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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Statybos produkcijos sertifikavimo centras (SPSC) is an independent company established by the Ministry of the Environment and has been operating since 1996. The main objective of the company is to provide quality services in the field of certification and technical assessment of construction products and testing of wastewater treatment plants, in accordance with the legal acts and standards of the Republic of Lithuania and Europe.


          2022/23 GOOD CORPORATE GOVERNANCE INDEX

                


          2021/22 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

2019 2020 2021 2022
Revenue 1,186 1,079 1,053 562
Cost of goods sold 685 682 663 453
Gross profit (loss) 501 397 390 109
Gross profit margin 42% 37% 37% 19%
Operating expenses 293 244 287 241
Operating profit (loss) 208 153 103 -131
Operating profit margin 18% 14% 10% -23%
EBITDA 247 191 133 -51
EBITDA margin 21% 18% 13% -9%
Net profit (loss) 183 140 89 -126
Net profit margin 15% 13% 8% -22%
2020-06 2021-06 2022-06 2023-06
Revenue 521 451 346
Cost of goods sold 328 314 256
Gross profit (loss) 193 137 91 0
Gross profit margin 37% 30% 26% %
Operating expenses 127 126 152 0
Operating profit (loss) 66 11 -61 0
Operating profit margin 13% 2% -18% %
EBITDA 74 25 -52 0
EBITDA margin 14% 6% -15% %
Net profit (loss) 57 9 -61 0
Net profit margin 11% 2% -18% %

Balance sheet

2019 2020 2021 2022
Non-current assets 225 206 175 231
Intangible assets 8 9 4 4
Tangible assets 218 197 171 227
Financial assets
Other non-current assets
Current assets 1,262 1,113 1,138 560
Inventories and prepaid expenses 15 8 13 1
Accounts receivable in one year 182 70 81 56
Other current assets 246 246 246 186
Cash and cash equivalents 820 789 798 317
Total assets 1,509 1,444 1,396 798
Equity 1,101 1,047 972 673
Grants and subsidies 114 149 144 38
Liabilities 293 247 279 88
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 293 247 279 88
Equity and liabilities 1,509 1,444 1,396 798
2020-06 2021-06 2022-06 2023-06
Non-current assets 216 191 85 0
Intangible assets 6 6 2
Tangible assets 210 184 83
Financial assets 0 0
Other non-current assets 0 0
Current assets 1,235 1,017 575 0
Inventories and prepaid expenses 7 7 10
Accounts receivable in one year 97 86 49
Other current assets 246 246 246
Cash and cash equivalents 886 678 271
Total assets 1,469 1,346 670 0
Equity 963 891 525 0
Grants and subsidies 114 147 40
Liabilities 392 308 104 0
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 392 308 104 0
Equity and liabilities 1,469 1,346 670 0

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 12% 9% 6% -12%
Return on equity (ROE) 16% 13% 9% -15%
Return on capital employed (ROCE) 19% 15% 11% -20%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 4.31 4.50 4.08 6.38
Quick ratio 4.26 4.47 4.03 6.36
Turnover ratios
Asset turnover 0.79 0.75 0.75 0.70
Fixed asset turnover 5.26 5.25 6.03 2.43
Equity turnover 1.08 1.03 1.08 0.84
Profitability ratios
EBITDA margin 21% 18% 13% -9%
Operating profit margin 18% 14% 10% -23%
Net profit margin 15% 13% 8% -22%
Other ratios
Dividends to the State 193.81 164.30 305.10 0.00
Dividends paid / net profit 1.06 1.17 3.42 0.00
2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) 9% 7% 2% -20%
Return on equity (ROE) 13% 10% 3% -25%
Return on capital employed (ROCE) 7% 1% -12% %
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00
Current Ratio 3.15 3.30 5.51
Quick ratio 3.13 3.28 5.42
Turnover ratios
Asset turnover 0.35 0.34 0.52
Fixed asset turnover 2.42 2.37 4.07
Equity turnover 0.54 0.51 0.66
Profitability ratios
EBITDA margin 14% 6% -15% %
Operating profit margin 13% 2% -18% %
Net profit margin 11% 2% -18% %
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameUAB Statybos produkcijos sertifikavimo centras
  • Legal formState enterprise (VĮ)
  • Company code110068926
  • SectorOther
  • Line of businessCertification of construction products, technical evaluation, tests of sewage treatment plants.
  • Institution representing the StateMinistry of Environment
  • Share belonging to the State100%
http://www.spsc.lt
ROE

-15.4%

Number of employees

13

Financial data provided as at end-December 2022