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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.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 224 211 303 256
Cost of goods sold 106 231 188 286
Gross profit (loss) 118 -21 115 -30
Gross profit margin 53% -10% 38% -12%
Operating expenses 105 114 102 111
Operating profit (loss) 13 -135 13 -141
Operating profit margin 6% -64% 4% -55%
EBITDA 101 -45 95 -70
EBITDA margin 45% -21% 31% -27%
Net profit (loss) 9 -135 11 -144
Net profit margin 4% -64% 4% -56%
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

2017 2018 2019 2020
Non-current assets 749 682 617 549
Intangible assets 1 0
Tangible assets 748 682 617 549
Financial assets
Other non-current assets
Current assets 696 725 677 499
Inventories and prepaid expenses 529 595 580 341
Accounts receivable in one year 130 81 68 20
Other current assets
Cash and cash equivalents 37 49 29 139
Total assets 1,446 1,408 1,295 1,049
Equity 683 543 555 411
Grants and subsidies 523 484 450 447
Liabilities 239 381 290 191
Financial liabilities 141 240 195 166
Long-term liabilities 107 178 139 6
Short-term liabilities 132 203 152 185
Equity and liabilities 1,446 1,408 1,295 1,049
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
Capital return ratios
Return on assets (ROA) -9% 1% -12%
Return on equity (ROE) -22% 2% -30%
Return on capital employed (ROCE) -21% 2% -33%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.44 0.35 0.40
Current Ratio 3.56 4.46 2.70
Quick ratio 0.64 0.64 0.86
Turnover ratios
Asset turnover 0.15 0.22 0.22
Fixed asset turnover 0.29 0.47 0.44
Equity turnover 0.34 0.55 0.53
Profitability ratios
EBITDA margin -21% 31% -27%
Operating profit margin -64% 4% -55%
Net profit margin -64% 4% -56%
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

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

-29.8%

Number of employees

7

Financial data provided as at end-December 2020

Management

  • Remigijus SakalauskasDirector General

Information as of: 2021/10/01