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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB Panevėžio veislininkystė was registered in 1992. It is a long-established company engaged in animal breeding, animal productivity control and animal insemination.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual return on equity ROE:
    • 2022–2024 ≥ 9 percent.
  • Annual ratio of total liabilities to equity:
    • 2022–2024 ≤ 0,2 times
  • Average dividends for the calendar year were awarded:
    • 2022–2024 ≥ 70 percent distributable profit

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • Net profitability,%:
    • 2022 – 2
    • 2023 – 3
    • 2024 – 4
  • Number of new services, units::
    • 2022 – 1
    • 2023 – 2
    • 2024 – 3
  • Sales revenue, thousand EUR:
    • 2022 – 840
    • 2023 – 927
    • 2024 – 994
  • Good governance index:
    • 2022-2024 – A

          2021/22 GOOD CORPORATE GOVERNANCE INDEX       

          2020/21 GOOD CORPORATE GOVERNANCE INDEX       

Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,500 1,414 618 164
Cost of goods sold 1,348 1,268 476 101
Gross profit (loss) 152 146 142 64
Gross profit margin 10% 10% 23% 39%
Operating expenses 118 122 142 207
Operating profit (loss) 34 24 -143
Operating profit margin 2% 2% % -87%
EBITDA 144 129 26 -127
EBITDA margin 10% 9% 4% -78%
Net profit (loss) 27 23 14 -139
Net profit margin 2% 2% 2% -84%
2019-06 2020-06 2021-06 2022-06
Revenue 631 377 117 6
Cost of goods sold 593 297 75 1
Gross profit (loss) 38 80 42 5
Gross profit margin % % % %
Operating expenses 52 68 55 88
Operating profit (loss) -14 11 -13 -83
Operating profit margin % % % %
EBITDA 41 17 -2 -48
EBITDA margin 6% 4% -2% -802%
Net profit (loss) -14 11 -7 -52
Net profit margin -2% 3% -6% -860%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 1,043 934 828 747
Intangible assets
Tangible assets 1,042 934 828 746
Financial assets 0 0 0 0
Other non-current assets
Current assets 53 92 114 125
Inventories and prepaid expenses 26 46 64 59
Accounts receivable in one year 20 32 46 45
Other current assets
Cash and cash equivalents 7 14 5 21
Total assets 1,097 1,026 943 872
Equity 109 132 146 7
Grants and subsidies 921 822 723 625
Liabilities 66 71 73 213
Financial liabilities 12 3
Long-term liabilities 8 3
Short-term liabilities 59 68 73 213
Equity and liabilities 1,097 1,026 943 872
2020-06 2021-06 2022-06
Non-current assets 882 774 639
Intangible assets
Tangible assets 882 774 639
Financial assets 0 0
Other non-current assets
Current assets 59 86 72
Inventories and prepaid expenses 4 5 1
Accounts receivable in one year 39 54 47
Other current assets
Cash and cash equivalents 17 28 24
Total assets 942 860 712
Equity 143 139 -44
Grants and subsidies 773 674 576
Liabilities 27 47 181
Financial liabilities 5 1
Long-term liabilities 3
Short-term liabilities 24 47 181
Equity and liabilities 942 860 712

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 2% 1% -15%
Return on equity (ROE) 28% 19% 10% -181%
Return on capital employed (ROCE) 7% 5% 4% -42%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.11 0.02
Current Ratio 0.91 1.36 1.57 0.59
Quick ratio 0.46 0.68 0.69 0.31
Turnover ratios
Asset turnover 1.25 1.33 0.63 0.18
Fixed asset turnover 1.37 1.43 0.70 0.21
Equity turnover 15.72 11.76 4.45 2.14
Profitability ratios
EBITDA margin 10% 9% 4% -78%
Operating profit margin 2% 2% % -87%
Net profit margin 2% 2% 2% -84%
Other ratios
Dividends to the State
Dividends paid / net profit

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 2% % -0% -23%
Return on equity (ROE) 19% % -5% -387%
Return on capital employed (ROCE) 5% 2% -2% -19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01
Current Ratio 1.36 2.52 1.83 0.40
Quick ratio 0.68 2.36 1.73 0.39
Turnover ratios
Asset turnover 1.33 0.80 0.13 0.01
Fixed asset turnover 1.43 0.85 0.14 0.01
Equity turnover 11.76 5.27 0.83 0.13
Profitability ratios
EBITDA margin 9% 4% -2% -802%
Operating profit margin 2% % % %
Net profit margin 2% 3% -6% -860%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
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
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos
2011 m. metinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

About the company

  • Official nameUAB „Panevėžio veislininkystė“
  • Legal formPrivate limited liability company (UAB)
  • Company code168559278
  • SectorOther
  • Line of businessActivity of services specific to animal husbandry, organization of breeding animal auctions, exhibitions and fairs, provision of cattle quarantine services to Lithuanian and foreign livestock breeders. As of today, the Company is not operating.
  • Institution representing the StateProperty bank
  • Share belonging to the State97%
http://panevezioveislininkyste.lt/
ROE

-180.7%

Number of employees

3

Financial data provided as at end-December 2021