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Valdymo koordinavimo centras

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

2016 2017 2018 2019
Revenue 1,083 1,064 1,249 1,186
Cost of goods sold 637 619 645 685
Gross profit (loss) 446 445 605 501
Gross profit margin 41% 42% 48% 42%
Operating expenses 371 318 272 292
Operating profit (loss) 75 126 333 208
Operating profit margin 7% 12% 27% 18%
EBITDA 121 157 357 247
EBITDA margin 11% 15% 29% 21%
Net profit (loss) 56 108 282 183
Net profit margin 5% 10% 23% 15%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 536 707 593 521
Cost of goods sold 310 329 335 328
Gross profit (loss) 226 378 258 193
Gross profit margin 42% 53% 44% 37%
Operating expenses 148 124 132 127
Operating profit (loss) 78 253 126 66
Operating profit margin 15% 36% 21% 13%
EBITDA 96 263 147 74
EBITDA margin 18% 37% 25% 14%
Net profit (loss) 14 41 110 57
Net profit margin 12% 30% 19% 11%

Balance sheet

2016 2017 2018 2019
Non-current assets 245 216 243 225
Intangible assets 1 1 0 8
Tangible assets 244 216 243 218
Financial assets
Other non-current assets
Biological assets
Current assets 887 1,031 1,186 1,262
Inventories and prepaid expenses 16 6 5 15
Accounts receivable in one year 86 54 66 182
Other current assets 246 246 246 246
Cash and cash equivalents 539 725 870 820
Total assets 1,150 1,262 1,446 1,509
Equity 882 962 1,128 1,101
Minority share of capital
Grants and subsidies 91 76 70 114
Liabilities 176 222 246 293
Financial liabilities
Long-term liabilities
Short-term liabilities 176 222 246 293
Equity and liabilities 1,150 1,262 1,446 1,509
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 227 214 240 216
Intangible assets 1 0 10 6
Tangible assets 226 214 230 210
Financial assets
Other non-current assets
Biological assets
Current assets 1,054 1,220 1,146 1,235
Inventories and prepaid expenses 5 7 7 7
Accounts receivable in one year 121 79 100 97
Other current assets 246 246 246 246
Cash and cash equivalents 683 887 793 886
Total assets 1,281 1,434 1,390 1,469
Equity 920 1,059 1,029 963
Minority share of capital
Grants and subsidies 83 73 85 114
Liabilities 278 301 277 392
Financial liabilities
Long-term liabilities
Short-term liabilities 278 301 277 392
Equity and liabilities 1,281 1,434 1,390 1,469

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 5% 9% 21% 13%
Return on equity (ROE) 7% 12% 28% 17%
Return on capital employed (ROCE) 16% 25% 56% 36%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 5.05 4.64 4.82 4.31
Quick ratio 4.96 4.61 4.80 4.26
Turnover ratios
Asset turnover 0.94 0.88 0.92 0.80
Fixed asset turnover 3.98 4.61 5.44 5.06
Equity turnover 1.24 1.15 1.20 1.06
Profitability ratios
EBITDA margin 11% 15% 29% 21%
Operating profit margin 7% 12% 27% 18%
Net profit margin 5% 10% 23% 15%
Other ratios
Dividends to the State 28.20 115.35 210.26 193.81
Dividends paid / net profit 0.50 1.07 0.75 1.06
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 9% 20% 13% 9%
Return on equity (ROE) 12% 27% 18% 13%
Return on capital employed (ROCE) 25% 45% 24% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 4.64 4.05 4.14 3.15
Quick ratio 4.61 4.03 4.12 3.13
Turnover ratios
Asset turnover 0.88 0.52 0.42 0.36
Fixed asset turnover 4.61 3.21 2.61 2.28
Equity turnover 1.15 0.71 0.57 0.52
Profitability ratios
EBITDA margin 15% 37% 25% 14%
Operating profit margin 12% 36% 21% 13%
Net profit margin 10% 30% 19% 11%
Other ratios
Dividends to the State 115.35
Dividends paid / net profit 1.07

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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.spsc.lt
Return to the State

202 EUR thousand

ROE

17.1%

Number of employees

40

Financial data provided as at end-December 2019

Management

  • Valdemaras GauronskisDirector General

Information as of: 2020/10/01