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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Vidaus vandens kelių direkcija operates since 1990. The main task of the company is to supervise and operate the inland waterways, regulate the river beds whit hydrotechnical structures, expand the Lithuanian inland waterway network and the inland waterway infrastructure ,also to construct and repair ships.

         2022/23 GOOD CORPORATE GOVERNANCE INDEX

              

         2021/22 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 2022 2023
Revenue 347 957 1,271 1,658
Cost of goods sold 678 649 529 710
Gross profit (loss) -331 307 743 948
Gross profit margin -96% 32% 58% 57%
Operating expenses 102 173 511 185
Operating profit (loss) -632 -566 -485 20
Operating profit margin -182% -59% -38% 1%
EBITDA 2 54 35 379
EBITDA margin 1% 6% 3% 23%
Net profit (loss) -638 -569 -491 32
Net profit margin -184% -60% -39% 2%
2020-06 2021-06 2022-06 2023-06
Revenue 111 356 515 1,019
Cost of goods sold 332 316 319 184
Gross profit (loss) -221 40 196 835
Gross profit margin -199% 11% 38% 82%
Operating expenses 88 40 219 66
Operating profit (loss) -568 -161 -782 241
Operating profit margin -511% -45% -152% 24%
EBITDA -236 160 -463 425
EBITDA margin -212% 45% -90% 42%
Net profit (loss) -569 -157 -793 239
Net profit margin -512% -44% -154% 23%

* Left axis

** Right axis

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

Balance sheet

2020 2021 2022 2023
Non-current assets 32,936 37,960 35,250 38,297
Intangible assets 10 7
Tangible assets 32,936 37,960 35,240 38,290
Financial assets
Other non-current assets
Current assets 372 1,326 2,614 2,231
Inventories and prepaid expenses 47 51 275 88
Accounts receivable in one year 267 284 325 1,121
Other current assets
Cash and cash equivalents 59 991 2,015 1,021
Total assets 33,311 39,290 37,870 40,539
Equity 18,171 17,544 8,181 8,213
Grants and subsidies 6,721 6,371 6,173 6,129
Liabilities 8,419 15,334 23,517 26,197
Financial liabilities 0 0 0 0
Long-term liabilities 6,903 10,749
Short-term liabilities 1,516 4,585 23,517 26,197
Equity and liabilities 33,311 39,290 37,870 40,539
2020-06 2021-06 2022-06 2023-06
Non-current assets 25,254 33,225 40,242 37,891
Intangible assets 0 0 0 9
Tangible assets 25,254 33,225 40,242 37,883
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Current assets 555 3,506 1,065 1,948
Inventories and prepaid expenses 87 46 166 78
Accounts receivable in one year 469 608 451 973
Other current assets 0 0 0 0
Cash and cash equivalents 0 2,853 447 630
Total assets 25,814 36,733 41,308 39,842
Equity 18,267 17,985 16,632 8,420
Grants and subsidies 6,897 6,546 6,195 6,151
Liabilities 650 12,202 18,440 25,271
Financial liabilities 98 0 0 0
Long-term liabilities 0 9,542 12,485 0
Short-term liabilities 650 2,660 5,955 25,271
Equity and liabilities 25,814 36,733 41,308 39,842

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

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) -2% -2% -1% 0%
Return on equity (ROE) -3% -3% -4% 0%
Return on capital employed (ROCE) -3% -2% -6% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.25 0.29 0.11 0.09
Quick ratio 0.21 0.28 0.10 0.08
Turnover ratios
Asset turnover 0.01 0.02 0.03 0.04
Fixed asset turnover 0.01 0.03 0.04 0.04
Equity turnover 0.02 0.05 0.16 0.20
Profitability ratios
EBITDA margin 1% 6% 3% 23%
Operating profit margin -182% -59% -38% 1%
Net profit margin -184% -60% -39% 2%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* Left axis

** Right axis

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

2020-06 2021-06 2022-06 2023-06
Capital return ratios
Return on assets (ROA) -3% -1% -3% 1%
Return on equity (ROE) -4% -1% -7% 4%
Return on capital employed (ROCE) -3% -1% -3% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.85 1.32 0.18 0.08
Quick ratio 0.72 1.30 0.15 0.07
Turnover ratios
Asset turnover 0.00 0.01 0.01 0.03
Fixed asset turnover 0.00 0.01 0.01 0.03
Equity turnover 0.01 0.02 0.03 0.12
Profitability ratios
EBITDA margin -212% 45% -90% 42%
Operating profit margin -511% -45% -152% 24%
Net profit margin -512% -44% -154% 23%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2022 m. 6 mėn. tarpinės ataskaitos 2022 m. metinės ataskaitos
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. 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. 9 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos
2012 m. metinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos 2011m. 6 mėn. tarpinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Key performance indicator
Letter of Expectations

About the company

  • Official nameAB Vidaus vandens kelių direkcija
  • Legal formPublic limited liability company (AB)
  • Company code132090925
  • SectorTransport and Communications
  • Line of businessSupervision of inland waterways
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://vvkd.lt/
ROE

0.4%

Number of employees

78

Financial data provided as at end-December 2023

Management

  • Vladimiras VinokurovasChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Jurgita Šilinskaitė-VenslovienėIndependent member; AB „KN Energies“

MEMBERS OF THE BOARD OF DIRECTORS

  • Manfred SeitzIndependent member
  • Jurgita RimkuvienėMinistry of Transport and Communications

Information as of: 2024/06/03

VMU
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TB
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IAE
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