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Valdymo koordinavimo centras

State Owned Enterprises

VĮ Problematika was founded in 1991 and re-registered in April 2011 as a public limited company. The company’s activities are laboratory testing and analysis of road construction materials, technical quality control and maintenance of roads and their structures, certification of road construction materials and control of requirements of these materials and others.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 5,359 6,938 5,138 5,472
Cost of goods sold 3,346 4,227 3,394 2,495
Gross profit (loss) 2,013 2,710 1,744 2,977
Gross profit margin 38% 39% 34% 54%
Operating expenses 876 903 1,039 1,566
Operating profit (loss) 1,138 1,807 705 1,411
Operating profit margin 21% 26% 14% 26%
EBITDA 1,473 2,141 1,071 1,945
EBITDA margin 27% 31% 21% 36%
Net profit (loss) 984 1,569 618 1,180
Net profit margin 18% 23% 12% 22%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 2,288 1,943 1,846 1,691
Cost of goods sold 1,520 1,427 1,033 947
Gross profit (loss) 768 516 813 744
Gross profit margin 34% 27% 44% 44%
Operating expenses 587 411 735 685
Operating profit (loss) 181 105 78 60
Operating profit margin 8% 5% 4% 4%
EBITDA 349 264 391 373
EBITDA margin 15% 14% 21% 22%
Net profit (loss) 38 21 95 135
Net profit margin 6% 5% 5% 8%

Balance sheet

2016 2017 2018 2019
Non-current assets 3,198 5,880 6,583 6,061
Intangible assets 9 24 19 14
Tangible assets 3,040 5,703 6,414 5,906
Financial assets
Other non-current assets 149 154 150 142
Biological assets
Current assets 4,895 3,619 799 1,823
Inventories and prepaid expenses 244 159 85 60
Accounts receivable in one year 678 772 713 371
Other current assets 203
Cash and cash equivalents 3,769 2,687 1 1,393
Total assets 8,166 9,567 7,413 7,919
Equity 7,685 8,395 6,269 6,112
Minority share of capital
Grants and subsidies
Liabilities 479 1,171 1,144 1,807
Financial liabilities 307 1,205
Long-term liabilities 78 42
Short-term liabilities 479 1,171 1,065 1,765
Equity and liabilities 8,166 9,567 7,413 7,919
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 3,984 6,560 6,315 5,879
Intangible assets 15 25 19 8
Tangible assets 3,821 6,382 6,146 5,729
Financial assets
Other non-current assets 149 154 150 142
Biological assets
Current assets 4,060 2,028 856 896
Inventories and prepaid expenses 412 158 80 65
Accounts receivable in one year 1,436 1,151 773 818
Other current assets
Cash and cash equivalents 2,211 719 3 12
Total assets 8,044 8,588 7,201 6,825
Equity 7,008 7,275 5,027 5,142
Minority share of capital
Grants and subsidies
Liabilities 1,036 1,313 2,175 1,683
Financial liabilities 96 60
Long-term liabilities 78 42
Short-term liabilities 1,036 1,313 2,096 1,641
Equity and liabilities 8,044 8,588 7,201 6,825

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 13% 18% 7% 15%
Return on equity (ROE) 13% 20% 8% 19%
Return on capital employed (ROCE) 30% 43% 22% 46%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.20
Current Ratio 10.22 3.09 0.75 1.03
Quick ratio 9.70 2.95 0.67 1.00
Turnover ratios
Asset turnover 0.69 0.78 0.61 0.71
Fixed asset turnover 1.49 1.53 0.82 0.87
Equity turnover 0.72 0.86 0.70 0.88
Profitability ratios
EBITDA margin 27% 31% 21% 36%
Operating profit margin 21% 26% 14% 26%
Net profit margin 18% 23% 12% 22%
Other ratios
Dividends to the State 859.11 1,244.20 1,336.50 1,105.99
Dividends paid / net profit 0.87 0.79 2.16 0.94
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 18% 18% 7% 17%
Return on equity (ROE) 20% 21% 10% 24%
Return on capital employed (ROCE) 43% 3% 4% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.22
Current Ratio 3.09 1.54 0.41 0.55
Quick ratio 2.95 1.42 0.37 0.51
Turnover ratios
Asset turnover 0.78 0.23 0.23 0.24
Fixed asset turnover 1.53 0.37 0.29 0.28
Equity turnover 0.86 0.27 0.30 0.33
Profitability ratios
EBITDA margin 31% 14% 21% 22%
Operating profit margin 26% 5% 4% 4%
Net profit margin 23% 5% 5% 8%
Other ratios
Dividends to the State 1,244.20
Dividends paid / net profit 0.79

Expectations of the state

Target return on equity

8.7%

About the company

  • Official nameAB „Problematika“
  • Legal formPublic limited liability company (AB)
  • Company code120721845
  • SectorOther
  • Line of businessConstruction analytics
  • Institution representing the StateMinistry of Transport and Communications
  • Share belonging to the State100%
http://www.problematika.lt/
Return to the State

1.1 EUR milion

ROE

19.1%

Number of employees

92

Financial data provided as at end-December 2019

Management

  • Artūras PalekasDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Arvydas DarulisIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Rolandas OginskasIndependent member
  • Janina LaskauskienėMinistry of Transport and Communications

Information as of: 2020/10/01