Vidaus vandens kelių direkcija
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.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Annual EBITDA:
- 2022 > 0,
- 2023–2024 ≥ 36 thousand Eur.
- Investment financing structure:
- 2022–2024 to finance ≥ 50% of investments with borrowed or EU funds.
- 2022–2024 to finance ≥ 50% of investments with borrowed or EU funds.
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024
- Income from commercial activities, thousand EUR:
- 2022 – 725
- 2023 – 750
- 2024 – 800
- Length of inland waterways, km:
- 2022 – 450
- 2023 – 455
- 2024 – 460
- Navigation time on the road E41, in days:
- 2022 – 227
- 2023 – 241
- 2024 – 265
- Fairway cleaning, thousand m3:
- 2022-2023 after 925
- 2024 m. – 950
- Satisfaction of inland water users,%:
- 2022 – 90
- 2023-2024 – 91
- Ensure average monthly depths,%:
- 2022-2023 – 70
- 2024 – 95 percent.
- Employees who have submitted proposals for the improvement of the Company’s operations, per cent from total number of employees:
- 2022 – 12
- 2023 – 14
- 2024 – 16
2021/22 GOOD CORPORATE GOVERNANCE INDEX
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
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 231 | 248 | 347 | 957 |
| Cost of goods sold | 757 | 650 | 678 | 649 |
| Gross profit (loss) | -525 | -402 | -331 | 307 |
| Gross profit margin | -227% | -162% | -96% | % |
| Operating expenses | 28 | 184 | 301 | 873 |
| Operating profit (loss) | -554 | -585 | -632 | -566 |
| Operating profit margin | -239% | -236% | -182% | -59% |
| EBITDA | 89 | -50 | 2 | 54 |
| EBITDA margin | 39% | -20% | 1% | 6% |
| Net profit (loss) | -537 | -686 | -638 | -569 |
| Net profit margin | -232% | -277% | -184% | -59% |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Revenue | 86 | 111 | 356 | 515 |
| Cost of goods sold | 323 | 332 | 316 | 319 |
| Gross profit (loss) | -237 | -221 | 40 | 196 |
| Gross profit margin | % | % | % | % |
| Operating expenses | 161 | 347 | 201 | 978 |
| Operating profit (loss) | -398 | -568 | -161 | -782 |
| Operating profit margin | % | % | % | % |
| EBITDA | -180 | -236 | 160 | -463 |
| EBITDA margin | -210% | -213% | 45% | -90% |
| Net profit (loss) | -503 | -569 | -157 | -793 |
| Net profit margin | -587% | -512% | -44% | -154% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 26,937 | 25,775 | 32,936 | 37,960 |
| Intangible assets | ||||
| Tangible assets | 26,937 | 25,775 | 32,936 | 37,960 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 188 | 272 | 372 | 1,326 |
| Inventories and prepaid expenses | 19 | 95 | 47 | 51 |
| Accounts receivable in one year | 77 | 153 | 267 | 284 |
| Other current assets | ||||
| Cash and cash equivalents | 92 | 23 | 59 | 991 |
| Total assets | 27,129 | 26,052 | 33,311 | 39,290 |
| Equity | 19,610 | 18,866 | 18,171 | 17,544 |
| Grants and subsidies | 7,427 | 7,072 | 6,721 | 6,371 |
| Liabilities | 92 | 115 | 8,419 | 15,334 |
| Financial liabilities | ||||
| Long-term liabilities | 6,903 | 10,749 | ||
| Short-term liabilities | 92 | 115 | 1,516 | 4,585 |
| Equity and liabilities | 27,129 | 26,052 | 33,311 | 39,290 |
| 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|
| Non-current assets | 25,254 | 33,225 | 40,242 |
| Intangible assets | |||
| Tangible assets | 25,254 | 33,225 | 40,242 |
| Financial assets | |||
| Other non-current assets | |||
| Current assets | 555 | 3,506 | 1,065 |
| Inventories and prepaid expenses | 87 | 46 | 166 |
| Accounts receivable in one year | 469 | 608 | 451 |
| Other current assets | |||
| Cash and cash equivalents | 2,853 | 447 | |
| Total assets | 25,814 | 36,733 | 41,308 |
| Equity | 18,267 | 17,985 | 16,632 |
| Grants and subsidies | 6,897 | 6,546 | 6,195 |
| Liabilities | 650 | 12,202 | 18,440 |
| Financial liabilities | 98 | ||
| Long-term liabilities | 9,542 | 12,485 | |
| Short-term liabilities | 650 | 2,660 | 5,955 |
| Equity and liabilities | 25,814 | 36,733 | 41,308 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -2% | -3% | -2% | -2% |
| Return on equity (ROE) | -3% | -3% | -3% | -3% |
| Return on capital employed (ROCE) | -4% | -5% | -4% | -3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | ||||
| Current Ratio | 2.05 | 2.36 | 0.25 | 0.29 |
| Quick ratio | 1.84 | 1.54 | 0.21 | 0.28 |
| Turnover ratios | ||||
| Asset turnover | 0.01 | 0.01 | 0.01 | 0.03 |
| Fixed asset turnover | 0.01 | 0.01 | 0.01 | 0.03 |
| Equity turnover | 0.01 | 0.01 | 0.02 | 0.05 |
| Profitability ratios | ||||
| EBITDA margin | 39% | -20% | 1% | 6% |
| Operating profit margin | -239% | -236% | -182% | -59% |
| Net profit margin | -232% | -277% | -184% | -59% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -3% | % | -1% | -3% |
| Return on equity (ROE) | -3% | % | -1% | -7% |
| Return on capital employed (ROCE) | -5% | -5% | -1% | -4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | ||||
| Current Ratio | 2.36 | 0.85 | 1.32 | 0.18 |
| Quick ratio | 1.54 | 0.72 | 1.30 | 0.15 |
| Turnover ratios | ||||
| Asset turnover | 0.01 | 0.01 | 0.01 | 0.01 |
| Fixed asset turnover | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity turnover | 0.01 | 0.01 | 0.02 | 0.03 |
| Profitability ratios | ||||
| EBITDA margin | -20% | -213% | 45% | -90% |
| Operating profit margin | -236% | % | % | % |
| Net profit margin | -277% | -512% | -44% | -154% |
| 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
Target return on equity undefined
About the company
- Official nameAB 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%
ROE
-6.9%
Number of employees
88
Financial data provided as at end-December 2021
Management
- Vladimiras VinokurovasDirector General
Information as of: 2023/01/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Evaldas Tamelis UAB Instracts direktorius; Independent member
MEMBERS OF THE BOARD OF DIRECTORS
- Manfred SeitzIndependent member
- Jurgita RimkuvienėMinistry of Transport and Communications
Information as of: 2023/01/01
