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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

State Enterprise Centre of Registers manages the main information resources of the state – state registers and information systems – in accordance with the procedures and rules established by their managers – the different state institutions. Currently, the Centre of Registers maintains 11 registers of national importance and 13 information systems. The company employs over 1.5 thousand employees, of which about 600 work in the field of registration of objects and transactions, almost 400 in the field of customer service in 50 customer service units across Lithuania, and more than 200 employees in the field of IT and service development. The Centre of Registers is a partner of national master data, a progressive state, society and business.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Annual EBITDA profitability:
    • 2022 ≥ 13 percent.,
    • 2023 ≥ 18 percent.,
    • 2024 ≥ 21 percent.
  • Annual ratio of financial debt to equity:
    • 2022 ≤ 0,22 times,
    • 2023 ≤ 0,15 times,
    • 2024 ≤ 0,12 times.

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2023-2025

  • Availability of services electronically, percent:
    • 2023 – 97
    • 2024 – 98
    • 2025 – 99
  • Customer Satisfaction Index, eNPS, percentage:
    • 2023 ≥ 35
    • 2024 ≥ 38
    • 2025 ≥ 43
  • SOE Good Governance Index:
    • 2023-2025 – A+
  • Return on equity, ROE:
    • 2023 – 1,8
    • 2024 – 0,4
    • 2025 – 1,3
  • Use of green energy in total electricity consumption, %:
    • 2023-2025 – 90
  • FTE/staff savings achieved by process improvement initiatives pcs. or hours:
    • 2023-2025 – 40 FTE/72800h each year
  • Level of resistance to corruption, %:
    • 2023 – 0,9
    • 2024 – 0,92
    • 2025 – 0,93
  • Recovery time for highest level category 1 system incidents, hours:
    • 2023-2025 ≤ 6

          2022/23 GOOD CORPORATE GOVERNANCE INDEX

    


          2021/22 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

2019 2020 2021 2022
Revenue 42,723 48,288 65,191 64,655
Cost of goods sold 28,625 26,815 32,204 42,518
Gross profit (loss) 14,098 21,472 32,987 22,137
Gross profit margin 33% 44% 51% 34%
Operating expenses 7,794 8,450 10,136 12,554
Operating profit (loss) 6,304 13,023 22,851 9,583
Operating profit margin 15% 27% 35% 15%
EBITDA 9,340 15,619 25,109 12,270
EBITDA margin 22% 32% 39% 19%
Net profit (loss) 4,522 10,984 19,464 8,142
Net profit margin 11% 23% 30% 13%
2020-06 2021-06 2022-06 2023-06
Revenue 22,915 25,623 37,667 33,569
Cost of goods sold 13,097 15,727 19,111 23,031
Gross profit (loss) 9,818 9,896 18,557 10,538
Gross profit margin 43% 39% 49% 31%
Operating expenses 7,252 4,425 5,656 6,446
Operating profit (loss) 2,566 5,471 12,901 4,092
Operating profit margin 11% 21% 34% 12%
EBITDA 3,889 6,570 14,151 5,962
EBITDA margin 17% 26% 38% 18%
Net profit (loss) 2,192 4,682 10,972 3,433
Net profit margin 10% 18% 29% 10%

Balance sheet

2019 2020 2021 2022
Non-current assets 24,737 27,424 31,489 47,550
Intangible assets 4,372 7,295 9,788 14,455
Tangible assets 19,075 18,644 19,991 29,274
Financial assets
Other non-current assets 1,290 1,485 1,710 3,821
Current assets 15,858 27,856 34,921 24,178
Inventories and prepaid expenses 323 2,455 243 549
Accounts receivable in one year 2,658 3,181 15,210 15,056
Other current assets
Cash and cash equivalents 12,876 22,219 19,468 8,573
Total assets 41,351 55,837 67,383 73,491
Equity 27,343 37,160 44,437 39,670
Grants and subsidies 3,625 7,688 9,005 10,803
Liabilities 7,591 7,411 9,821 18,860
Financial liabilities 1,023 1,120 782 2,515
Long-term liabilities 454 565 427 1,868
Short-term liabilities 7,137 6,845 9,395 16,992
Equity and liabilities 41,351 55,837 67,383 73,491
2020-06 2021-06 2022-06 2023-06
Non-current assets 19,961 27,987 33,050 50,770
Intangible assets 2,185 7,893 10,603 14,613
Tangible assets 15,106 18,685 20,961 32,764
Financial assets 0 0 0
Other non-current assets 2,670 1,409 1,486 3,392
Current assets 15,405 20,276 33,798 20,867
Inventories and prepaid expenses 306 371 512 254
Accounts receivable in one year 5,577 7,040 25,776 14,770
Other current assets 0 0 0
Cash and cash equivalents 9,521 12,865 7,510 5,843
Total assets 36,178 49,378 68,699 73,762
Equity 20,610 29,652 43,730 38,949
Grants and subsidies 3,232 7,421 9,945 12,024
Liabilities 9,058 9,559 11,820 19,595
Financial liabilities 330 797 512 4,190
Long-term liabilities 391 469 239 2,985
Short-term liabilities 8,666 9,091 11,582 16,610
Equity and liabilities 36,178 49,378 68,699 73,762

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 13% 23% 32% 12%
Return on equity (ROE) 19% 34% 48% 19%
Return on capital employed (ROCE) 23% 35% 51% 23%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.01 0.03
Current Ratio 2.22 4.07 3.72 1.42
Quick ratio 2.18 3.71 3.69 1.39
Turnover ratios
Asset turnover 1.03 0.86 0.97 0.88
Fixed asset turnover 1.73 1.76 2.07 1.36
Equity turnover 1.56 1.30 1.47 1.63
Profitability ratios
EBITDA margin 22% 32% 39% 19%
Operating profit margin 15% 27% 35% 15%
Net profit margin 11% 23% 30% 13%
Other ratios
Dividends to the State 2,807.00 9,634.00 11,678.16 3,724.19
Dividends paid / net profit 0.62 0.88 0.60 0.46
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 17% 31% 44% 1%
Return on equity (ROE) 29% 54% 70% 1%
Return on capital employed (ROCE) 12% 18% 29% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.02 0.01 0.06
Current Ratio 1.78 2.23 2.92 1.26
Quick ratio 1.74 2.19 2.87 1.24
Turnover ratios
Asset turnover 0.63 0.52 0.55 0.46
Fixed asset turnover 1.15 0.92 1.14 0.66
Equity turnover 1.11 0.86 0.86 0.86
Profitability ratios
EBITDA margin 17% 26% 38% 18%
Operating profit margin 11% 21% 34% 12%
Net profit margin 10% 18% 29% 10%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

About the company

  • Official nameVĮ Registrų centras
  • Legal formState enterprise (VĮ)
  • Company code124110246
  • SectorOther
  • Line of businessManagement of information systems and registers of national importance
  • Institution representing the StateMinistry of the Economy and Innovation
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.registrucentras.lt/
Return to the State

3.7 EUR milion

ROE

19.9%

Number of employees

1,606

Financial data provided as at end-December 2022

Management

  • Adrijus JusasChief Executive Officer

Information as of: 2024/02/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Egidijus VaišvilasIndependent member; UAB Executive advisors; UAB Baltic Clipper; AB Baltic Underwriting Agency

MEMBERS OF THE BOARD OF DIRECTORS

  • Laurynas PacenkaIndependent member; MB Finit; UAB FSQUARE
  • Dangirutis JanušasIndependent member; UAB Verslo konsultacijų spektras; AB Giraitės ginkluotės gamykla; UAB Toksika; VĮ Žemės ūkio duomenų centras; UAB „Glass“
  • Redvita ČetkauskienėIndependent member; VĮ Regitra
  • Ieva BacytėVĮ Registrų centras
  • Nerijus ŠeputisIndependent member; AB Telia Lietuva
  • Inga SteponavičienėMinistry of the Economy and Innovation

Information as of: 2024/02/01