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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Statybos produkcijos sertifikavimo centras (SPSC) is an independent state enterprise established by the Ministry of Environment, which operates since 1996 years. The main objective of the company is to provide quality certification, attestation, evaluation and consulting services in accordance with the Republic of Lithuania and European laws and standards.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,064 1,249 1,186 1,079
Cost of goods sold 619 645 685 682
Gross profit (loss) 445 605 501 397
Gross profit margin 42% 48% 42% 37%
Operating expenses 318 272 293 244
Operating profit (loss) 126 333 208 153
Operating profit margin 12% 27% 18% 14%
EBITDA 157 357 247 191
EBITDA margin 15% 29% 21% 18%
Net profit (loss) 108 282 183 140
Net profit margin 10% 23% 15% 13%
2018-06 2019-06 2020-06 2021-06
Revenue 707 593 521 451
Cost of goods sold 329 335 328 315
Gross profit (loss) 378 258 193 137
Gross profit margin % % 44% 30%
Operating expenses 124 132 127 126
Operating profit (loss) 253 126 66 11
Operating profit margin % % 21% 2%
EBITDA 147 25
EBITDA margin % % 25% 6%
Net profit (loss) 213 110 56 9
Net profit margin % % 19% 2%

Balance sheet

2017 2018 2019 2020
Non-current assets 216 243 226 206
Intangible assets 1 0 8 9
Tangible assets 216 243 218 197
Financial assets
Other non-current assets
Current assets 1,031 1,186 1,262 1,113
Inventories and prepaid expenses 6 5 15 8
Accounts receivable in one year 54 66 182 70
Other current assets 246 246 246 246
Cash and cash equivalents 725 870 820 789
Total assets 1,262 1,446 1,509 1,444
Equity 962 1,128 1,101 1,047
Grants and subsidies 76 70 114 149
Liabilities 222 246 293 247
Financial liabilities
Long-term liabilities
Short-term liabilities 222 246 293 247
Equity and liabilities 1,262 1,446 1,509 1,444
2019-06 2020-06 2021-06
Non-current assets 240 216 191
Intangible assets 10 6 6
Tangible assets 230 210 184
Financial assets
Other non-current assets
Current assets 1,146 1,235 1,017
Inventories and prepaid expenses 7 7 7
Accounts receivable in one year 100 97 86
Other current assets 246 246 246
Cash and cash equivalents 793 886 678
Total assets 1,390 1,469 1,346
Equity 1,029 963 891
Grants and subsidies 85 114 147
Liabilities 277 392 308
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities 1,390 1,469 1,346

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 21% 13% 10%
Return on equity (ROE) 28% 17% 14%
Return on capital employed (ROCE) 56% 36% 28%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 4.82 4.31 4.50
Quick ratio 4.80 4.26 4.47
Turnover ratios
Asset turnover 0.92 0.80 0.73
Fixed asset turnover 5.44 5.06 5.00
Equity turnover 1.20 1.06 1.00
Profitability ratios
EBITDA margin 29% 21% 18%
Operating profit margin 27% 18% 14%
Net profit margin 23% 15% 13%
Other ratios
Dividends to the State 210.26 193.80 164.30
Dividends paid / net profit 0.75 1.06 1.17
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 7%
Return on equity (ROE) % % 11%
Return on capital employed (ROCE) -2% 19% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover 0.85 0.36 0.32
Fixed asset turnover 4.93 2.28 2.22
Equity turnover 1.15 0.52 0.49
Profitability ratios
EBITDA margin % 25% 6%
Operating profit margin % 21% 2%
Net profit margin % 19% 2%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

About the company

  • Official nameVĮ Statybos produkcijos sertifikavimo centras
  • Legal formState enterprise (VĮ)
  • Company code110068926
  • SectorOther
  • Line of businessConstruction certification, evaluation and consulting
  • Institution representing the StateMinistry of Environment
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.spsc.lt
Return to the State

173 EUR thousand

ROE

13.7%

Number of employees

30

Financial data provided as at end-December 2020

Management

  • Valdemaras GauronskisDirector General

Information as of: 2021/10/01