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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

In 1965, the Drainage system board (SSV) was established at the land improvement base in Šilutė district. Over time, both company status and company name have evolved, and in 2005, they were reregistered to UAB Šilutė Polderiai. The main activities of the company is the operation and repair of the polderical system, road repairs, forestry cleaning work, reconstruction of the pumping stations.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,597 3,748 7,043 8,824
Cost of goods sold 2,266 3,360 6,556 7,622
Gross profit (loss) 332 388 487 1,203
Gross profit margin 13% 10% 7% 14%
Operating expenses 271 329 382 374
Operating profit (loss) 61 59 104 828
Operating profit margin 2% 2% 1% 9%
EBITDA 151 175 208 953
EBITDA margin 6% 5% 3% 11%
Net profit (loss) 45 52 80 708
Net profit margin 2% 1% 1% 8%
2018-06 2019-06 2020-06 2021-06
Revenue 1,232 2,150 1,687 2,476
Cost of goods sold 1,084 1,943 1,503 1,931
Gross profit (loss) 148 207 185 545
Gross profit margin % % 10% 22%
Operating expenses 132 171 185 220
Operating profit (loss) 16 37 -1 324
Operating profit margin % % 2% 13%
EBITDA 85 396
EBITDA margin % % 4% 16%
Net profit (loss) 10 33 10 324
Net profit margin % % 2% 13%

Balance sheet

2017 2018 2019 2020
Non-current assets 390 403 473 622
Intangible assets 2 1 0
Tangible assets 381 395 455 603
Financial assets
Other non-current assets 7 7 17 19
Current assets 769 652 1,347 1,800
Inventories and prepaid expenses 343 156 44 31
Accounts receivable in one year 417 242 216 280
Other current assets
Cash and cash equivalents 9 254 1,086 1,489
Total assets 1,368 1,306 1,860 2,454
Equity 809 825 859 1,499
Grants and subsidies
Liabilities 559 481 1,000 955
Financial liabilities 139 131 136
Long-term liabilities 117 121
Short-term liabilities 559 364 879 955
Equity and liabilities 1,368 1,305 1,860 2,454
2019-06 2020-06 2021-06
Non-current assets 428 474 808
Intangible assets 1
Tangible assets 421 456 788
Financial assets
Other non-current assets 7 17 19
Current assets 744 1,567 1,756
Inventories and prepaid expenses 143 513 104
Accounts receivable in one year 255 220 367
Other current assets
Cash and cash equivalents 346 834 1,286
Total assets 1,481 2,643 2,591
Equity 807 802 1,384
Grants and subsidies
Liabilities 674 1,842 1,206
Financial liabilities 152 121
Long-term liabilities 136 121
Short-term liabilities 5
Equity and liabilities 1,481 2,644 2,591

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 4% 5% 33%
Return on equity (ROE) 6% 10% 60%
Return on capital employed (ROCE) 15% 21% 113%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16 0.16
Current Ratio 1.79 1.53 1.89
Quick ratio 1.36 1.48 1.85
Turnover ratios
Asset turnover 2.80 4.45 4.09
Fixed asset turnover 9.46 16.09 16.12
Equity turnover 4.59 8.36 7.48
Profitability ratios
EBITDA margin 5% 3% 11%
Operating profit margin 2% 1% 9%
Net profit margin 1% 1% 8%
Other ratios
Dividends to the State 36.95 55.10 355.76
Dividends paid / net profit 0.71 0.69 0.50
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 39%
Return on equity (ROE) % % 93%
Return on capital employed (ROCE) -7% 2% 25%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16
Current Ratio 313.30
Quick ratio 210.76
Turnover ratios
Asset turnover 2.90 0.82 0.95
Fixed asset turnover 10.05 3.74 3.86
Equity turnover 5.33 2.10 2.27
Profitability ratios
EBITDA margin % 4% 16%
Operating profit margin % 2% 13%
Net profit margin % 2% 13%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

6.7%

About the company

  • Official nameUAB „Šilutės polderiai“
  • Legal formPrivate limited liability company (UAB)
  • Company code177002890
  • SectorOther
  • Line of businessPolder construction
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State81%
http://polderiai.lt/
Return to the State

356 EUR thousand

ROE

60.0%

Number of employees

89

Financial data provided as at end-December 2020

Management

  • Arūnas JagminasDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Linas LapinskasMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Simona MartinkėIndependent member
  • Jonas LisauskasMinistry of Agriculture
  • Arūnas DrūliaIndependent member

Information as of: 2021/10/01