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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.

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 2022-2024

  • Availability of Category I systems,%:
    • 2022 > 99,5
    • 2023 > 99,6
    • 2024 > 99,65
  • Customer Satisfaction Index, eNPS, Score:
    • 2022 ≥ 32
    • 2023 ≥ 37
    • 2024 ≥ 42
  • SOE Good Governance Index:
    • 2022-2024, A+
  • Expenditure per 1 euro of income, EUR:
    • 2022 ≤ 0,93
    • 2023 ≤ 0,92
    • 2024 ≤ 0,90

         2020 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

2018 2019 2020 2021
Revenue 39,079 42,723 48,288 65,191
Cost of goods sold 26,533 28,625 26,815 32,204
Gross profit (loss) 12,547 14,098 21,472 32,987
Gross profit margin 32% 33% 44% 51%
Operating expenses 10,579 7,794 8,450 10,136
Operating profit (loss) 1,968 6,304 13,023 22,851
Operating profit margin 5% 15% 27% 35%
EBITDA 5,430 9,340 15,619 25,109
EBITDA margin 14% 22% 32% 39%
Net profit (loss) 1,922 4,522 10,984 19,464
Net profit margin 5% 11% 23% 30%
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

2018 2019 2020 2021
Non-current assets 21,561 24,737 27,424 31,489
Intangible assets 2,755 4,372 7,295 9,788
Tangible assets 17,276 19,075 18,644 19,991
Financial assets 48
Other non-current assets 1,483 1,290 1,485 1,710
Current assets 8,723 15,858 27,856 34,921
Inventories and prepaid expenses 373 323 2,455 243
Accounts receivable in one year 2,591 2,658 3,181 15,209
Other current assets
Cash and cash equivalents 5,759 12,876 22,219 19,468
Total assets 30,652 41,351 55,837 67,383
Equity 19,892 27,343 37,160 44,437
Grants and subsidies 1,442 3,625 7,688 9,005
Liabilities 9,284 10,338 10,990 13,942
Financial liabilities 889 1,023 1,120 782
Long-term liabilities 367 454 565 427
Short-term liabilities 5,554 7,137 6,845 9,395
Equity and liabilities 30,652 41,351 55,837 67,383
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 2021
Capital return ratios
Return on assets (ROA) 7% 13% 23% 32%
Return on equity (ROE) 11% 20% 35% 48%
Return on capital employed (ROCE) 18% 37% 53% 79%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.04 0.03 0.02
Current Ratio 1.57 2.22 4.07 3.72
Quick ratio 1.50 2.18 3.71 3.69
Turnover ratios
Asset turnover 1.29 1.19 0.99 1.06
Fixed asset turnover 1.71 1.85 1.85 2.21
Equity turnover 2.01 1.81 1.50 1.60
Profitability ratios
EBITDA margin 14% 22% 32% 39%
Operating profit margin 5% 15% 27% 35%
Net profit margin 5% 11% 23% 30%
Other ratios
Dividends to the State 1,461.67 2,807.00 9,634.02 11,678.15
Dividends paid / net profit 0.76 0.62 0.88 0.60
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 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

12.0 EUR milion

ROE

48.4%

Number of employees

1,525

Financial data provided as at end-December 2021

Management

  • Saulius UrbanavičiusDirector General

Information as of: 2022/09/01

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
  • Inga SteponavičienėMinistry of the Economy and Innovation

Information as of: 2022/09/01