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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

UAB Tetas was registered on December 8, 2005. The main shareholder of the company is AB Litgrid. The activities of UAB Tetas are related to designing of production and industrial buildings, construction, reconstruction, repair and maintenance of transformer substations and distribution points, electricity transmission lines.

 

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 14,683 25,793 32,936 78,746
Cost of goods sold 14,856 25,004 32,778 84,297
Gross profit (loss) -173 789 158 -5,551
Gross profit margin -1% 3% 0% -7%
Operating expenses
Operating profit (loss) -173 789 158 -5,551
Operating profit margin -1% 3% 0% -7%
EBITDA 878 2,199 1,743 -3,841
EBITDA margin 6% 9% 5% -5%
Net profit (loss) -204 854 382 -4,528
Net profit margin -1% 3% 1% -6%
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin

Balance sheet

2019 2020 2021 2022
Non-current assets 4,197 4,250 4,463 5,004
Intangible assets 130 197 210 139
Tangible assets 4,067 3,952 4,253 4,199
Financial assets
Other non-current assets 101 666
Biological assets
Current assets 3,871 7,190 27,708 13,076
Inventories and prepaid expenses 553 1,894 10,883 3,371
Accounts receivable in one year 3,132 4,436 16,738 9,658
Other current assets
Cash and cash equivalents 186 860 87 47
Total assets 8,397 11,926 32,657 18,987
Equity 515 1,369 1,751 1,031
Minority share of capital
Grants and subsidies
Liabilities 7,464 9,930 11,134 16,748
Financial liabilities 4,025 3,783 1,491 10,382
Long-term liabilities 1,908 912 946 3,665
Short-term liabilities 5,556 9,018 10,188 11,577
Equity and liabilities 8,397 11,926 32,657 18,987
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -2% 8% 2% -18%
Return on equity (ROE) -40% 91% 24% -326%
Return on capital employed (ROCE) -5% 77% 5% -136%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 7.82 2.76 0.85 10.07
Current Ratio 0.70 0.80 2.72 1.13
Quick ratio 0.60 0.59 1.65 0.84
Turnover ratios
Asset turnover 3.50 2.54 1.48 3.05
Fixed asset turnover 7.00 6.11 7.56 16.64
Equity turnover 57.02 27.38 21.11 56.61
Profitability ratios
EBITDA margin 6% 9% 5% -5%
Operating profit margin -1% 3% 0% -7%
Net profit margin -1% 3% 1% -6%
Other ratios
Dividends to the State
Dividends paid / net profit
Capital return ratios
Return on assets (ROA)
Return on equity (ROE)
Return on capital employed (ROCE)
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover
Fixed asset turnover
Equity turnover
Profitability ratios
EBITDA margin
Operating profit margin
Net profit margin
Other ratios
Dividends to the State
Dividends paid / net profit

About the company

  • Official nameUAB „TETAS“
  • Legal formPrivate limited liability company (UAB)
  • Company code300513148
  • SectorEnergy
  • Line of businessProduction and industrial buildings design, distribution points, power transmission lines construction, reconstruction.
  • Accountability„EPSO-G“ group of companies
  • Share indirectly belonging to the State100%
https://tetas.lt/
ROE

-325.5%

Number of employees

410

Financial data provided as at end-December 2022

Management

  • Ramūnas PapinigisChief Executive Officer

Information as of: 2024/05/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Darius KašauskasUAB EPSO-G

MEMBERS OF THE BOARD OF DIRECTORS

  • Tomas AstrauskasIndependent member; UAB Dextall LT
  • Elida DrapienėUAB EPSO-G
  • Vytautas LisauskasIndependent member; SIC Global Textiles

Information as of: 2024/05/02