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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Vį Mašinų bandymo stotis was registered in 1998. Company tests farm machinery and equipment, agricultural and forestry tractors, determines the conformity of consumption characteristics to the requirements of normative documents.

Financial results

P/L Statment

2017 2018 2019
Revenue 254 410 277
Cost of goods sold 146 111 101
Gross profit (loss) 108 300 177
Gross profit margin 42% 73% 64%
Operating expenses 289 266 157
Operating profit (loss) -181 34 19
Operating profit margin -71% 8% 7%
EBITDA -172 41 35
EBITDA margin -68% 10% 13%
Net profit (loss) 16 30 17
Net profit margin 6% 7% 6%
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin

Balance sheet

2017 2018 2019
Non-current assets 21 33 1,012
Intangible assets 0
Tangible assets 21 33 1,012
Financial assets
Other non-current assets
Current assets 64 57 83
Inventories and prepaid expenses 0 0 1
Accounts receivable in one year 39 23 23
Other current assets
Cash and cash equivalents 25 33 59
Total assets 85 90 1,094
Equity 12 42 1,053
Grants and subsidies 9 8 6
Liabilities 64 40 36
Financial liabilities
Long-term liabilities
Short-term liabilities 64 40 36
Equity and liabilities 85 90 1,095
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 13% 35% 3% %
Return on equity (ROE) 34% 114% 3% %
Return on capital employed (ROCE) -1722% 139% 4% %
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.00 1.41 2.29
Quick ratio 0.99 1.40 2.27
Turnover ratios
Asset turnover 2.07 4.70 0.47
Fixed asset turnover 6.92 15.17 0.53
Equity turnover 5.41 15.34 0.51
Profitability ratios
EBITDA margin -68% 10% 13% %
Operating profit margin -71% 8% 7% %
Net profit margin 6% 7% 6% %
Other ratios
Dividends to the State 1.40 12.90
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Dividends paid / net profit 0.05 0.75
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2018-06
Capital return ratios
Return on assets (ROA) 13%
Return on equity (ROE) 34%
Return on capital employed (ROCE) -1722%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.00
Quick ratio 0.99
Turnover ratios
Asset turnover 2.07
Fixed asset turnover 6.92
Equity turnover 5.41
Profitability ratios
EBITDA margin -68%
Operating profit margin -71%
Net profit margin 6%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

13.3%

About the company

  • Official nameUAB Mašinų bandymo stotis
  • Legal formState enterprise (VĮ)
  • Company code190819979
  • SectorOther
  • Line of businessTest and certification of industry equipment and agricultural machinery
  • Institution representing the StateProperty bank
  • Share belonging to the State100%
http://www.bandymai.lt
ROE

%

Financial data provided as at end-December 2020