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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The State Enterprise Regitra was established in 2000. Its main activities are the processing of data in the registers of road vehicles and drivers of road vehicles of the Republic of Lithuania, the registration of motor vehicles and their trailers, the examination of vehicle drivers, and the issuance of driving licences. From 2020, the company administers the vehicle registration tax and, from 2021, the information system for the registration of vehicle owners. In addition, Regitra ensures the exchange of data relating to motor vehicles with other EU countries.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual net profit:
    • 2022–2024 ≥ 2,7 ml. Eur
  • Annual ratio of financial debt to equity:
    • 2022–2024 ≤ 0,04 times

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • EBITDA, ml. EUR::
    • 2022 – 4,66
    • 2023 – 5,05
    • 2024 – 5,71
  • Share of services provided through digital channels,%:
    • 2022 – 10
    • 2023 – 15
    • 2024 – 20
  • Percentage of customers who positively evaluate the company’s services:
    • 2022-2024 ≥ 91
  • Voluntary turnover of employees,%:
    • 2022-2024 ≤ 10

        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 26,326 27,493 22,704 24,516
Cost of goods sold 17,989 18,084 14,919 15,527
Gross profit (loss) 8,338 9,409 7,784 8,989
Gross profit margin 32% 34% 34% 37%
Operating expenses 3,893 4,233 4,329 5,108
Operating profit (loss) 4,445 5,176 3,455 3,880
Operating profit margin 17% 19% 15% 16%
EBITDA 5,967 7,586 5,280 5,938
EBITDA margin 23% 28% 23% 24%
Net profit (loss) 3,912 4,451 2,922 3,375
Net profit margin 15% 16% 13% 14%
2018-06 2019-06 2020-06 2021-06
Revenue 13,375 13,451 10,537 11,423
Cost of goods sold 9,086 8,599 6,883 6,801
Gross profit (loss) 4,289 4,852 3,654 4,621
Gross profit margin % % 36% 40%
Operating expenses 1,970 1,962 2,061 2,311
Operating profit (loss) 2,319 2,890 1,594 2,310
Operating profit margin % % 21% 20%
EBITDA 4,058 3,319
EBITDA margin % % 30% 29%
Net profit (loss) 2,053 2,479 1,357 1,941
Net profit margin % % 18% 17%

Balance sheet

2018 2019 2020 2021
Non-current assets 6,934 10,954 14,983 14,593
Intangible assets 126 207 211 295
Tangible assets 6,792 10,575 14,729 14,133
Financial assets
Other non-current assets 15 172 43 165
Current assets 15,541 17,507 9,855 9,930
Inventories and prepaid expenses 1,210 902 971 1,039
Accounts receivable in one year 29 209 524 176
Other current assets 7,000 10,000
Cash and cash equivalents 7,302 6,396 8,361 8,715
Total assets 22,614 28,581 25,092 24,780
Equity 20,180 21,559 17,281 16,560
Grants and subsidies
Liabilities 2,412 7,013 7,787 8,171
Financial liabilities 4,953 4,513
Long-term liabilities 1,155 3,423 5,278 4,751
Short-term liabilities 1,152 3,362 2,346 3,218
Equity and liabilities 22,614 28,581 25,092 24,780
2019-06 2020-06 2021-06
Non-current assets 9,292 13,424 14,631
Intangible assets 130 211 287
Tangible assets 9,147 13,041 14,301
Financial assets
Other non-current assets 15 172 43
Current assets 16,007 10,068 10,030
Inventories and prepaid expenses 1,091 1,161 853
Accounts receivable in one year 598 338 558
Other current assets 8,000
Cash and cash equivalents 6,318 8,569 8,619
Total assets 25,428 23,758 25,051
Equity 20,742 15,716 15,142
Grants and subsidies
Liabilities 4,685 8,042 9,905
Financial liabilities 4,406
Long-term liabilities 1,821 4,426 5,561
Short-term liabilities 497
Equity and liabilities 25,428 23,758 25,051

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 18% 18% 11% 14%
Return on equity (ROE) 19% 22% 16% 21%
Return on capital employed (ROCE) 42% 42% 32% 38%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.29 0.27
Current Ratio 13.49 5.21 4.20 3.09
Quick ratio 12.44 4.94 3.79 2.76
Turnover ratios
Asset turnover 1.16 1.07 0.85 0.98
Fixed asset turnover 3.65 3.07 1.75 1.66
Equity turnover 1.25 1.32 1.17 1.45
Profitability ratios
EBITDA margin 23% 28% 23% 24%
Operating profit margin 17% 19% 15% 16%
Net profit margin 15% 16% 13% 14%
Other ratios
Dividends to the State 3,071.40 7,200.00 4,079.89 4,003.16
Dividends paid / net profit 0.79 1.62 1.40 1.19
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 15%
Return on equity (ROE) % % 24%
Return on capital employed (ROCE) -9% 28% 19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.32
Current Ratio 20.20
Quick ratio 18.48
Turnover ratios
Asset turnover 1.06 0.43 0.47
Fixed asset turnover 2.90 0.93 0.81
Equity turnover 1.30 0.58 0.74
Profitability ratios
EBITDA margin % 30% 29%
Operating profit margin % 21% 20%
Net profit margin % 18% 17%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ „Regitra“
  • Legal formState enterprise (VĮ)
  • Company code110078991
  • SectorOther
  • Line of businessRegistry of means of transportation
  • Institution representing the StateMinistry of Internal Affairs
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.regitra.lt/
Return to the State

4.2 EUR milion

ROE

20.7%

Number of employees

542

Financial data provided as at end-December 2021

Management

  • Vaidas DominauskasDirector General

Information as of: 2022/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Orijana MašalėIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Giedrė BlazgienėIndependent member
  • Indrė GasperėMinistry of Internal Affairs
  • Povilas RuškusVĮ Regitra
  • Tomas TumėnasIndependent member

Information as of: 2022/09/01