• English
  • Lithuanian
Valdymo koordinavimo centras

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.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 240 224 211 303
Cost of goods sold 481 106 231 188
Gross profit (loss) -241 118 -21 115
Gross profit margin -100% 53% -10% 38%
Operating expenses 97 105 114 102
Operating profit (loss) -338 13 -135 13
Operating profit margin -141% 6% -64% 4%
EBITDA 109 101 -45 85
EBITDA margin 45% 45% -21% 28%
Net profit (loss) 9 9 -135 11
Net profit margin 4% 4% -64% 4%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 66 137 120 85
Cost of goods sold 214 355 86 82
Gross profit (loss) -148 -218 34 3
Gross profit margin -225% -159% 28% 3%
Operating expenses 70 54 54 62
Operating profit (loss) -219 -272 -20 -60
Operating profit margin -332% -199% -16% -70%
EBITDA 24 -156 16 -27
EBITDA margin 36% -114% 13% -32%
Net profit (loss) -24 -62
Net profit margin -10% -94% -20% -73%

Balance sheet

2016 2017 2018 2019
Non-current assets 739 749 682 617
Intangible assets 2 1 0
Tangible assets 738 748 682 617
Financial assets
Other non-current assets
Biological assets
Current assets 725 696 725 677
Inventories and prepaid expenses 544 529 595 580
Accounts receivable in one year 164 130 81 68
Other current assets
Cash and cash equivalents 17 37 49 29
Total assets 1,465 1,446 1,408 1,294
Equity 685 683 543 555
Minority share of capital
Grants and subsidies 539 523 484 450
Liabilities 240 239 381 290
Financial liabilities 104 141 240 195
Long-term liabilities 60 107 178 139
Short-term liabilities 180 132 203 152
Equity and liabilities 1,465 1,446 1,408 1,294
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 733 722 647 582
Intangible assets 1 1 0
Tangible assets 731 721 647 582
Financial assets
Other non-current assets
Biological assets
Current assets 695 539 648 606
Inventories and prepaid expenses 604 416 541 538
Accounts receivable in one year 61 114 77 66
Other current assets
Cash and cash equivalents 31 9 29 2
Total assets 1,428 1,261 1,296 1,188
Equity 649 478 518 493
Minority share of capital
Grants and subsidies 520 504 467 439
Liabilities 259 280 310 255
Financial liabilities 157 227 186
Long-term liabilities 113 144 196 166
Short-term liabilities 146 136 115 90
Equity and liabilities 1,428 1,261 1,295 1,188

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 1% 1% -9% 1%
Return on equity (ROE) 1% 1% -22% 2%
Return on capital employed (ROCE) 2% 2% -21% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.21 0.44 0.35
Current Ratio 4.03 5.27 3.56 4.46
Quick ratio 1.00 1.26 0.64 0.64
Turnover ratios
Asset turnover 0.16 0.15 0.15 0.22
Fixed asset turnover 0.31 0.30 0.29 0.47
Equity turnover 0.35 0.33 0.34 0.55
Profitability ratios
EBITDA margin 45% 45% -21% 28%
Operating profit margin -141% 6% -64% 4%
Net profit margin 4% 4% -64% 4%
Other ratios
Dividends to the State 10.66 5.40
Dividends paid / net profit 1.18 0.62
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 1% -12% 3% -2%
Return on equity (ROE) 1% -29% 8% -5%
Return on capital employed (ROCE) 2% -35% -3% -12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.21 0.33 0.44 0.42
Current Ratio 5.27 3.96 5.66 6.77
Quick ratio 1.26 0.91 0.93 0.75
Turnover ratios
Asset turnover 0.15 0.10 0.09 0.07
Fixed asset turnover 0.30 0.19 0.17 0.14
Equity turnover 0.33 0.24 0.24 0.17
Profitability ratios
EBITDA margin 45% -114% 13% -32%
Operating profit margin 6% -199% -16% -70%
Net profit margin 4% -94% -20% -73%
Other ratios
Dividends to the State 5.40
Dividends paid / net profit 0.62

Expectations of the state

Target return on equity

5.0%

About the company

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

1.9%

Number of employees

7

Financial data provided as at end-December 2019

Management

  • Remigijus SakalauskasDirector General

Information as of: 2020/10/01