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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

VĮ 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.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 206 231 248
Cost of goods sold 316 668 757 650
Gross profit (loss) -316 -462 -525 -402
Gross profit margin % -224% -227% %
Operating expenses 124 28 184
Operating profit (loss) -316 -586 -554 -585
Operating profit margin % -284% -239% -236%
EBITDA 93 22 89 -50
EBITDA margin % 11% 39% -20%
Net profit (loss) -230 -576 -537 -686
Net profit margin % -280% -232% -277%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 86 111
Cost of goods sold 43 275 323 332
Gross profit (loss) -43 -275 -237 -221
Gross profit margin % % -277% -199%
Operating expenses 161 347
Operating profit (loss) -43 -275 -398 -568
Operating profit margin % % -465% -511%
EBITDA 35 38 -180 -236
EBITDA margin % % -210% -212%
Net profit (loss) -503 -569
Net profit margin % % -587% -512%

* Left axis

** Right axis

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

Balance sheet

2016 2017 2018 2019
Non-current assets 26,055 28,070 26,937 25,775
Intangible assets
Tangible assets 26,055 28,070 26,937 25,775
Financial assets
Other non-current assets
Biological assets
Current assets 1,165 76 188 272
Inventories and prepaid expenses 1,039 14 19 95
Accounts receivable in one year 81 42 77 153
Other current assets
Cash and cash equivalents 45 21 92 23
Total assets 27,221 28,146 27,129 26,052
Equity 16,841 17,115 19,610 18,866
Minority share of capital
Grants and subsidies 8,222 7,824 7,427 7,072
Liabilities 2,158 3,207 92 115
Financial liabilities 138 22
Long-term liabilities 138 22
Short-term liabilities 2,020 3,185 92 115
Equity and liabilities 27,221 28,146 27,129 26,052
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 27,643 27,550 26,296 25,254
Intangible assets
Tangible assets 27,643 27,550 26,296 25,254
Financial assets
Other non-current assets
Biological assets
Current assets 119 445 498 555
Inventories and prepaid expenses 32 46 45 87
Accounts receivable in one year 84 154 453 469
Other current assets 2 109
Cash and cash equivalents 1 136
Total assets 27,762 28,006 26,800 25,814
Equity 16,779 19,941 19,078 18,267
Minority share of capital
Grants and subsidies 8,023 7,760 7,247 6,897
Liabilities 2,960 304 475 650
Financial liabilities 63
Long-term liabilities 63
Short-term liabilities 2,897 304 475 650
Equity and liabilities 27,762 28,006 26,800 25,814

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

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) -1% -2% -2% -3%
Return on equity (ROE) -1% -3% -3% -3%
Return on capital employed (ROCE) -2% -5% -4% -5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.00
Current Ratio 0.58 0.02 2.05 2.36
Quick ratio 0.06 0.02 1.84 1.54
Turnover ratios
Asset turnover 0.01 0.01 0.01
Fixed asset turnover 0.01 0.01 0.01
Equity turnover 0.01 0.01 0.01
Profitability ratios
EBITDA margin % 11% 39% -20%
Operating profit margin % -284% -239% -236%
Net profit margin % -280% -232% -277%
Other ratios
Dividends to the State
Dividends paid / net profit

* Left axis

** Right axis

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

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) -2% -3% -3% -3%
Return on equity (ROE) -3% -4% -4% -4%
Return on capital employed (ROCE) -5% -2% -4% -5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.01
Current Ratio 0.02 1.46 1.05 0.85
Quick ratio 0.02 1.31 0.95 0.72
Turnover ratios
Asset turnover 0.01 0.00 0.00
Fixed asset turnover 0.01 0.00 0.00
Equity turnover 0.01 0.00 0.01
Profitability ratios
EBITDA margin 11% % -210% -212%
Operating profit margin -284% % -465% -511%
Net profit margin -280% % -587% -512%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

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

Target return on equity undefined

Letter of Expectations

About the company

  • Official nameVĮ Vidaus vandens kelių direkcija
  • Legal formState enterprise (VĮ)
  • Company code132090925
  • SectorTransport and Communications
  • Line of businessSupervision of inland waterways
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://vvkd.lt/
Return to the State

24 EUR thousand

ROE

-3.5%

Number of employees

80

Financial data provided as at end-December 2019