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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.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual return on equity ROE:
    • 2022–2024 ≥ 9 percent.
  • Annual ratio of total liabilities to equity:
    • 2022–2024 ≤ 0,7 times
  • Average dividends for the calendar year:
    • 2022–2024 ≥ 70 percent distributable profit

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • The ratio of total liabilities to EBITDA, sometimes:
    • 2022-2024, 1,0 – 3,0
  • EBITDA margin,%:
    • 2022 ≥ 5,2
    • 2023 ≥ 5,4
    • 2024 ≥ 5,5
  • Number of substantiated claims regarding the quality of work and / or deadlines for completion:
    • 2022-2024 – 0
  • Number of substantiated claims regarding the quality of work and / or deadlines for completion:
    • 2022-2024 – 100

          2021/2 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 7,043 8,824 5,493 5,106
Cost of goods sold 6,556 7,622 4,887 5,008
Gross profit (loss) 487 1,203 607 98
Gross profit margin 7% 14% 11% 2%
Operating expenses 336 359 397 374
Operating profit (loss) 104 828 190 -287
Operating profit margin 1% 9% 3% -6%
EBITDA 208 953 354 -77
EBITDA margin 3% 11% 6% -2%
Net profit (loss) 80 708 163 -227
Net profit margin 1% 8% 3% -4%
2019-06 2020-06 2021-06 2022-06
Revenue 2,150 1,687 2,476 2,247
Cost of goods sold 1,943 1,503 1,931 2,055
Gross profit (loss) 207 185 545 192
Gross profit margin % % % %
Operating expenses 171 185 220 189
Operating profit (loss) 37 -1 324 3
Operating profit margin % % % %
EBITDA 85 68 396 114
EBITDA margin 4% 4% 16% 5%
Net profit (loss) 33 10 325 19
Net profit margin 2% 1% 13% 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

2019 2020 2021 2022
Non-current assets 473 622 767 669
Intangible assets 0 0
Tangible assets 455 603 749 613
Financial assets
Other non-current assets 17 19 18 56
Current assets 1,347 1,800 719 555
Inventories and prepaid expenses 44 31 174 110
Accounts receivable in one year 216 280 214 329
Other current assets
Cash and cash equivalents 1,086 1,489 332 116
Total assets 1,860 2,454 1,530 1,269
Equity 859 1,499 1,223 705
Grants and subsidies
Liabilities 1,000 955 307 565
Financial liabilities 121 0 0 0
Long-term liabilities 121 0
Short-term liabilities 879 955 307 565
Equity and liabilities 1,860 2,454 1,530 1,269
2020-06 2021-06 2022-06
Non-current assets 474 808 718
Intangible assets
Tangible assets 456 788 700
Financial assets
Other non-current assets 17 19 18
Current assets 1,567 1,756 836
Inventories and prepaid expenses 513 104 399
Accounts receivable in one year 220 367 172
Other current assets
Cash and cash equivalents 834 1,286 264
Total assets 2,643 2,591 1,891
Equity 802 1,384 951
Grants and subsidies
Liabilities 1,842 1,206 940
Financial liabilities 126
Long-term liabilities 121
Short-term liabilities 1,721 1,206 940
Equity and liabilities 2,644 2,591 1,891

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 5% 33% 8% -16%
Return on equity (ROE) 10% 60% 12% -24%
Return on capital employed (ROCE) 11% 55% 16% -41%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.00 0.00 0.00
Current Ratio 1.53 1.89 2.34 0.98
Quick ratio 1.48 1.85 1.78 0.79
Turnover ratios
Asset turnover 3.79 3.60 3.59 4.02
Fixed asset turnover 14.90 14.18 7.17 7.63
Equity turnover 8.20 5.89 4.49 7.25
Profitability ratios
EBITDA margin 3% 11% 6% -2%
Operating profit margin 1% 9% 3% -6%
Net profit margin 1% 8% 3% -4%
Other ratios
Dividends to the State 55.10 355.80 235.88 0.00
Dividends paid / net profit 0.69 0.50 1.45 0.00

* Left axis

** Right axis

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

2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 5% % 51% -6%
Return on equity (ROE) 10% % 75% -12%
Return on capital employed (ROCE) 21% 3% 47% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16
Current Ratio 1.53 0.91 1.46 0.89
Quick ratio 1.48 0.61 1.37 0.46
Turnover ratios
Asset turnover 4.45 1.28 0.95 1.00
Fixed asset turnover 16.09 7.13 3.86 2.94
Equity turnover 8.36 4.21 2.27 1.92
Profitability ratios
EBITDA margin 3% 4% 16% 5%
Operating profit margin 1% % % %
Net profit margin 1% 1% 13% 1%
Other ratios
Dividends to the State 55.10
Dividends paid / net profit 0.69

Financial statments

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
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 undefined

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 StateProperty bank
  • Share belonging to the State81.02%
http://polderiai.lt/
ROE

-23.6%

Number of employees

78

Financial data provided as at end-December 2022

Management

  • L. e. p. Darius ValeikaActing Chief Executive officer

Information as of: 2023/09/01