Šilutės polderiai

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

	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

Annual
Semi-annual

	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

Annual
Semi-annual

	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

2020 m. 6 mėn. tarpinės 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

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

Financial data provided as at end-December 2019

Management

Arūnas JagminasDirector General

Information as of: 2021/01/01

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