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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

        2022/23 GOOD CORPORATE GOVERNANCE INDEX

        


        2021/22 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%
2020-06 2021-06 2022-06 2023-06
Revenue 10,537 11,423 13,362 14,704
Cost of goods sold 6,883 6,801 7,897 8,368
Gross profit (loss) 3,654 4,621 5,464 6,335
Gross profit margin 35% 40% 41% 43%
Operating expenses 2,061 2,311 2,574 3,029
Operating profit (loss) 1,594 2,310 2,890 3,306
Operating profit margin 15% 20% 22% 22%
EBITDA 2,418 3,319 3,923 4,300
EBITDA margin 23% 29% 29% 29%
Net profit (loss) 1,357 1,941 2,463 2,805
Net profit margin 13% 17% 18% 19%

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 2023-06
Non-current assets 13,424 14,631 14,031 13,650
Intangible assets 211 287 247 438
Tangible assets 13,041 14,301 13,618 12,996
Financial assets 0 0 0 0
Other non-current assets 172 43 165 216
Current assets 10,068 10,030 10,379 9,477
Inventories and prepaid expenses 1,161 853 1,329 1,142
Accounts receivable in one year 338 558 81 354
Other current assets 0 0 0 4,000
Cash and cash equivalents 8,569 8,619 8,969 3,982
Total assets 23,758 25,051 24,757 23,474
Equity 15,716 15,142 15,020 14,594
Grants and subsidies 0 0 0 0
Liabilities 7,938 9,742 9,534 8,673
Financial liabilities 0 4,903 4,078 3,994
Long-term liabilities 4,426 5,561 4,789 4,433
Short-term liabilities 3,512 4,180 4,745 4,240
Equity and liabilities 23,758 25,051 24,757 23,474

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
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 14% 14% 16% 17%
Return on equity (ROE) 18% 23% 26% 28%
Return on capital employed (ROCE) 8% 11% 15% 17%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.20 0.16 0.17
Current Ratio 2.87 2.40 2.19 2.24
Quick ratio 2.54 2.20 1.91 1.97
Turnover ratios
Asset turnover 0.44 0.46 0.54 0.63
Fixed asset turnover 0.78 0.78 0.95 1.08
Equity turnover 0.67 0.75 0.89 1.01
Profitability ratios
EBITDA margin 23% 29% 29% 29%
Operating profit margin 15% 20% 22% 22%
Net profit margin 13% 17% 18% 19%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

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: 2024/02/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Orijana MašalėIndependent member; Civil Aviation Association CAVIA; co-founder of a start-up operating in the field of artificial intelligence; organizational consultant on governance, management and crisis management topics

MEMBERS OF THE BOARD OF DIRECTORS

  • Giedrė BlazgienėIndependent member; AB Mano bankas
  • Indrė GasperėMinistry of Internal Affairs
  • Povilas RuškusVĮ Regitra
  • Tomas TumėnasIndependent member; UAB Darius Zubas Holding; AB Linas Agro Group; Akola Aps; UAB „Baltic Fund“ Investments; UAB Nacionalinė farmacijos grupė; UAB Turing College; Admenta Sweden; UAB Valstybės investicijų valdymo agentūra

Information as of: 2024/02/01