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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

2017 2018 2019 2020
Revenue 206 231 248 347
Cost of goods sold 668 757 650 678
Gross profit (loss) -462 -525 -402 -331
Gross profit margin -224% -227% -162% %
Operating expenses 124 28 184 301
Operating profit (loss) -586 -554 -585 -632
Operating profit margin -284% -239% -236% -182%
EBITDA 22 89 -50 2
EBITDA margin 11% 39% -20% 1%
Net profit (loss) -576 -537 -686 -638
Net profit margin -280% -232% -277% -184%
2018-06 2019-06 2020-06 2021-06
Revenue 67 86 111 356
Cost of goods sold 275 323 332 316
Gross profit (loss) -208 -237 -221 40
Gross profit margin % % -277% 11%
Operating expenses 31 161 347 201
Operating profit (loss) -239 -398 -568 -161
Operating profit margin % % -465% -45%
EBITDA -180 160
EBITDA margin % % -210% 45%
Net profit (loss) -240 -503 -569 -157
Net profit margin % % -587% -44%

* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 28,070 26,937 25,775 32,936
Intangible assets
Tangible assets 28,070 26,937 25,775 32,936
Financial assets
Other non-current assets
Current assets 76 188 272 372
Inventories and prepaid expenses 14 19 95 47
Accounts receivable in one year 42 77 153 267
Other current assets
Cash and cash equivalents 21 92 23 59
Total assets 28,146 27,129 26,052 33,311
Equity 17,115 19,610 18,866 18,171
Grants and subsidies 7,824 7,427 7,072 6,721
Liabilities 3,207 92 115 8,419
Financial liabilities 22
Long-term liabilities 22 6,903
Short-term liabilities 3,185 92 115 1,516
Equity and liabilities 28,146 27,129 26,052 33,311
2019-06 2020-06 2021-06
Non-current assets 26,296 25,254 33,225
Intangible assets
Tangible assets 26,296 25,254 33,225
Financial assets
Other non-current assets
Current assets 498 555 3,506
Inventories and prepaid expenses 45 87 46
Accounts receivable in one year 453 469 608
Other current assets
Cash and cash equivalents 2,853
Total assets 26,800 25,814 36,733
Equity 19,078 18,267 17,985
Grants and subsidies 7,247 6,897 6,546
Liabilities 475 650 12,202
Financial liabilities 27 98
Long-term liabilities 9,542
Short-term liabilities
Equity and liabilities 26,800 25,814 36,733

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

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) -2% -3% -2%
Return on equity (ROE) -3% -3% -3%
Return on capital employed (ROCE) -4% -5% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.05 2.36 0.25
Quick ratio 1.84 1.54 0.21
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 0.02
Profitability ratios
EBITDA margin 39% -20% 1%
Operating profit margin -239% -236% -182%
Net profit margin -232% -277% -184%
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

2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % -1%
Return on equity (ROE) % % -1%
Return on capital employed (ROCE) -2% -4% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01
Current Ratio
Quick ratio
Turnover ratios
Asset turnover 0.01 0.00 0.01
Fixed asset turnover 0.01 0.00 0.01
Equity turnover 0.01 0.01 0.02
Profitability ratios
EBITDA margin % -210% 45%
Operating profit margin % -465% -45%
Net profit margin % -587% -44%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

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

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 obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://vvkd.lt/
Return to the State

17 EUR thousand

ROE

-3.4%

Number of employees

78

Financial data provided as at end-December 2020

Management

  • Vladimiras VinokurovasDirector General

Information as of: 2021/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Evaldas TamelisUAB Instracts; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Manfred SeitzTethys Consulting GmbH; Independent member
  • Indrė BernotaitėMinistry of Transport and Communications
  • Justinas JarusevičiusLaw firm Motieka & Audzevičius; Independent member
  • Reinhard VorderwinklerIndependent member

Information as of: 2021/10/01