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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.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 1,482 1,267 1,500 1,414
Cost of goods sold 1,341 1,233 1,348 1,268
Gross profit (loss) 141 34 152 146
Gross profit margin 10% 3% 10% 10%
Operating expenses 105 139 118 122
Operating profit (loss) 36 -105 34 24
Operating profit margin 2% -8% 2% 2%
EBITDA 48 9 144 133
EBITDA margin 3% 1% 10% 9%
Net profit (loss) 35 -102 27 23
Net profit margin 2% -8% 2% 2%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 711 768 631 377
Cost of goods sold 703 750 593 297
Gross profit (loss) 8 18 38 80
Gross profit margin 1% 2% 6% 21%
Operating expenses 53 44 52 68
Operating profit (loss) -45 -26 -14 11
Operating profit margin -6% -3% -2% 3%
EBITDA -36 -20 41 66
EBITDA margin -5% -3% 6% 18%
Net profit (loss) -14 11
Net profit margin -5% -4% -2% 3%

* Left axis

** Right axis

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

Balance sheet

2016 2017 2018 2019
Non-current assets 1,264 1,152 1,043 934
Intangible assets 0
Tangible assets 1,264 1,152 1,042 934
Financial assets 0 0 0 0
Other non-current assets
Biological assets
Current assets 96 150 53 92
Inventories and prepaid expenses 24 101 26 46
Accounts receivable in one year 66 36 20 32
Other current assets
Cash and cash equivalents 5 13 7 14
Total assets 1,361 1,304 1,097 1,027
Equity 184 82 109 132
Minority share of capital
Grants and subsidies 1,118 1,020 921 822
Liabilities 59 202 66 71
Financial liabilities 59 17 12 8
Long-term liabilities 17 12 8 3
Short-term liabilities 42 190 59 68
Equity and liabilities 1,361 1,303 1,097 1,027
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 1,208 1,097 988 882
Intangible assets
Tangible assets 1,208 1,097 988 882
Financial assets 0 0 0
Other non-current assets
Biological assets
Current assets 78 160 35 59
Inventories and prepaid expenses 11 84 4 4
Accounts receivable in one year 60 36 26 39
Other current assets
Cash and cash equivalents 7 40 5 17
Total assets 1,286 1,257 1,024 942
Equity 150 55 95 143
Minority share of capital
Grants and subsidies 1,069 986 872 773
Liabilities 67 216 58 27
Financial liabilities 19 14 10 5
Long-term liabilities 17 12 8 3
Short-term liabilities 50 204 50 24
Equity and liabilities 1,286 1,257 1,024 942

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

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 3% -8% 2% 2%
Return on equity (ROE) 21% -77% 28% 19%
Return on capital employed (ROCE) 6% -18% 7% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.32 0.20 0.11 0.06
Current Ratio 2.30 0.79 0.91 1.36
Quick ratio 1.72 0.26 0.46 0.68
Turnover ratios
Asset turnover 1.07 0.95 1.25 1.33
Fixed asset turnover 1.13 1.05 1.37 1.43
Equity turnover 8.90 9.51 15.72 11.76
Profitability ratios
EBITDA margin 3% 1% 10% 9%
Operating profit margin 2% -8% 2% 2%
Net profit margin 2% -8% 2% 2%
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

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) -8% -8% -0% 5%
Return on equity (ROE) -77% -95% -4% 40%
Return on capital employed (ROCE) -18% -5% -3% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.20 3.93 0.10 0.04
Current Ratio 0.79 0.78 0.71 2.52
Quick ratio 0.26 0.37 0.63 2.36
Turnover ratios
Asset turnover 0.95 0.60 0.55 0.38
Fixed asset turnover 1.05 0.67 0.61 0.40
Equity turnover 9.51 7.49 8.42 3.17
Profitability ratios
EBITDA margin 1% -3% 6% 18%
Operating profit margin -8% -3% -2% 3%
Net profit margin -8% -4% -2% 3%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

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

5.3%

Letter of Expectations

About the company

  • Official nameUAB „Panevėžio veislininkystė“
  • Legal formPrivate limited liability company (UAB)
  • Company code168559278
  • SectorOther
  • Line of businessAnimal husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State97%
http://panevezioveislininkyste.lt/
ROE

18.9%

Number of employees

4

Financial data provided as at end-December 2019