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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Private limited liability company “Šilutės veislininkystė” was registered in 1998. The company’s economic activity is the production and assessment of fattening bulls in terms of meat qualities. The company also carries out animal trade for breeding and meat.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual return on equity ROE:
    • 2022–2024 ≥ 1,5 percent.
  • Annual ratio of total liabilities to equity:
    • 2022–2024 ≤ 0,4 times
  • Average dividends for the calendar year:
    • 2022–2024 ≥ 80 percent.

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • Net profitability,%:
    • 2022 – 2,1
    • 2023 – 3,2
    • 2024 – 3,5
  • Evaluation of cattle, units:
    • 2022 – 180
    • 2023 – 200
    • 2024 – 200
  • Sales revenue, thousand EUR:
    • 2022 – 289
    • 2023 – 335
    • 2024 – 348
  • Good governance index:
    • 2022 – B
    • 2023-2024 – A

          2020 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

2018 2019 2020 2021
Revenue 211 303 532 456
Cost of goods sold 231 188 562 468
Gross profit (loss) -21 115 -30 -11
Gross profit margin -10% 38% -6% -2%
Operating expenses 114 102 111 85
Operating profit (loss) -135 13 -142 -97
Operating profit margin -64% 4% -27% -21%
EBITDA -45 95 -71 -33
EBITDA margin -21% 31% -13% -7%
Net profit (loss) -135 11 -145 -102
Net profit margin -64% 4% -27% -22%
2018-06 2019-06 2020-06 2021-06
Revenue 137 120 85 209
Cost of goods sold 280 86 82 214
Gross profit (loss) -143 34 3 -6
Gross profit margin % % 28% -3%
Operating expenses 55 54 62 46
Operating profit (loss) -197 -20 -59 -52
Operating profit margin % % -16% -25%
EBITDA 16 -16
EBITDA margin % % 13% -8%
Net profit (loss) -200 -24 -61 -52
Net profit margin % % -20% -25%

Balance sheet

2018 2019 2020 2021
Non-current assets 682 617 549 487
Intangible assets 0
Tangible assets 682 617 549 487
Financial assets
Other non-current assets
Current assets 725 677 499 374
Inventories and prepaid expenses 595 580 341 164
Accounts receivable in one year 81 68 20 122
Other current assets
Cash and cash equivalents 49 29 139 88
Total assets 1,408 1,295 1,049 861
Equity 543 555 409 308
Grants and subsidies 484 450 447 413
Liabilities 381 290 192 140
Financial liabilities 240 195 166 106
Long-term liabilities 178 139 6 35
Short-term liabilities 203 152 186 105
Equity and liabilities 1,408 1,295 1,049 861
2019-06 2020-06 2021-06
Non-current assets 647 582 521
Intangible assets 0
Tangible assets 647 582 521
Financial assets
Other non-current assets
Current assets 648 606 429
Inventories and prepaid expenses 541 538 284
Accounts receivable in one year 77 66 106
Other current assets
Cash and cash equivalents 29 2 39
Total assets 1,296 1,188 950
Equity 518 493 358
Grants and subsidies 467 439 430
Liabilities 310 255 163
Financial liabilities 196 186 6
Long-term liabilities 196 166 6
Short-term liabilities 31 21 125
Equity and liabilities 1,295 1,188 950

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -9% 1% -12% -11%
Return on equity (ROE) -22% 2% -30% -28%
Return on capital employed (ROCE) -21% 2% -33% -25%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.44 0.35 0.41 0.34
Current Ratio 3.56 4.46 2.68 3.55
Quick ratio 0.64 0.64 0.85 1.99
Turnover ratios
Asset turnover 0.15 0.22 0.45 0.48
Fixed asset turnover 0.29 0.47 0.91 0.88
Equity turnover 0.34 0.55 1.10 1.27
Profitability ratios
EBITDA margin -21% 31% -13% -7%
Operating profit margin -64% 4% -27% -21%
Net profit margin -64% 4% -27% -22%
Other ratios
Dividends to the State
Dividends paid / net profit
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % -13%
Return on equity (ROE) % % -32%
Return on capital employed (ROCE) -6% -3% -12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.42 0.37
Current Ratio 20.77 29.54 3.43
Quick ratio 3.43 3.28 1.16
Turnover ratios
Asset turnover 0.18 0.07 0.20
Fixed asset turnover 0.37 0.14 0.38
Equity turnover 0.46 0.17 0.49
Profitability ratios
EBITDA margin % 13% -8%
Operating profit margin % -16% -25%
Net profit margin % -20% -25%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameUAB „Šilutės veislininkystė“
  • Legal formPrivate limited liability company (UAB)
  • Company code177005858
  • SectorOther
  • Line of businessAnimal husbandry
  • Institution representing the StateProperty bank
  • Share belonging to the State96.5%
http://buliukai.lt/
ROE

-28.3%

Number of employees

7

Financial data provided as at end-December 2021

Management

  • Gediminas LapinskasDirector General

Information as of: 2022/09/01