• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The company was established on June 1st 2014  by merging the State Enterprise at Pravieniškės 1st Correctional Home, State Enterprise at Alytus 1st Correctional Home and SE at Marijampolė 1st Correction House.

Typical activities of the company – metal processing, sewing of clothes, production of cast iron castings, various furniture, racking, clothes and documents for metal cabinets, locksmith’s work tables, cupboard tools, metal fences, containers, office furniture, various sewing production, laundry washing, bread-cake product baking, wood products, electrical engineering and various services for legal and natural persons. The purpose of the company is to recruit convicts in order to preserve and develop their working skills.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 6,907 6,076 3,683 3,426
Cost of goods sold 5,876 5,518 3,590 3,444
Gross profit (loss) 1,031 558 93 -18
Gross profit margin 15% 9% 3% -1%
Operating expenses 920 1,055 625 810
Operating profit (loss) 111 -497 -532 -828
Operating profit margin 2% -8% -14% -24%
EBITDA 132 -243 -286 -597
EBITDA margin 2% -4% -8% -17%
Net profit (loss) 86 -509 -542 -833
Net profit margin 1% -8% -15% -24%
2019-06 2020-06 2021-06
Revenue 2,110 1,735 1,563
Cost of goods sold 2,067 1,775 1,587
Gross profit (loss) 43 -40 -24
Gross profit margin % 2% -2%
Operating expenses 344 416 412
Operating profit (loss) -301 -456 -435
Operating profit margin % -14% -28%
EBITDA -174 -327
EBITDA margin % -8% -21%
Net profit (loss) -308 -457 -435
Net profit margin % -15% -28%

Balance sheet

2017 2018 2019 2020
Non-current assets 3,405 3,634 3,404 3,176
Intangible assets 10 12 10 13
Tangible assets 3,396 3,622 3,394 3,163
Financial assets
Other non-current assets 0
Current assets 3,220 3,032 2,260 1,733
Inventories and prepaid expenses 1,878 1,646 1,354 1,194
Accounts receivable in one year 913 939 714 451
Other current assets
Cash and cash equivalents 428 447 193 87
Total assets 6,627 6,666 5,664 4,908
Equity 4,735 4,911 4,369 3,537
Grants and subsidies
Liabilities 1,891 1,756 1,295 1,372
Financial liabilities 283 297 12 181
Long-term liabilities 21 12 787
Short-term liabilities 1,871 1,743 1,295 585
Equity and liabilities 6,627 6,666 5,664 4,908
2020-06 2021-06
Non-current assets 3,311 3,043
Intangible assets 15 11
Tangible assets 3,296 3,033
Financial assets
Other non-current assets
Current assets 2,055 1,565
Inventories and prepaid expenses 1,286 1,038
Accounts receivable in one year 751 520
Other current assets
Cash and cash equivalents 18 6
Total assets 5,366 4,608
Equity 3,912 3,077
Grants and subsidies
Liabilities 1,454 1,531
Financial liabilities
Long-term liabilities 787
Short-term liabilities
Equity and liabilities 5,366 4,608

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) -8% -9% -15%
Return on equity (ROE) -10% -12% -21%
Return on capital employed (ROCE) -20% -24% -38%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.00 0.05
Current Ratio 1.74 1.75 2.96
Quick ratio 0.80 0.70 0.92
Turnover ratios
Asset turnover 0.91 0.60 0.65
Fixed asset turnover 1.73 1.05 1.04
Equity turnover 1.26 0.79 0.87
Profitability ratios
EBITDA margin -4% -8% -17%
Operating profit margin -8% -14% -24%
Net profit margin -8% -15% -24%
Other ratios
Dividends to the State
Dividends paid / net profit
2020-06 2021-06
Capital return ratios
Return on assets (ROA) % -16%
Return on equity (ROE) % -23%
Return on capital employed (ROCE) -10% -19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover 0.65 0.31
Fixed asset turnover 1.05 0.49
Equity turnover 0.89 0.45
Profitability ratios
EBITDA margin -8% -21%
Operating profit margin -14% -28%
Net profit margin -15% -28%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

5.3%

About the company

  • Official nameMūsų amatai, VĮ
  • Legal formState enterprise (VĮ)
  • Company code303316138
  • SectorOther
  • Line of businessProduction of clothing, electrical equipment, plastics, furniture, metalworks
  • Institution representing the StatePrison Department
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.musuamatai.com/
Return to the State

22 EUR thousand

ROE

-20.6%

Number of employees

83

Financial data provided as at end-December 2020

Management

  • L. e. p. Goda Andrijaitytė-RupeikėActing Director General

Information as of: 2021/10/01