Valstybės investicinis kapitalas
A company managed by the Ministry of Finance, which is a limited partner in the Limited Partnership Business Assistance Fund, which provides 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
- 2022–2024, 75–85 % from distributable profit
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of goods sold | ||||
| Gross profit (loss) | 0 | 0 | 0 | 0 |
| Gross profit margin | % | % | % | % |
| Operating expenses | 32 | 242 | 159 | |
| Operating profit (loss) | 0 | -32 | -242 | -159 |
| Operating profit margin | % | % | % | % |
| EBITDA | 0 | -32 | -264 | -251 |
| EBITDA margin | % | % | % | % |
| Net profit (loss) | 0 | -2,902 | -5,124 | -12,107 |
| Net profit margin | % | % | % | % |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Cost of goods sold | 0 | 0 | 0 | 0 |
| Gross profit (loss) | 0 | 0 | 0 | 0 |
| Gross profit margin | % | % | % | % |
| Operating expenses | 0 | 163 | 187 | 159 |
| Operating profit (loss) | 0 | -163 | -187 | -159 |
| Operating profit margin | % | % | % | % |
| EBITDA | 0 | -163 | -187 | -159 |
| EBITDA margin | % | % | % | % |
| Net profit (loss) | 0 | -163 | -16,639 | 9,728 |
| Net profit margin | % | % | % | % |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 0 | 4,130 | 142,269 | 179,992 |
| Intangible assets | ||||
| Tangible assets | ||||
| Financial assets | 4,125 | 142,264 | 179,922 | |
| Other non-current assets | 5 | 5 | 70 | |
| Current assets | 0 | 94,178 | 586 | 1,389 |
| Inventories and prepaid expenses | ||||
| Accounts receivable in one year | ||||
| Other current assets | ||||
| Cash and cash equivalents | 94,178 | 586 | 1,389 | |
| Total assets | 0 | 98,311 | 143,014 | 181,424 |
| Equity | 0 | 97,298 | 93,174 | 81,067 |
| Grants and subsidies | ||||
| Liabilities | 0 | 1,011 | 49,840 | 100,357 |
| Financial liabilities | 0 | 0 | 0 | 0 |
| Long-term liabilities | 49,831 | 99,832 | ||
| Short-term liabilities | 1,011 | 10 | 525 | |
| Equity and liabilities | 0 | 98,311 | 143,014 | 181,424 |
| 2020-06 | 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|---|
| Non-current assets | 0 | 97,130 | 150,817 | 190,303 |
| Intangible assets | 0 | 0 | 0 | |
| Tangible assets | 0 | 0 | 0 | |
| Financial assets | 97,125 | 150,812 | 190,252 | |
| Other non-current assets | 5 | 5 | 51 | |
| Current assets | 0 | 1,016 | 25,508 | 393 |
| Inventories and prepaid expenses | 0 | 0 | 0 | |
| Accounts receivable in one year | 0 | 0 | 0 | |
| Other current assets | 0 | 0 | 0 | |
| Cash and cash equivalents | 1,016 | 25,508 | 393 | |
| Total assets | 0 | 98,147 | 176,449 | 190,736 |
| Equity | 0 | 98,135 | 76,535 | 90,795 |
| Grants and subsidies | 0 | 0 | 0 | |
| Liabilities | 0 | 12 | 99,915 | 99,941 |
| Financial liabilities | 0 | 0 | 99,896 | 99,914 |
| Long-term liabilities | 0 | 0 | 99,896 | 99,861 |
| Short-term liabilities | 0 | 12 | 19 | 80 |
| Equity and liabilities | 0 | 98,147 | 176,449 | 190,736 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | % | -6% | -4% | -7% |
| Return on equity (ROE) | % | -6% | -5% | -14% |
| Return on capital employed (ROCE) | % | -0% | -0% | -0% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | |
| Current Ratio | 93.14 | 61.01 | 2.65 | |
| Quick ratio | 93.14 | 61.01 | 2.65 | |
| Turnover ratios | ||||
| Asset turnover | 0.00 | 0.00 | 0.00 | |
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | |
| Equity turnover | 0.00 | 0.00 | 0.00 | |
| Profitability ratios | ||||
| EBITDA margin | % | % | % | % |
| Operating profit margin | % | % | % | % |
| Net profit margin | % | % | % | % |
| Other ratios | ||||
| Dividends to the State | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 |
| 2021-06 | 2022-06 | 2023-06 | |
|---|---|---|---|
| Capital return ratios | |||
| Return on assets (ROA) | -6% | -16% | 8% |
| Return on equity (ROE) | -6% | -25% | 17% |
| Return on capital employed (ROCE) | -0% | -0% | -0% |
| Capital structure and liquidity ratios | |||
| Debt / asset ratio (D/A) | 0.00 | 0.57 | 0.52 |
| Current Ratio | 84.67 | 1,378.83 | 4.90 |
| Quick ratio | 84.67 | 1,378.83 | 4.90 |
| Turnover ratios | |||
| Asset turnover | 0.00 | 0.00 | 0.00 |
| Fixed asset turnover | 0.00 | 0.00 | 0.00 |
| Equity turnover | 0.00 | 0.00 | 0.00 |
| Profitability ratios | |||
| EBITDA margin | % | % | % |
| Operating profit margin | % | % | % |
| Net profit margin | % | % | % |
| Other ratios | |||
| Dividends to the State | |||
| Dividends paid / net profit |
Expectations of the state
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
-13.9%
Number of employees
1
Financial data provided as at end-December 2022
Management
- Robertas VyšniauskasChief Executive Officer
Information as of: 2023/11/03
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Šarūnas RuzgysIndependent member, Finora Bank UAB
MEMBERS OF THE BOARD OF DIRECTORS
- Jonas BložėZETA LAW; Independent member
- Marius AlubeckasMinistry of Finance
Information as of: 2023/11/03
