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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.


          2021/22 GOOD CORPORATE GOVERNANCE INDEX       


          2020/21 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 1,249 1,186 1,079 1,053
Cost of goods sold 645 685 682 663
Gross profit (loss) 605 501 397 390
Gross profit margin 48% 42% 37% 37%
Operating expenses 272 293 244 287
Operating profit (loss) 333 208 153 103
Operating profit margin 27% 18% 14% 10%
EBITDA 357 247 191 133
EBITDA margin 29% 21% 18% 13%
Net profit (loss) 282 183 140 89
Net profit margin 23% 15% 13% 8%
2019-06 2020-06 2021-06 2022-06
Revenue 593 521 451 346
Cost of goods sold 335 328 314 256
Gross profit (loss) 258 193 137 91
Gross profit margin % % % %
Operating expenses 132 127 126 152
Operating profit (loss) 126 66 11 -61
Operating profit margin % % % %
EBITDA 147 74 25 -52
EBITDA margin 25% 14% 6% -15%
Net profit (loss) 110 56 9 -61
Net profit margin 19% 11% 2% -18%

Balance sheet

2018 2019 2020 2021
Non-current assets 243 226 206 175
Intangible assets 0 8 9 4
Tangible assets 243 218 197 171
Financial assets
Other non-current assets
Current assets 1,186 1,262 1,113 1,138
Inventories and prepaid expenses 5 15 8 13
Accounts receivable in one year 66 182 70 81
Other current assets 246 246 246 246
Cash and cash equivalents 870 820 789 798
Total assets 1,446 1,509 1,444 1,396
Equity 1,128 1,101 1,047 972
Grants and subsidies 70 114 149 144
Liabilities 246 293 247 279
Financial liabilities
Long-term liabilities
Short-term liabilities 246 293 247 279
Equity and liabilities 1,446 1,509 1,444 1,396
2020-06 2021-06 2022-06
Non-current assets 216 191 85
Intangible assets 6 6 2
Tangible assets 210 184 83
Financial assets
Other non-current assets
Current assets 1,235 1,017 575
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
Equity 963 891 525
Grants and subsidies 114 147 40
Liabilities 392 308 104
Financial liabilities
Long-term liabilities
Short-term liabilities 392 308 104
Equity and liabilities 1,469 1,346 670

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 21% 13% 10% 7%
Return on equity (ROE) 28% 17% 14% 10%
Return on capital employed (ROCE) 56% 36% 28% 19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 4.82 4.31 4.50 4.08
Quick ratio 4.80 4.26 4.47 4.03
Turnover ratios
Asset turnover 0.92 0.80 0.73 0.74
Fixed asset turnover 5.44 5.06 5.00 5.54
Equity turnover 1.20 1.06 1.00 1.04
Profitability ratios
EBITDA margin 29% 21% 18% 13%
Operating profit margin 27% 18% 14% 10%
Net profit margin 23% 15% 13% 8%
Other ratios
Dividends to the State 210.26 193.80 164.30 305.13
Dividends paid / net profit 0.75 1.06 1.17 3.42
2019-06 2020-06 2021-06 2022-06
Capital return ratios
Return on assets (ROA) 13% % 7% 3%
Return on equity (ROE) 17% % 10% 4%
Return on capital employed (ROCE) 36% 13% 2% -21%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 4.31 3.15 3.30 5.51
Quick ratio 4.26 3.13 3.28 5.42
Turnover ratios
Asset turnover 0.80 0.71 0.32 0.34
Fixed asset turnover 5.06 4.83 2.22 2.51
Equity turnover 1.06 1.08 0.49 0.49
Profitability ratios
EBITDA margin 21% 14% 6% -15%
Operating profit margin 18% % % %
Net profit margin 15% 11% 2% -18%
Other ratios
Dividends to the State 193.80
Dividends paid / net profit 1.06

About the company

  • Official nameUAB 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
ROE

3.9%

Number of employees

14

Financial data provided as at end-December 2021

Management

  • Valdemaras GauronskisDirector General

Information as of: 2023/01/01