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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

The state company “Regitra” was established in 2000. Its main activities are the processing of road vehicles and vehicle driver registers of the Republic of Lithuania, registration of motor vehicles and their trailers, replacement and issueing of driving licences . The company also provides insurance mediation services. In addition, Regitra is a contact center in Lithuania for EU countries for changing vehicle registration data.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 26,495 26,326 27,493 22,704
Cost of goods sold 19,277 17,989 18,084 14,919
Gross profit (loss) 7,217 8,338 9,409 7,784
Gross profit margin 27% 32% 34% 34%
Operating expenses 3,963 3,893 4,233 4,329
Operating profit (loss) 3,254 4,445 5,176 3,455
Operating profit margin 12% 17% 19% 15%
EBITDA 4,865 5,967 7,586 5,280
EBITDA margin 18% 23% 28% 23%
Net profit (loss) 2,825 3,912 4,451 2,922
Net profit margin 11% 15% 16% 13%
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

2017 2018 2019 2020
Non-current assets 7,499 6,934 10,954 14,983
Intangible assets 154 126 207 211
Tangible assets 7,336 6,792 10,575 14,729
Financial assets
Other non-current assets 10 15 172 43
Current assets 15,122 15,541 17,507 9,855
Inventories and prepaid expenses 1,172 1,210 902 971
Accounts receivable in one year 506 29 209 524
Other current assets 4,283 7,000 10,000
Cash and cash equivalents 9,161 7,302 6,396 8,361
Total assets 22,754 22,614 28,581 25,092
Equity 22,095 20,180 21,559 17,281
Grants and subsidies
Liabilities 654 2,412 7,013 7,787
Financial liabilities
Long-term liabilities 1,155 3,423 5,278
Short-term liabilities 505 1,152 3,362 2,346
Equity and liabilities 22,754 22,614 28,581 25,092
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
Capital return ratios
Return on assets (ROA) 18% 18% 11%
Return on equity (ROE) 19% 22% 16%
Return on capital employed (ROCE) 42% 42% 32%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 13.49 5.21 4.20
Quick ratio 12.44 4.94 3.79
Turnover ratios
Asset turnover 1.16 1.07 0.85
Fixed asset turnover 3.65 3.07 1.75
Equity turnover 1.25 1.32 1.17
Profitability ratios
EBITDA margin 23% 28% 23%
Operating profit margin 17% 19% 15%
Net profit margin 15% 16% 13%
Other ratios
Dividends to the State 3,071.40 7,200.00 4,079.89
Dividends paid / net profit 0.79 1.62 1.40
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

15.7%

Number of employees

531

Financial data provided as at end-December 2020

Management

  • L. e. p. Saulius ŠuminasActing Director General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Ilona SmailienėMinistry of Interior

MEMBERS OF THE BOARD OF DIRECTORS

  • Vainius ButinasVĮ Regitra
  • Laimis JančiūnasUAB buhalterės.lt; Independent member
  • Gintaras NakutisLithuanian Passenger Transport Association, Lithuanian Confederation of Industrialists; Independent member
  • Povilas RuškusVĮ Regitra
  • Aurimas Tomas StaškevičiusIndependent member
  • Paulius SkardžiusMinistry of Interior
  • Vytautas MarkauskasMinistry of Interior
  • Mindaugas KyguolisIndependent member
  • Gediminas VyšniauskisIndependent member

Information as of: 2021/10/01