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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

       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 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%
2019-06 2020-06 2021-06 2022-06
Revenue 1,902 5,556 3,361 3,899
Cost of goods sold 1,024 2,181 1,054 1,714
Gross profit (loss) 878 3,375 2,307 2,185
Gross profit margin % % % %
Operating expenses 764 1,383 1,168 1,334
Operating profit (loss) 114 1,992 1,139 851
Operating profit margin % % % %
EBITDA 398 2,283 1,509 1,290
EBITDA margin 21% 41% 45% 33%
Net profit (loss) 104 1,999 1,172 826
Net profit margin 5% 36% 35% 21%

* 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
2020-06 2021-06 2022-06
Non-current assets 23,821 23,330 22,801
Intangible assets 11 9 6
Tangible assets 23,658 23,088 22,508
Financial assets 152
Other non-current assets 234 287
Current assets 4,077 3,660 3,750
Inventories and prepaid expenses 586 338 604
Accounts receivable in one year 865 984 1,234
Other current assets
Cash and cash equivalents 2,626 2,338 1,911
Total assets 27,984 27,058 26,633
Equity 8,405 8,337 8,479
Grants and subsidies 16,792 15,566 14,340
Liabilities 2,787 3,156 3,814
Financial liabilities 205 714 890
Long-term liabilities 180 261 697
Short-term liabilities 707 1,537 1,218
Equity and liabilities 27,984 27,058 26,633

* 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 2022-06
Capital return ratios
Return on assets (ROA) 1% % 3% 3%
Return on equity (ROE) 4% % 10% 11%
Return on capital employed (ROCE) 2% 15% 9% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.13 0.09 0.07 0.10
Current Ratio 1.20 5.77 2.38 3.08
Quick ratio 1.04 4.94 2.16 2.58
Turnover ratios
Asset turnover 0.18 0.40 0.12 0.15
Fixed asset turnover 0.19 0.47 0.14 0.17
Equity turnover 0.78 1.32 0.40 0.46
Profitability ratios
EBITDA margin 16% 41% 45% 33%
Operating profit margin 5% % % %
Net profit margin 6% 36% 35% 21%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2021 m. 6 mėn. tarpinės ataskaitos 2021 m. metinės ataskaitos
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/
ROE

10.9%

Number of employees

74

Financial data provided as at end-December 2021

Management

  • Arūnas DirvinskasDirector General

Information as of: 2023/01/01

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: 2023/01/01