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Valdymo koordinavimo centras

State Owned Enterprises

The state-owned company “Baltija” was founded in 1991 January. Recreational home activities – accommodation services, rehabilitation treatment, support and outpatient rehabilitation, commercial treatment services, catering and organization of conferences and meetings.

Financial results

P/L Statment

2016 2017 2018
Revenue 708 599 200
Cost of goods sold 688 549 37
Gross profit (loss) 20 50 163
Gross profit margin 3% 8% 82%
Operating expenses 696 400 379
Operating profit (loss) -676 -351 -215
Operating profit margin -96% -59% -108%
EBITDA 501 -190 -74
EBITDA margin 71% -32% -37%
Net profit (loss) -685 -393 -264
Net profit margin -97% -66% -132%
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin

Balance sheet

2016 2017 2018
Non-current assets 5,258 5,097 4,956
Intangible assets 6 2
Tangible assets 5,252 5,095 4,956
Financial assets
Other non-current assets
Biological assets
Current assets 37 11 45
Inventories and prepaid expenses 3 0 0
Accounts receivable in one year 27 2 4
Other current assets
Cash and cash equivalents 6 9 41
Total assets 5,295 5,108 5,002
Equity 3,991 3,598 3,333
Minority share of capital
Grants and subsidies
Liabilities 1,304 1,511 1,668
Financial liabilities 747 1,136 1,283
Long-term liabilities 744 1,136 1,283
Short-term liabilities 217 40 63
Equity and liabilities 5,295 5,108 5,002
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Biological assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Minority share of capital
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2016 2017 2018
Capital return ratios
Return on assets (ROA) -13% -8% -5%
Return on equity (ROE) -16% -10% -8%
Return on capital employed (ROCE) -27% -14% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.19 0.32 0.39
Current Ratio 0.17 0.28 0.72
Quick ratio 0.15 0.27 0.71
Turnover ratios
Asset turnover 0.13 0.12 0.04
Fixed asset turnover 0.13 0.12 0.04
Equity turnover 0.16 0.16 0.06
Profitability ratios
EBITDA margin 71% -32% -37%
Operating profit margin -96% -59% -108%
Net profit margin -97% -66% -132%
Other ratios
Dividends to the State
Dividends paid / net profit
2017-06-30
Capital return ratios
Return on assets (ROA) -8%
Return on equity (ROE) -10%
Return on capital employed (ROCE) -14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.32
Current Ratio 0.28
Quick ratio 0.27
Turnover ratios
Asset turnover 0.12
Fixed asset turnover 0.12
Equity turnover 0.16
Profitability ratios
EBITDA margin -32%
Operating profit margin -59%
Net profit margin -66%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

7.2%

About the company

  • Official nameUAB poilsio namai „Baltija“
  • Legal formPrivate limited liability company (UAB)
  • Company code152409533
  • SectorOther
  • Line of businessAccommodation services, recreational medical facility
  • Institution representing the StateVĮ Turto bankas
http://www.baltijahotel.lt/

Financial data provided as at end-December 2019

Management

  • Sigutė Dindaitė-KairienėDirector General

Information as of: 2020/10/01