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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

VĮ Registrų centras 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 VĮ Registrų centras maintains 11 registers of national importance and 16 information systems. The company employs about 1,500 people, 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.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 39,122 39,079 42,723 48,288
Cost of goods sold 27,504 26,533 28,625 26,142
Gross profit (loss) 11,618 12,547 14,098 22,146
Gross profit margin 30% 32% 33% 46%
Operating expenses 10,734 10,579 7,794 9,123
Operating profit (loss) 884 1,968 6,304 13,023
Operating profit margin 2% 5% 15% 27%
EBITDA 4,017 5,430 9,340 15,619
EBITDA margin 10% 14% 22% 32%
Net profit (loss) 766 1,922 4,522 10,984
Net profit margin 2% 5% 11% 23%
2018-06 2019-06 2020-06 2021-06
Revenue 19,698 18,422 18,539 25,623
Cost of goods sold 13,178 12,972 13,337 15,727
Gross profit (loss) 6,520 5,450 5,202 9,896
Gross profit margin % % 30% 39%
Operating expenses 3,778 4,190 2,636 4,425
Operating profit (loss) 2,742 1,260 2,566 5,472
Operating profit margin % % 7% 21%
EBITDA 2,536 6,571
EBITDA margin % % 14% 26%
Net profit (loss) 2,343 794 2,192 4,674
Net profit margin % % 4% 18%

* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 24,110 21,561 24,737 27,424
Intangible assets 2,915 2,755 4,372 7,295
Tangible assets 19,978 17,276 19,075 18,644
Financial assets 95 48
Other non-current assets 1,122 1,483 1,290 1,485
Current assets 5,528 8,723 15,858 27,856
Inventories and prepaid expenses 584 373 323 2,455
Accounts receivable in one year 2,365 2,591 2,658 3,181
Other current assets
Cash and cash equivalents 2,580 5,759 12,876 22,219
Total assets 29,989 30,652 41,351 55,837
Equity 19,084 19,892 27,343 37,160
Grants and subsidies 1,123 1,442 3,625 7,688
Liabilities 9,708 9,284 10,338 10,968
Financial liabilities 1,456 889 1,023 1,120
Long-term liabilities 941 367 454 565
Short-term liabilities 5,791 5,554 7,137 6,824
Equity and liabilities 29,989 30,652 41,351 55,837
2019-06 2020-06 2021-06
Non-current assets 21,588 19,961 27,987
Intangible assets 2,218 2,185 7,893
Tangible assets 17,992 15,106 18,685
Financial assets 48
Other non-current assets 1,330 2,670 1,409
Current assets 10,996 15,405 20,276
Inventories and prepaid expenses 319 306 371
Accounts receivable in one year 3,186 5,577 7,040
Other current assets
Cash and cash equivalents 7,491 9,521 12,865
Total assets 33,431 36,178 49,378
Equity 19,118 20,610 29,652
Grants and subsidies 2,789 3,232 7,421
Liabilities 11,505 12,324 12,296
Financial liabilities 319 469
Long-term liabilities 1,633 391 469
Short-term liabilities 307 330 329
Equity and liabilities 33,431 36,178 49,378

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

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 7% 13% 23%
Return on equity (ROE) 11% 20% 35%
Return on capital employed (ROCE) 18% 37% 53%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.04 0.03
Current Ratio 1.57 2.22 4.08
Quick ratio 1.50 2.18 3.72
Turnover ratios
Asset turnover 1.29 1.19 0.99
Fixed asset turnover 1.71 1.85 1.85
Equity turnover 2.01 1.81 1.50
Profitability ratios
EBITDA margin 14% 22% 32%
Operating profit margin 5% 15% 27%
Net profit margin 5% 11% 23%
Other ratios
Dividends to the State 1,461.67 2,807.00 9,634.00
Dividends paid / net profit 0.76 0.62 0.88

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 32%
Return on equity (ROE) % % 55%
Return on capital employed (ROCE) -8% 7% 22%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.03
Current Ratio 35.86 46.67 61.70
Quick ratio 34.82 45.74 60.58
Turnover ratios
Asset turnover 1.10 0.53 0.60
Fixed asset turnover 1.71 0.89 1.07
Equity turnover 1.93 0.93 1.02
Profitability ratios
EBITDA margin % 14% 26%
Operating profit margin % 7% 21%
Net profit margin % 4% 18%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
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. 3 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 3 mėn. tarpinės ataskaitos 2012 m. 6 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos
2011 m. metinės ataskaitos 2011 m. 9 mėn. tarpinės ataskaitos 2011 m. 6 mėn. tarpinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

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

9.9 EUR milion

ROE

34.8%

Number of employees

1,506

Financial data provided as at end-December 2020

Management

  • Saulius UrbanavičiusDirector General

Information as of: 2022/05/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Egidijus VaišvilaClosed joint stock company Executive advisors, Closed joint stock company Baltic Clipper, Joint-stock company Baltic Underwriting Agency; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Laurynas PacenkaClosed joint stock company "Finit", Closed joint stock company "FSQUARE", Independent member
  • Dangirutis JanušasClosed joint stock company "Verslo konsultacijų spektras", Closed joint stock company „Glass“, Independent member
  • Redvita ČetkauskienėClosed joint stock company „Vilniaus vandenys“; Independent member
  • Ieva BacytėState enterprise Registrų centras
  • Nerijus ŠeputisJoint-stock company "Telia Lietuva"; Independent member

Information as of: 2022/05/01