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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Financial results

P/L Statment

2019 2020
Revenue 9,155 13,678
Cost of goods sold 15,240 39,714
Gross profit (loss) -6,084 -26,035
Gross profit margin -66% -190%
Operating expenses 3,122 10,509
Operating profit (loss) -9,206 -36,544
Operating profit margin -101% -267%
EBITDA 5,434 11,978
EBITDA margin 59% 88%
Net profit (loss) 1,163 -207
Net profit margin 13% -2%

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Balance sheet

2019 2020
Non-current assets 142,023 134,724
Intangible assets 124 0
Tangible assets 141,045 133,739
Financial assets
Other non-current assets 855 985
Biological assets
Current assets 10,731 20,007
Inventories and prepaid expenses 1,133 951
Accounts receivable in one year 2,130 1,631
Other current assets
Cash and cash equivalents 7,288 17,389
Total assets 154,035 155,155
Equity 143,941 143,734
Minority share of capital
Grants and subsidies
Liabilities 9,350 7,086
Financial liabilities 275 1,017
Long-term liabilities 179 869
Short-term liabilities 8,503 5,547
Equity and liabilities 154,035 155,155

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Financial ratios

2017 2019 2020
Capital return ratios
Return on assets (ROA) 1% 2% -0%
Return on equity (ROE) 2% 2% -0%
Return on capital employed (ROCE) 4% 2% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.00 0.01
Current Ratio 2.36 1.26 3.61
Quick ratio 0.89 1.13 3.44
Turnover ratios
Asset turnover 0.31 0.12 0.09
Fixed asset turnover 0.50 0.13 0.10
Equity turnover 0.42 0.13 0.10
Profitability ratios
EBITDA margin 22% 59% 88%
Operating profit margin 7% -101% -267%
Net profit margin 4% 13% -2%
Other ratios
Dividends to the State 18.64
Dividends paid / net profit 0.78

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About the company

  • Official nameUAB „LTG Link“
  • Legal formPrivate limited liability company (UAB)
  • Company code305052228
  • SectorTransport and Communications
  • Line of businessResponsible for train travel in Lithuania, international travel and transit travel to the Kaliningrad region.
  • Accountability„Lietuvos geležinkeliai“ group of companies
  • Share indirectly belonging to the State100%
https://www.litrail.lt/ltg-link
ROE

-0.1%

Number of employees

675

Financial data provided as at end-December 2020