• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

A company established by the Ministry of Finance to oversee the implementation of the Business Support Fund strategy.

Financial results

P/L Statment

2020
Revenue 437
Cost of goods sold
Gross profit (loss) 437
Gross profit margin 100%
Operating expenses 381
Operating profit (loss) 57
Operating profit margin 13%
EBITDA 63
EBITDA margin 14%
Net profit (loss) 48
Net profit margin 11%
2021-06
Revenue 1,000
Cost of goods sold
Gross profit (loss) 1,000
Gross profit margin 100%
Operating expenses 854
Operating profit (loss) 146
Operating profit margin 15%
EBITDA 188
EBITDA margin 19%
Net profit (loss) 143
Net profit margin 14%

Balance sheet

2020
Non-current assets 213
Intangible assets 6
Tangible assets
Financial assets
Other non-current assets 208
Current assets 1,179
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents 1,179
Total assets 1,414
Equity 1,048
Grants and subsidies
Liabilities 366
Financial liabilities 196
Long-term liabilities 127
Short-term liabilities 240
Equity and liabilities 1,414
2021-06
Non-current assets 220
Intangible assets 10
Tangible assets 38
Financial assets
Other non-current assets 172
Current assets 1,148
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents 1,148
Total assets 1,385
Equity 1,155
Grants and subsidies
Liabilities 230
Financial liabilities 91
Long-term liabilities 91
Short-term liabilities 70
Equity and liabilities 1,385

Financial ratios

2020
Capital return ratios
Return on assets (ROA) 7%
Return on equity (ROE) 9%
Return on capital employed (ROCE) 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.19
Current Ratio 4.92
Quick ratio 4.92
Turnover ratios
Asset turnover 0.62
Fixed asset turnover 4.10
Equity turnover 0.83
Profitability ratios
EBITDA margin 14%
Operating profit margin 13%
Net profit margin 11%
Other ratios
Dividends to the State 36.00
Dividends paid / net profit 0.75
2021-06
Capital return ratios
Return on assets (ROA) 28%
Return on equity (ROE) 33%
Return on capital employed (ROCE) 22%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14
Current Ratio 16.30
Quick ratio 16.30
Turnover ratios
Asset turnover 1.44
Fixed asset turnover 9.08
Equity turnover 1.73
Profitability ratios
EBITDA margin 19%
Operating profit margin 15%
Net profit margin 14%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameUAB Valstybės investicijų valdymo agentūra
  • Legal formPrivate limited liability company (UAB)
  • Company code305612545
  • SectorOther
  • Line of businessBusiness support fund administration
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
Return to the State

36 EUR thousand

ROE

9.2%

Number of employees

22

Financial data provided as at end-December 2020

Management

  • Dainius VilčinskasDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Normantas Marius DvareckasUAB Ad ventum; External evaluator of the innovative project programme Horizon2020 in Brussels; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Agnė DaukšienėUAB Ignitis; Independent member
  • Andrius SokolovskisIndependent member
  • Aurimas MartišauskasIndependent advisor; Independent member
  • Virginijus DoveikaIndependent member

Information as of: 2021/10/01

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Valdas VitkauskasThe European Bank for Reconstruction and Development in London; Indendent member

SUPERVISORY BOARD MEMBERS

  • Giedrius DusevičiusUAB Digital Audio; Indendent member
  • Aušra VičkačkienėMinistry of Finance
  • Algirdas NeciunskasBank of Lithuania

Information as of: 2021/10/01