Vidaus vandens kelių direkcija
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.
2024/25 GOOD CORPORATE GOVERNANCE INDEX
SK – Transparency Dimension
SV – Strategic Management Dimension
TV – Sustainability Dimension
AV – Shareholder Actions Dimension
GI – Good Governance Indicator
Financial results
P/L Statment
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue | 1,271 | 1,658 | 1,851 | 2,345 |
| Cost of goods sold | 529 | 710 | 926 | 1,565 |
| Gross profit (loss) | 743 | 948 | 924 | 780 |
| Gross profit margin | 58% | 57% | 50% | 33% |
| Operating expenses | 511 | 185 | 307 | 389 |
| Operating profit (loss) | -485 | 20 | -215 | -283 |
| Operating profit margin | -38% | 1% | -12% | -12% |
| EBITDA | 35 | 392 | 425 | 188 |
| EBITDA margin | 3% | 24% | 23% | 8% |
| Net profit (loss) | -491 | 32 | 9 | -333 |
| Net profit margin | -39% | 2% | 0% | -14% |
| 2022-06 | 2023-06 | 2024-06 | 2025-06 | |
|---|---|---|---|---|
| Revenue | 515 | 1,019 | 712 | 1,258 |
| Cost of goods sold | 319 | 184 | 271 | 862 |
| Gross profit (loss) | 196 | 835 | 442 | 397 |
| Gross profit margin | 38% | 82% | 62% | 32% |
| Operating expenses | 219 | 66 | 244 | 132 |
| Operating profit (loss) | -782 | 241 | -347 | -106 |
| Operating profit margin | -152% | 24% | -49% | -8% |
| EBITDA | -463 | 425 | 0 | 102 |
| EBITDA margin | -90% | 42% | -0% | 8% |
| Net profit (loss) | -769 | 239 | -190 | -141 |
| Net profit margin | -149% | 23% | -27% | -11% |
Balance sheet
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Non-current assets | 35,250 | 38,297 | 40,185 | 45,467 |
| Intangible assets | 10 | 7 | 4 | 0 |
| Tangible assets | 35,240 | 38,290 | 40,181 | 45,467 |
| Financial assets | ||||
| Other non-current assets | 35,250 | 38,297 | 40,185 | 45,467 |
| Current assets | 2,614 | 2,231 | 1,734 | 2,671 |
| Inventories and prepaid expenses | 275 | 88 | 587 | 654 |
| Accounts receivable in one year | 325 | 1,121 | 1,080 | 367 |
| Other current assets | 0 | 0 | 0 | |
| Cash and cash equivalents | 2,015 | 1,021 | 68 | 1,650 |
| Total assets | 37,870 | 40,539 | 41,928 | 48,145 |
| Equity | 8,181 | 8,213 | 7,825 | 7,492 |
| Grants and subsidies | 6,173 | 6,129 | 6,079 | 11,829 |
| Liabilities | 23,517 | 26,197 | 28,023 | 28,823 |
| Financial liabilities | 0 | 0 | 1,239 | 1,584 |
| Long-term liabilities | 1,239 | 1,584 | ||
| Short-term liabilities | 23,517 | 26,197 | 26,784 | 27,239 |
| Equity and liabilities | 37,870 | 40,539 | 41,928 | 48,145 |
| 2022-06 | 2023-06 | 2024-06 | 2025-06 | |
|---|---|---|---|---|
| Non-current assets | 40,242 | 37,891 | 39,369 | 41,813 |
| Intangible assets | 0 | 9 | 5 | 2 |
| Tangible assets | 40,242 | 37,883 | 39,364 | 41,811 |
| Financial assets | 0 | 0 | 0 | 0 |
| Other non-current assets | 0 | 0 | 0 | 0 |
| Current assets | 1,065 | 1,948 | 1,362 | 1,568 |
| Inventories and prepaid expenses | 166 | 78 | 259 | 337 |
| Accounts receivable in one year | 451 | 973 | 799 | 1,213 |
| Other current assets | 0 | 0 | 0 | 0 |
| Cash and cash equivalents | 447 | 630 | 304 | 17 |
| Total assets | 41,308 | 39,842 | 40,732 | 43,386 |
| Equity | 16,632 | 8,420 | 8,023 | 7,685 |
| Grants and subsidies | 6,195 | 6,151 | 6,109 | 7,418 |
| Liabilities | 18,440 | 25,271 | 26,599 | 28,283 |
| Financial liabilities | 0 | 0 | 135 | 1,996 |
| Long-term liabilities | 12,485 | 0 | 123 | 1,985 |
| Short-term liabilities | 5,955 | 25,271 | 26,476 | 26,299 |
| Equity and liabilities | 41,308 | 39,842 | 40,732 | 43,386 |
Financial ratios
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -1% | 0% | 0% | -1% |
| Return on equity (ROE) | -4% | 0% | 0% | -4% |
| Return on capital employed (ROCE) | -6% | 0% | -2% | -3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.03 | 0.03 |
| Current Ratio | 0.11 | 0.09 | 0.06 | 0.10 |
| Quick ratio | 0.10 | 0.08 | 0.04 | 0.07 |
| Turnover ratios | ||||
| Asset turnover | 0.03 | 0.04 | 0.04 | 0.05 |
| Fixed asset turnover | 0.04 | 0.04 | 0.05 | 0.05 |
| Equity turnover | 0.16 | 0.20 | 0.24 | 0.31 |
| Profitability ratios | ||||
| EBITDA margin | 3% | 24% | 23% | 8% |
| Operating profit margin | -38% | 1% | -12% | -12% |
| Net profit margin | -39% | 2% | 0% | -14% |
| 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 |
| 2022-06 | 2023-06 | 2024-06 | 2025-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -3% | 1% | -1% | 0% |
| Return on equity (ROE) | -7% | 4% | -5% | 1% |
| Return on capital employed (ROCE) | -3% | 3% | -4% | -1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.05 |
| Current Ratio | 0.18 | 0.08 | 0.05 | 0.06 |
| Quick ratio | 0.15 | 0.07 | 0.04 | 0.05 |
| Turnover ratios | ||||
| Asset turnover | 0.01 | 0.03 | 0.02 | 0.03 |
| Fixed asset turnover | 0.01 | 0.03 | 0.02 | 0.03 |
| Equity turnover | 0.03 | 0.12 | 0.09 | 0.16 |
| Profitability ratios | ||||
| EBITDA margin | -90% | 42% | -0% | 8% |
| Operating profit margin | -152% | 24% | -49% | -8% |
| Net profit margin | -149% | 23% | -27% | -11% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
Financial statments
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
Expectations of the state
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%
- Contacts http://vvkd.lt/
ROE
-0.7%
Number of employees
74
Financial data provided as at end-December 2024
Management
- L.e.p. Gediminas VasiliauskasActing Chief Executive officer
The information is relevant
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Jurgita Šilinskaitė-VenslovienėIndependent member
MEMBERS OF THE BOARD OF DIRECTORS
- Manfred SeitzIndependent member
- Jurgita RimkuvienėMinistry of Transport and Communications
- Vilma SkrypnikovaitėIndependent member
Term of office expires: 2026/08/26
The information is relevant
