• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

A company established by the Ministry of Economy and Innovation, which is a limited partner of the Limited Partnership Business Assistance Fund, providing the state contribution to the fund.

KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024

  • Average annual return on equity ROE::
    • 2022–2024 > 0 proc.
  • Average dividends for the calendar year::
    • 2022–2024, 75–85 % from distributable profit

          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

2020 2021
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin % %
Operating expenses 32 241
Operating profit (loss) -32 -241
Operating profit margin % %
EBITDA -32 -264
EBITDA margin % %
Net profit (loss) -2,902 -5,124
Net profit margin % %
2021-06
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin %
Operating expenses -163
Operating profit (loss) 163
Operating profit margin %
EBITDA 163
EBITDA margin %
Net profit (loss) 163
Net profit margin %

Balance sheet

2020 2021
Non-current assets 4,130 142,269
Intangible assets
Tangible assets
Financial assets 4,125 142,264
Other non-current assets 5 5
Current assets 94,178 586
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents 94,178 586
Total assets 98,311 143,014
Equity 97,298 93,174
Grants and subsidies
Liabilities 1,011 49,840
Financial liabilities
Long-term liabilities 49,831
Short-term liabilities 1,011 10
Equity and liabilities 98,311 143,014
2021-06
Non-current assets 97,130
Intangible assets
Tangible assets
Financial assets 97,125
Other non-current assets 5
Current assets 1,016
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents 1,016
Total assets 98,147
Equity 98,135
Grants and subsidies
Liabilities 12
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities 98,147

Financial ratios

2020 2021
Capital return ratios
Return on assets (ROA) -6% -4%
Return on equity (ROE) -6% -5%
Return on capital employed (ROCE) -0% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 93.14 60.96
Quick ratio 93.14 60.96
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
2021-06
Capital return ratios
Return on assets (ROA) -6%
Return on equity (ROE) -6%
Return on capital employed (ROCE) 0%
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

Expectations of the state

Target return on equity undefined

About the company

  • Official nameUAB „Valstybės investicinis kapitalas“
  • Legal formPrivate limited liability company (UAB)
  • Company code305611945
  • SectorOther
  • Line of businessBusiness support fund administration
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
ROE

-5.4%

Number of employees

1

Financial data provided as at end-December 2021

Management

  • Robertas VyšniauskasDirector General

Information as of: 2022/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Šarūnas RuzgysUAB Signeda; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Tomas UrbanMinistry of the Economy and Innovation
  • Jonas BložėZETA LAW; Independent member

Information as of: 2022/09/01