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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 2023-2025

  • Adjusted ROE, %:
    • 2023 – 6,96
    • 2024 – 21,03
    • 2025 – 20,56
  • The average length of time from the date of the examinee’s registration for the practical driving test to the date of the examination, no longer than, in calendar days:
    • 2023 – 23
    • 2024 – 21
    • 2025 – 21
  • Percentage of customers who positively evaluate the company’s services:
    • 2023-2025 ≥ 91
  • Decrease in energy consumption (in buildings managed by the company’s trust) compared to the previous year, %:
    • 2023 – 3
    • 2024-2025 every year for 1,5
  • The level of the company’s resistance to corruption, in points:
    • 2023-2025 – 0,9
  • Employee Engagement:
    • 2023 – 50
    • 2024 – 53
    • 2025 – 56

        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 27,493 22,704 24,516 27,347
Cost of goods sold 18,084 14,919 15,527 17,209
Gross profit (loss) 9,409 7,784 8,989 10,138
Gross profit margin 34% 34% 37% 37%
Operating expenses 4,233 4,329 5,108 5,780
Operating profit (loss) 5,176 3,455 3,880 4,358
Operating profit margin 19% 15% 16% 16%
EBITDA 7,586 5,280 5,938 6,441
EBITDA margin 28% 23% 24% 24%
Net profit (loss) 4,451 2,922 3,375 3,729
Net profit margin 16% 13% 14% 14%
2019-06 2020-06 2021-06 2022-06
Revenue 13,451 10,537 11,423 13,362
Cost of goods sold 8,599 6,883 6,801 7,897
Gross profit (loss) 4,852 3,654 4,621 5,465
Gross profit margin % % % %
Operating expenses 1,962 2,061 2,311 2,574
Operating profit (loss) 2,890 1,594 2,310 2,890
Operating profit margin % % % %
EBITDA 4,058 2,418 3,319 3,923
EBITDA margin 30% 23% 29% 29%
Net profit (loss) 2,479 1,357 1,941 2,463
Net profit margin 18% 13% 17% 18%

Balance sheet

2019 2020 2021 2022
Non-current assets 10,954 14,983 14,593 14,156
Intangible assets 207 211 295 246
Tangible assets 10,575 14,729 14,133 13,695
Financial assets
Other non-current assets 172 43 165 216
Current assets 17,507 9,855 9,930 9,778
Inventories and prepaid expenses 902 971 1,039 1,032
Accounts receivable in one year 209 524 176 150
Other current assets 10,000 0
Cash and cash equivalents 6,396 8,361 8,715 8,596
Total assets 28,581 25,092 24,780 24,185
Equity 21,559 17,281 16,560 16,211
Grants and subsidies
Liabilities 6,784 7,624 7,968 7,722
Financial liabilities 0 4,953 4,513 4,330
Long-term liabilities 3,423 5,278 4,751 4,581
Short-term liabilities 3,362 2,346 3,218 3,142
Equity and liabilities 28,581 25,092 24,780 24,185
2020-06 2021-06 2022-06
Non-current assets 13,424 14,631 14,031
Intangible assets 211 287 247
Tangible assets 13,041 14,301 13,618
Financial assets
Other non-current assets 172 43 165
Current assets 10,068 10,030 10,379
Inventories and prepaid expenses 1,161 853 1,329
Accounts receivable in one year 338 558 81
Other current assets
Cash and cash equivalents 8,569 8,619 8,969
Total assets 23,758 25,051 24,757
Equity 15,716 15,142 15,020
Grants and subsidies
Liabilities 8,042 9,905 9,737
Financial liabilities 4,903 4,078
Long-term liabilities 4,426 5,561 4,789
Short-term liabilities 3,512 4,180 4,745
Equity and liabilities 23,758 25,051 24,757

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 17% 11% 14% 15%
Return on equity (ROE) 21% 15% 20% 23%
Return on capital employed (ROCE) 21% 15% 18% 21%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.20 0.18 0.18
Current Ratio 5.21 4.20 3.09 3.11
Quick ratio 4.94 3.79 2.76 2.78
Turnover ratios
Asset turnover 0.96 0.90 0.99 1.13
Fixed asset turnover 2.51 1.52 1.68 1.93
Equity turnover 1.28 1.31 1.48 1.69
Profitability ratios
EBITDA margin 28% 23% 24% 24%
Operating profit margin 19% 15% 16% 16%
Net profit margin 16% 13% 14% 14%
Other ratios
Dividends to the State 7,200.00 4,079.89 4,003.16 4,422.50
Dividends paid / net profit 1.62 1.40 1.19 1.19
2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 18% % 15% 16%
Return on equity (ROE) 22% % 22% 27%
Return on capital employed (ROCE) 42% 16% 23% 30%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.32 0.27 0.27
Current Ratio 5.21 2.87 2.40 2.19
Quick ratio 4.94 2.54 2.20 1.91
Turnover ratios
Asset turnover 1.07 0.89 0.47 0.54
Fixed asset turnover 3.07 1.57 0.81 0.93
Equity turnover 1.32 1.34 0.74 0.89
Profitability ratios
EBITDA margin 28% 23% 29% 29%
Operating profit margin 19% % % %
Net profit margin 16% 13% 17% 18%
Other ratios
Dividends to the State 7,200.00
Dividends paid / net profit 1.62

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

4.4 EUR milion

ROE

23.6%

Number of employees

555

Financial data provided as at end-December 2022

Management

  • Vaidas DominauskasChief Executive Officer

Information as of: 2023/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Orijana MašalėIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Giedrė BlazgienėAB Mano bankas; Independent member
  • Indrė GasperėMinistry of Internal Affairs
  • Povilas RuškusVĮ Regitra
  • Tomas Tumėnas„Linas Agro Group“; „Darius Zuba Holding“; „Baltic Fund Investments“; Independent member

Information as of: 2023/09/01