Registrų centras

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
2021/22 GOOD CORPORATE GOVERNANCE INDEX
2020/21 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% |
2019-06 | 2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|---|
Revenue | 18,422 | 18,539 | 25,623 | 37,667 |
Cost of goods sold | 12,972 | 13,337 | 15,727 | 19,111 |
Gross profit (loss) | 5,450 | 5,202 | 9,896 | 18,557 |
Gross profit margin | % | % | % | % |
Operating expenses | 4,190 | 2,636 | 4,425 | 5,656 |
Operating profit (loss) | 1,260 | 2,566 | 5,471 | 12,901 |
Operating profit margin | % | % | % | % |
EBITDA | 2,536 | 3,889 | 6,570 | 14,151 |
EBITDA margin | 14% | 21% | 26% | 38% |
Net profit (loss) | 794 | 2,192 | 4,682 | 10,972 |
Net profit margin | 4% | 12% | 18% | 29% |
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 | |
---|---|---|---|
Non-current assets | 19,961 | 27,987 | 33,050 |
Intangible assets | 2,185 | 7,893 | 10,603 |
Tangible assets | 15,106 | 18,685 | 20,961 |
Financial assets | |||
Other non-current assets | 2,670 | 1,409 | 1,486 |
Current assets | 15,405 | 20,276 | 33,798 |
Inventories and prepaid expenses | 306 | 371 | 512 |
Accounts receivable in one year | 5,577 | 7,040 | 25,776 |
Other current assets | |||
Cash and cash equivalents | 9,521 | 12,865 | 7,510 |
Total assets | 36,178 | 49,378 | 68,699 |
Equity | 20,610 | 29,652 | 43,730 |
Grants and subsidies | 3,232 | 7,421 | 9,945 |
Liabilities | 12,324 | 12,296 | 15,024 |
Financial liabilities | 330 | 797 | 512 |
Long-term liabilities | 391 | 469 | 239 |
Short-term liabilities | 8,666 | 9,091 | 11,582 |
Equity and liabilities | 36,178 | 49,378 | 68,699 |
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 |
2019-06 | 2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 13% | % | 23% | 44% |
Return on equity (ROE) | 20% | % | 34% | 70% |
Return on capital employed (ROCE) | 37% | 19% | 27% | 45% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.04 | 0.03 | 0.02 | 0.01 |
Current Ratio | 2.22 | 1.78 | 2.23 | 2.92 |
Quick ratio | 2.18 | 1.74 | 2.19 | 2.87 |
Turnover ratios | ||||
Asset turnover | 1.19 | 1.02 | 0.60 | 0.64 |
Fixed asset turnover | 1.85 | 1.86 | 1.07 | 1.23 |
Equity turnover | 1.81 | 1.80 | 1.02 | 1.03 |
Profitability ratios | ||||
EBITDA margin | 22% | 21% | 26% | 38% |
Operating profit margin | 15% | % | % | % |
Net profit margin | 11% | 12% | 18% | 29% |
Other ratios | ||||
Dividends to the State | 2,807.00 | |||
Dividends paid / net profit | 0.62 |
Financial statments
Expectations of the state
Target return on equity undefined
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%
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: 2023/09/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Egidijus VaišvilasClosed 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 JanušasUAB Verslo konsultacijų spektras; Independent member
- Redvita ČetkauskienėVĮ Žemės ūkio duomenų centras; Independent member
- Ieva BacytėState enterprise Registrų centras
- Nerijus ŠeputisJoint-stock company "Telia Lietuva"; Independent member
- Inga SteponavičienėMinistry of the Economy and Innovation
Information as of: 2023/09/01