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
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% |
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 |
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 |
| 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
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
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%
Return to the State
55 EUR thousand
ROE
9.5%
Number of employees
88
Financial data provided as at end-December 2019
