• English
  • Lithuanian
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

2017 2018 2019 2020
Revenue 1,267 1,500 1,414 618
Cost of goods sold 1,233 1,348 1,268 476
Gross profit (loss) 34 152 146 142
Gross profit margin 3% 10% 10% 23%
Operating expenses 139 118 122 142
Operating profit (loss) -105 34 24
Operating profit margin -8% 2% 2% %
EBITDA 9 144 129 120
EBITDA margin 1% 10% 9% 19%
Net profit (loss) -102 27 23 14
Net profit margin -8% 2% 2% 2%
2018-06 2019-06 2020-06 2021-06
Revenue 768 631 377 117
Cost of goods sold 750 593 297 75
Gross profit (loss) 18 38 80 42
Gross profit margin % % 6% 36%
Operating expenses 44 52 68 55
Operating profit (loss) -26 -14 11 -13
Operating profit margin % % -2% -11%
EBITDA 41 -2
EBITDA margin % % 6% -2%
Net profit (loss) 16 -14 11 -7
Net profit margin % % -2% -6%

Balance sheet

2017 2018 2019 2020
Non-current assets 1,152 1,043 934 828
Intangible assets
Tangible assets 1,152 1,042 934 828
Financial assets 0 0 0 0
Other non-current assets
Current assets 150 53 92 114
Inventories and prepaid expenses 101 26 46 64
Accounts receivable in one year 36 20 32 46
Other current assets
Cash and cash equivalents 13 7 14 5
Total assets 1,304 1,097 1,026 943
Equity 82 109 132 146
Grants and subsidies 1,020 921 822 723
Liabilities 202 66 71 73
Financial liabilities 17 12
Long-term liabilities 12 8 3
Short-term liabilities 190 59 68 73
Equity and liabilities 1,303 1,097 1,026 943
2019-06 2020-06 2021-06
Non-current assets 988 882 774
Intangible assets
Tangible assets 988 882 774
Financial assets 0 0
Other non-current assets
Current assets 35 59 86
Inventories and prepaid expenses 4 4 5
Accounts receivable in one year 26 39 54
Other current assets
Cash and cash equivalents 5 17 28
Total assets 1,024 942 860
Equity 95 143 139
Grants and subsidies 872 773 674
Liabilities 58 27 47
Financial liabilities 8 3
Long-term liabilities 8 3
Short-term liabilities 2 2 1
Equity and liabilities 1,024 942 860

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) -8% 2% 2% 1%
Return on equity (ROE) -77% 28% 19% 10%
Return on capital employed (ROCE) -18% 7% 5% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.20 0.11
Current Ratio 0.79 0.91 1.36 1.57
Quick ratio 0.26 0.46 0.68 0.69
Turnover ratios
Asset turnover 0.95 1.25 1.33 0.63
Fixed asset turnover 1.05 1.37 1.43 0.70
Equity turnover 9.51 15.72 11.76 4.45
Profitability ratios
EBITDA margin 1% 10% 9% 19%
Operating profit margin -8% 2% 2% %
Net profit margin -8% 2% 2% 2%
Other ratios
Dividends to the State
Dividends paid / net profit
2018-06 2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) -8% % % -0%
Return on equity (ROE) -77% % % -3%
Return on capital employed (ROCE) -18% -11% 7% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.20 0.04 0.01
Current Ratio 0.79 16.09 25.83 85.92
Quick ratio 0.26 14.27 24.22 81.42
Turnover ratios
Asset turnover 0.95 1.23 0.38 0.13
Fixed asset turnover 1.05 1.28 0.40 0.14
Equity turnover 9.51 13.31 3.17 0.83
Profitability ratios
EBITDA margin 1% % 6% -2%
Operating profit margin -8% % -2% -11%
Net profit margin -8% % -2% -6%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

5.3%

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

10.3%

Number of employees

4

Financial data provided as at end-December 2020

Management

  • Nerijus GriciusDirector General

Information as of: 2021/10/01