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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Registrų centras was established in 1997. The company processes the cadastre and register, the register of addresses, the register of legal entities. The company also creates, deploys and develops information systems related to these and other registers, manages the archives of registers.

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%

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

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
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

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 businessReal estate and enterprise registry
  • 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: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Egidijus VaišvilasUAB Executive advisors, UAB Baltic Clipper, Baltic Underwriting Agency; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Ingrida MiknevičienėVĮ Registrų centras
  • Ina BielskėAB Telia Lietuva; Independent member
  • Andrius ByčkovasCognizant Technology Solutions, UAB; Independent member
  • Arūnas StašionisVilnius university
  • Arūnas CijūnaitisMinistry of the Economy and Innovation

Information as of: 2021/10/01