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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB Toksika is a licensed hazardous waste management company operating in Lithuania since 1992. The company manages facilities of national importance – a hazardous waste incinerator and a hazardous waste landfill. The company carries out all types of hazardous waste collection, transport and final treatment activities.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual EBITDA:
    • 2022–2024 ≥ 1,5 ml. Eur
  • Annual equity ratio to total assets:
    • 2022–2024 limit0,3–0,45 times

TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024

  • Annual sales revenue, ml. EUR:
    • 2022 ≥ 6,4
    • 2023 ≥ 7,0
    • 2024 ≥ 7,3
  • Utilization of capacity allowed by PADI,%:
    • 2022-2024 > 95
  • Utilization of capacity allowed by PAS,%:
    • 2022 > 35
    • 2023-2024 > 38
  • Waste collection, thousand t. per year:
    • 2022 ≥ 15,3
    • 2023 ≥ 16,2
    • 2024 ≥ 16,5
  • Average emissions of PADI, per cent from the permitted limit:
    • 2022-2024 ≤ 60
  • Productivity (value added per employee worked per hour), EUR:
    • 2022 ≥ 27
    • 2023 ≥ 30
    • 2024 ≥ 31

       2020 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 3,468 4,894 8,566 7,853
Cost of goods sold 1,704 2,853 4,273 3,813
Gross profit (loss) 1,765 2,042 4,293 4,040
Gross profit margin 51% 42% 50% 51%
Operating expenses 1,519 1,820 2,647 2,664
Operating profit (loss) 246 222 1,646 1,376
Operating profit margin 7% 5% 19% 18%
EBITDA 794 802 2,261 2,104
EBITDA margin 23% 16% 26% 27%
Net profit (loss) 446 281 1,638 1,263
Net profit margin 13% 6% 19% 16%
2018-06 2019-06 2020-06 2021-06
Revenue 1,611 1,902 5,556 3,361
Cost of goods sold 728 1,024 2,181 1,054
Gross profit (loss) 883 878 3,375 2,307
Gross profit margin % % 46% 69%
Operating expenses 646 764 1,383 1,168
Operating profit (loss) 238 114 1,992 1,139
Operating profit margin % % 6% 34%
EBITDA 398 1,509
EBITDA margin % % 21% 45%
Net profit (loss) 210 104 1,999 1,172
Net profit margin % % 5% 35%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 26,153 24,649 23,556 23,198
Intangible assets 2 14 9 12
Tangible assets 26,013 24,482 23,314 22,900
Financial assets
Other non-current assets 139 152 234 287
Current assets 1,422 1,724 3,798 3,964
Inventories and prepaid expenses 154 232 647 395
Accounts receivable in one year 910 1,320 945 1,012
Other current assets
Cash and cash equivalents 358 172 2,206 2,558
Total assets 27,683 26,504 27,446 27,257
Equity 6,126 6,406 8,045 8,427
Grants and subsidies 18,674 17,405 16,179 14,953
Liabilities 2,880 2,689 3,210 3,874
Financial liabilities 1,044 865 424 619
Long-term liabilities 471 237 164 410
Short-term liabilities 1,391 1,436 1,489 1,552
Equity and liabilities 27,683 26,504 27,446 27,257
2019-06 2020-06 2021-06
Non-current assets 25,403 23,821 23,330
Intangible assets 7 11 9
Tangible assets 25,258 23,658 23,088
Financial assets 152
Other non-current assets 139 234
Current assets 1,423 4,077 3,660
Inventories and prepaid expenses 194 586 338
Accounts receivable in one year 961 865 984
Other current assets
Cash and cash equivalents 268 2,626 2,338
Total assets 26,899 27,984 27,058
Equity 6,230 8,405 8,337
Grants and subsidies 18,039 16,792 15,566
Liabilities 2,630 2,787 3,156
Financial liabilities 545 180 671
Long-term liabilities 545 180 261
Short-term liabilities 286 25 42
Equity and liabilities 26,899 27,984 27,058

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 1% 6% 5%
Return on equity (ROE) 8% 4% 23% 15%
Return on capital employed (ROCE) 2% 2% 13% 11%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.17 0.13 0.05 0.07
Current Ratio 1.02 1.20 2.55 2.55
Quick ratio 0.91 1.04 2.12 2.30
Turnover ratios
Asset turnover 0.12 0.18 0.32 0.29
Fixed asset turnover 0.13 0.19 0.36 0.34
Equity turnover 0.59 0.78 1.19 0.95
Profitability ratios
EBITDA margin 23% 16% 26% 27%
Operating profit margin 7% 5% 19% 18%
Net profit margin 13% 6% 19% 16%
Other ratios
Dividends to the State 814.37 715.39
Dividends paid / net profit 0.50 0.57

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 3%
Return on equity (ROE) % % 10%
Return on capital employed (ROCE) -2% 1% 9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.09
Current Ratio 4.97 166.42 86.33
Quick ratio 4.29 142.49 78.36
Turnover ratios
Asset turnover 0.14 0.20 0.12
Fixed asset turnover 0.15 0.23 0.14
Equity turnover 0.61 0.76 0.40
Profitability ratios
EBITDA margin % 21% 45%
Operating profit margin % 6% 34%
Net profit margin % 5% 35%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. 12 mėn. tarpinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 6 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 12 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos 2012 m. 6 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos 2011 m. 6 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

About the company

  • Official nameUAB „Toksika“
  • Legal formPrivate limited liability company (UAB)
  • Company code244670310
  • SectorOther
  • Line of businessToxic waste management
  • Institution representing the StateMinistry of the Economy and Innovation
  • Share belonging to the State92.5%
http://www.toksika.lt/
Return to the State

715 EUR thousand

ROE

15.3%

Number of employees

74

Financial data provided as at end-December 2021

Management

  • Arūnas DirvinskasDirector General

Information as of: 2022/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Dangirutis JanušasUAB Verslo konsultacijų spektras; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Normantas Marius DvareckasUAB Ad ventum; Innovative project programme Horizon2020 in Brussels; Independent member
  • Agata ŠeporaitienėMinistry of the Economy and Innovation

Information as of: 2022/09/01