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Valdymo koordinavimo centras

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

2016 2017 2018 2019
Revenue 249 254 410 277
Cost of goods sold 128 146 111 101
Gross profit (loss) 121 108 300 177
Gross profit margin 48% 42% 73% 64%
Operating expenses 288 289 266 157
Operating profit (loss) -168 -181 34 19
Operating profit margin -67% -71% 8% 7%
EBITDA -159 -172 41 35
EBITDA margin -64% -68% 10% 13%
Net profit (loss) 14 16 30 17
Net profit margin 6% 6% 7% 6%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 135 137 137 138
Cost of goods sold 79 60 48 53
Gross profit (loss) 56 77 89 85
Gross profit margin 41% 56% 65% 61%
Operating expenses 149 142 76 74
Operating profit (loss) -93 -65 13 11
Operating profit margin -69% -47% 9% 8%
EBITDA -89 -62 17 20
EBITDA margin -66% -45% 12% 15%
Net profit (loss) 1 4 11 10
Net profit margin 4% 18% 8% 7%

Balance sheet

2016 2017 2018 2019
Non-current assets 52 21 33 1,012
Intangible assets 0
Tangible assets 24 21 33 1,012
Financial assets 29
Other non-current assets
Biological assets
Current assets 58 64 57 83
Inventories and prepaid expenses 8 0 0 1
Accounts receivable in one year 32 39 23 23
Other current assets
Cash and cash equivalents 18 25 33 59
Total assets 161 85 90 1,094
Equity 82 12 42 1,053
Minority share of capital
Grants and subsidies 15 9 8 6
Liabilities 64 64 40 36
Financial liabilities
Long-term liabilities
Short-term liabilities 64 64 40 36
Equity and liabilities 161 85 90 1,095
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 54 36 30 1,003
Intangible assets 0
Tangible assets 26 36 30 1,003
Financial assets 29
Other non-current assets
Biological assets
Current assets 100 62 85 86
Inventories and prepaid expenses 1 0 0 0
Accounts receivable in one year 33 40 27 27
Other current assets 51
Cash and cash equivalents 16 21 58 58
Total assets 154 98 114 1,089
Equity 81 35 52 1,050
Minority share of capital
Grants and subsidies 10 8 7 5
Liabilities 63 54 56 35
Financial liabilities
Long-term liabilities
Short-term liabilities 63 54 56 35
Equity and liabilities 154 98 114 1,089

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 10% 13% 35% 3%
Return on equity (ROE) 19% 34% 114% 3%
Return on capital employed (ROCE) -345% -1722% 139% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 0.91 1.00 1.41 2.29
Quick ratio 0.79 0.99 1.40 2.27
Turnover ratios
Asset turnover 1.62 2.07 4.70 0.47
Fixed asset turnover 5.69 6.92 15.17 0.53
Equity turnover 3.31 5.41 15.34 0.51
Profitability ratios
EBITDA margin -64% -68% 10% 13%
Operating profit margin -67% -71% 8% 7%
Net profit margin 6% 6% 7% 6%
Other ratios
Dividends to the State 6.96 1.40 12.90
Dividends paid / net profit 0.50 0.05 0.75
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 13% 28% 17% 3%
Return on equity (ROE) 34% 60% 41% 3%
Return on capital employed (ROCE) -1722% -297% 46% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.00 1.14 1.52 2.48
Quick ratio 0.99 1.14 1.52 2.47
Turnover ratios
Asset turnover 2.07 1.09 1.29 0.23
Fixed asset turnover 6.92 3.03 4.18 0.27
Equity turnover 5.41 2.36 3.15 0.25
Profitability ratios
EBITDA margin -68% -45% 12% 15%
Operating profit margin -71% -47% 9% 8%
Net profit margin 6% 18% 8% 7%
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 StateVĮ Turto bankas
  • Share belonging to the State100%
http://www.bandymai.lt
Return to the State

14 EUR thousand

ROE

3.3%

Number of employees

11

Financial data provided as at end-December 2019

Management

  • Paulius KalinaDirector General

Information as of: 2020/10/01