin | -157% | -141% | -50% | -29% |
| EBITDA | 12 | -33 | -100 | -48 |
| EBITDA margin | 4% | -10% | -34% | -14% |
| Net profit (loss) | -153 | -101 | ||
| Net profit margin | -7% | -11% | -52% | -30% |
Balance sheet
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Non-current assets | 1,315 | 1,288 | 1,199 | 1,130 |
| Intangible assets | 1 | 1 | 0 | |
| Tangible assets | 830 | 836 | 749 | 652 |
| Financial assets | 3 | 1 | ||
| Other non-current assets | 481 | 451 | 449 | 478 |
| Biological assets | ||||
| Current assets | 772 | 784 | 901 | 886 |
| Inventories and prepaid expenses | 488 | 489 | 637 | 684 |
| Accounts receivable in one year | 255 | 276 | 126 | 103 |
| Other current assets | ||||
| Cash and cash equivalents | 29 | 20 | 138 | 99 |
| Total assets | 2,124 | 2,093 | 2,109 | 2,020 |
| Equity | 1,554 | 1,564 | 1,546 | 1,548 |
| Minority share of capital | ||||
| Grants and subsidies | 126 | 103 | 83 | 62 |
| Liabilities | 444 | 427 | 481 | 409 |
| Financial liabilities | 97 | 90 | 57 | 32 |
| Long-term liabilities | 123 | 95 | 51 | 10 |
| Short-term liabilities | 321 | 333 | 430 | 399 |
| Equity and liabilities | 2,124 | 2,094 | 2,109 | 2,020 |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Non-current assets | 1,520 | 1,457 | 1,118 | 1,099 |
| Intangible assets | 1 | 0 | ||
| Tangible assets | 803 | 791 | 699 | 666 |
| Financial assets | 16 | |||
| Other non-current assets | 1 | 419 | 434 | |
| Biological assets | 700 | 665 | ||
| Current assets | 1,009 | 678 | 1,008 | 1,057 |
| Inventories and prepaid expenses | 211 | 242 | 568 | 671 |
| Accounts receivable in one year | 684 | 255 | 260 | 267 |
| Other current assets | ||||
| Cash and cash equivalents | 114 | 181 | 180 | 119 |
| Total assets | 2,529 | 2,135 | 2,134 | 2,163 |
| Equity | 1,485 | 1,458 | 1,387 | 1,440 |
| Minority share of capital | ||||
| Grants and subsidies | 552 | 93 | 73 | 52 |
| Liabilities | 492 | 584 | 674 | 671 |
| Financial liabilities | 122 | 211 | 44 | 72 |
| Long-term liabilities | 159 | 95 | 51 | 58 |
| Short-term liabilities | 333 | 490 | 624 | 613 |
| Equity and liabilities | 2,529 | 2,135 | 2,134 | 2,163 |
Financial ratios
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 1% | 0% | 0% |
| Return on equity (ROE) | 2% | 2% | 0% | 1% |
| Return on capital employed (ROCE) | 4% | 4% | 1% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.06 | 0.06 | 0.04 | 0.02 |
| Current Ratio | 2.41 | 2.36 | 2.09 | 2.22 |
| Quick ratio | 0.89 | 0.89 | 0.61 | 0.50 |
| Turnover ratios | ||||
| Asset turnover | 0.28 | 0.31 | 0.33 | 0.32 |
| Fixed asset turnover | 0.49 | 0.50 | 0.56 | 0.57 |
| Equity turnover | 0.40 | 0.42 | 0.45 | 0.43 |
| Profitability ratios | ||||
| EBITDA margin | 23% | 22% | 15% | 17% |
| Operating profit margin | 0% | 7% | 2% | 3% |
| Net profit margin | 4% | 4% | 0% | 1% |
| Other ratios | ||||
| Dividends to the State | 12.37 | 18.64 | 4.66 | 6.63 |
| Dividends paid / net profit | 0.49 | 0.78 | 1.61 | 0.83 |
| 2017-06-30 | 2018-06-30 | 2019-06-30 | 2020-06-30 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | -0% | -3% | 3% |
| Return on equity (ROE) | 2% | -0% | -5% | 4% |
| Return on capital employed (ROCE) | 4% | -10% | -20% | -12% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.06 | 0.14 | 0.18 | 0.19 |
| Current Ratio | 2.36 | 1.39 | 1.62 | 1.72 |
| Quick ratio | 0.89 | 0.89 | 0.71 | 0.63 |
| Turnover ratios | ||||
| Asset turnover | 0.31 | 0.15 | 0.14 | 0.16 |
| Fixed asset turnover | 0.50 | 0.23 | 0.23 | 0.31 |
| Equity turnover | 0.42 | 0.23 | 0.21 | 0.24 |
| Profitability ratios | ||||
| EBITDA margin | 22% | -10% | -34% | -14% |
| Operating profit margin | 7% | -141% | -50% | -29% |
| Net profit margin | 4% | -11% | -52% | -30% |
| Other ratios | ||||
| Dividends to the State | 18.64 | |||
| Dividends paid / net profit | 0.78 |
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
5.2%
About the company
- Official nameUAB „Lietuvos žirgynas“
- Legal formPrivate limited liability company (UAB)
- Company code302795881
- SectorOther
- Line of businessHorse stud farm
- Institution representing the StateMinistry of Agriculture
- Share belonging to the State89.61%
Return to the State
7 EUR thousand
ROE
0.5%
Number of employees
77
Financial data provided as at end-December 2019
Management
- L. e. p. Regina GražulienėDirector General
Information as of: 2021/04/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Andrius BurlėgaMinistry of Agriculture
MEMBERS OF THE BOARD OF DIRECTORS
- Rūta Pupkaitė-JurgutienėMinistry of Agriculture
- Tadas ŠvilpauskasMinistry of Agriculture
- Aloyzas JaciunskasAlytus District municipality; Independent member
- Petras JurkuvėnasMutter Charity Foundation; Independent member
Information as of: 2021/04/01
