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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

          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

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%
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%

* Left axis

** Right axis

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

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
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

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

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

* Left axis

** Right axis

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

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

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
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

12.0 EUR milion

ROE

48.4%

Number of employees

1,525

Financial data provided as at end-December 2021

Management

  • Saulius UrbanavičiusChief Executive Officer

Information as of: 2023/05/01

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: 2023/05/01