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Valdymo koordinavimo centras

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

2016 2017 2018 2019
Revenue 1,772 2,597 3,748 7,043
Cost of goods sold 1,424 2,266 3,360 6,556
Gross profit (loss) 348 332 388 487
Gross profit margin 20% 13% 10% 7%
Operating expenses 294 271 329 382
Operating profit (loss) 55 61 59 104
Operating profit margin 3% 2% 2% 1%
EBITDA 115 151 175 208
EBITDA margin 7% 6% 5% 3%
Net profit (loss) 39 45 52 80
Net profit margin 2% 2% 1% 1%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 1,230 1,232 2,150 1,687
Cost of goods sold 1,095 1,084 1,943 1,503
Gross profit (loss) 135 148 207 185
Gross profit margin 11% 12% 10% 11%
Operating expenses 127 132 171 185
Operating profit (loss) 8 16 37 -1
Operating profit margin 1% 1% 2% -0%
EBITDA 65 75 85 68
EBITDA margin 5% 6% 4% 4%
Net profit (loss) 2 3 33 10
Net profit margin 0% 1% 2% 1%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2016 2017 2018 2019
Non-current assets 399 390 403 473
Intangible assets 0 2 1 0
Tangible assets 393 381 395 455
Financial assets
Other non-current assets 6 7 7 17
Biological assets
Current assets 609 769 652 1,347
Inventories and prepaid expenses 413 343 156 44
Accounts receivable in one year 168 417 242 216
Other current assets
Cash and cash equivalents 28 9 254 1,086
Total assets 1,077 1,368 1,306 1,860
Equity 794 809 825 859
Minority share of capital
Grants and subsidies
Liabilities 283 559 481 1,000
Financial liabilities 116 139 131 136
Long-term liabilities 117 121
Short-term liabilities 283 559 364 879
Equity and liabilities 1,077 1,368 1,305 1,860
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 391 376 428 474
Intangible assets 2 1 1
Tangible assets 383 368 421 456
Financial assets
Other non-current assets 6 7 7 17
Biological assets
Current assets 889 1,050 744 1,567
Inventories and prepaid expenses 258 166 143 513
Accounts receivable in one year 574 857 255 220
Other current assets 5
Cash and cash equivalents 52 27 346 834
Total assets 1,280 1,426 1,481 2,643
Equity 770 782 807 802
Minority share of capital
Grants and subsidies
Liabilities 510 644 674 1,842
Financial liabilities 121 136 126
Long-term liabilities 108 136 121
Short-term liabilities 510 536 538 1,721
Equity and liabilities 1,280 1,426 1,481 2,644

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 4% 4% 4% 5%
Return on equity (ROE) 5% 6% 6% 10%
Return on capital employed (ROCE) 14% 15% 15% 21%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.17 0.16 0.16
Current Ratio 2.15 1.38 1.79 1.53
Quick ratio 0.69 0.76 1.36 1.48
Turnover ratios
Asset turnover 1.58 2.12 2.80 4.45
Fixed asset turnover 4.11 6.58 9.46 16.09
Equity turnover 2.21 3.24 4.59 8.36
Profitability ratios
EBITDA margin 7% 6% 5% 3%
Operating profit margin 3% 2% 2% 1%
Net profit margin 2% 2% 1% 1%
Other ratios
Dividends to the State 23.82 29.67 36.95 55.10
Dividends paid / net profit 0.61 0.67 0.71 0.69

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 4% 4% 5% 3%
Return on equity (ROE) 6% 6% 9% 7%
Return on capital employed (ROCE) 15% 4% 8% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.17 0.15 0.19 0.16
Current Ratio 1.38 1.96 1.38 0.91
Quick ratio 0.76 1.65 1.12 0.61
Turnover ratios
Asset turnover 2.12 0.91 1.48 0.82
Fixed asset turnover 6.58 3.21 5.35 3.74
Equity turnover 3.24 1.59 2.71 2.10
Profitability ratios
EBITDA margin 6% 6% 4% 4%
Operating profit margin 2% 1% 2% -0%
Net profit margin 2% 1% 2% 1%
Other ratios
Dividends to the State 29.67
Dividends paid / net profit 0.67

Financial statments

2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. metinės ataskaitos 2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 6 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2011 m. 6 mėn. tarpinės ataskaitos 2011 m. 9 mėn. tarpinės ataskaitos 2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Target return on equity

6.7%

Letter of Expectations

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

55 EUR thousand

ROE

9.5%

Number of employees

88

Financial data provided as at end-December 2019

Management

  • Arūnas JagminasDirector General

Information as of: 2020/10/01

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: 2020/10/01