Viešųjų investicijų plėtros agentūra

UAB Viešųjų investicijų plėtros agentūra (VIPA), a financial institution operating since 2013 and owned by UAB Investicijų ir verslo garantijos, has the status of a National Development Institution (NDI) and promotes long-term and sustainable investments in areas of strategic importance to Lithuania, where there is a lack of financing. VIPA provides, implements and manages financial instruments for public sector investment, modernisation of public infrastructure and public services.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Average annual EBITDA:
- 2022–2024 ≥ 1,1 ml. Eur
- Capital adequacy:
- 2022–2024 ≥ 20 percent.
- 2022–2024 ≥ 20 percent.
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024
- Percentage of completed projects that have achieved the objectives of the program / financial instruments / measures:
- 2022-2024 ≥ 95
- Satisfaction of customer applicants and partners with the quality of provided services,%:
- 2022-2024 ≥ 85
- Voluntary staff turnover after probation,%:
- 2022-2024 ≤ 17
- Funds mobilized for the development of incentive financial instruments in areas where there is a market failure, ml. EUR on an accrual basis:
- 2022 – 810
- 2023 – 850
- 2024 – 900
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
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Revenue | 2,241 | 3,158 | 4,088 | 4,944 |
Cost of goods sold | 769 | 903 | 1,354 | 1,774 |
Gross profit (loss) | 1,472 | 2,255 | 2,733 | 3,169 |
Gross profit margin | 66% | 71% | 67% | 64% |
Operating expenses | 1,220 | 1,434 | 1,788 | 2,385 |
Operating profit (loss) | 252 | 821 | 945 | 785 |
Operating profit margin | 11% | 26% | 23% | 16% |
EBITDA | 449 | 1,029 | 1,201 | 1,366 |
EBITDA margin | 20% | 33% | 29% | 28% |
Net profit (loss) | 258 | 776 | 839 | 762 |
Net profit margin | 12% | 25% | 21% | 15% |
2019-06 | 2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|---|
Revenue | 971 | 1,443 | 1,886 | 2,435 |
Cost of goods sold | 340 | 505 | 550 | 809 |
Gross profit (loss) | 631 | 938 | 1,336 | 1,626 |
Gross profit margin | % | % | % | % |
Operating expenses | 560 | 591 | 690 | 947 |
Operating profit (loss) | 71 | 347 | 647 | 679 |
Operating profit margin | % | % | % | % |
EBITDA | 111 | 436 | 748 | 970 |
EBITDA margin | 11% | 30% | 40% | 40% |
Net profit (loss) | 89 | 311 | 561 | 616 |
Net profit margin | 9% | 22% | 30% | 25% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 547 | 4,333 | 14,956 | 17,417 |
Intangible assets | 287 | 301 | 827 | 917 |
Tangible assets | 49 | 49 | 86 | 109 |
Financial assets | 0 | 3,864 | 13,772 | 16,200 |
Other non-current assets | 210 | 119 | 270 | 191 |
Current assets | 11,409 | 9,265 | 18,912 | 15,822 |
Inventories and prepaid expenses | 0 | 0 | 0 | |
Accounts receivable in one year | 886 | 1,563 | 2,431 | 4,733 |
Other current assets | 10,000 | 1,499 | 0 | 5,500 |
Cash and cash equivalents | 523 | 6,203 | 16,481 | 5,589 |
Total assets | 11,971 | 13,620 | 33,942 | 33,309 |
Equity | 11,545 | 12,116 | 32,393 | 32,431 |
Grants and subsidies | ||||
Liabilities | 418 | 1,460 | 1,192 | 452 |
Financial liabilities | 0 | 101 | 243 | 154 |
Long-term liabilities | 97 | 0 | 127 | 13 |
Short-term liabilities | 321 | 1,460 | 1,065 | 439 |
Equity and liabilities | 11,971 | 13,620 | 33,942 | 33,309 |
2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|
Non-current assets | 4,168 | 10,790 | 16,503 |
Intangible assets | 284 | 323 | 848 |
Tangible assets | 205 | 67 | 86 |
Financial assets | 3,665 | 10,288 | 15,347 |
Other non-current assets | 14 | 112 | 223 |
Current assets | 8,203 | 3,424 | 17,790 |
Inventories and prepaid expenses | |||
Accounts receivable in one year | 1,067 | 1,962 | 2,308 |
Other current assets | 5,799 | ||
Cash and cash equivalents | 1,337 | 1,462 | 15,483 |
Total assets | 12,384 | 14,238 | 34,344 |
Equity | 11,856 | 13,677 | 32,284 |
Grants and subsidies | |||
Liabilities | 492 | 539 | 1,960 |
Financial liabilities | |||
Long-term liabilities | 99 | 30 | 69 |
Short-term liabilities | 388 | 504 | 1,879 |
Equity and liabilities | 12,384 | 14,238 | 34,344 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 2% | 6% | 4% | 2% |
Return on equity (ROE) | 4% | 7% | 4% | 2% |
Return on capital employed (ROCE) | 2% | 7% | 3% | 2% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.00 | 0.01 | 0.01 | 0.00 |
Current Ratio | 35.55 | 6.35 | 17.75 | 36.06 |
Quick ratio | 35.55 | 6.35 | 17.75 | 36.06 |
Turnover ratios | ||||
Asset turnover | 0.19 | 0.23 | 0.12 | 0.15 |
Fixed asset turnover | 4.10 | 0.73 | 0.27 | 0.28 |
Equity turnover | 0.19 | 0.26 | 0.13 | 0.15 |
Profitability ratios | ||||
EBITDA margin | 20% | 33% | 29% | 28% |
Operating profit margin | 11% | 26% | 23% | 16% |
Net profit margin | 12% | 25% | 21% | 15% |
Other ratios | ||||
Dividends to the State | 205.75 | 562.60 | 719.98 | 982.46 |
Dividends paid / net profit | 0.80 | 0.72 | 0.86 | 1.29 |
2019-06 | 2020-06 | 2021-06 | 2022-06 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 2% | % | 4% | 4% |
Return on equity (ROE) | 4% | % | 5% | 4% |
Return on capital employed (ROCE) | 5% | 6% | 10% | 5% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | ||||
Current Ratio | 35.55 | 21.12 | 6.80 | 9.47 |
Quick ratio | 35.55 | 21.12 | 6.80 | 9.47 |
Turnover ratios | ||||
Asset turnover | 0.19 | 0.23 | 0.14 | 0.10 |
Fixed asset turnover | 5.16 | 0.69 | 0.25 | 0.18 |
Equity turnover | 0.32 | 0.24 | 0.15 | 0.11 |
Profitability ratios | ||||
EBITDA margin | 20% | 30% | 40% | 40% |
Operating profit margin | 11% | % | % | % |
Net profit margin | 12% | 22% | 30% | 25% |
Other ratios | ||||
Dividends to the State | 205.80 | |||
Dividends paid / net profit | 0.80 |
Expectations of the state
Target return on equity undefined
About the company
- Official nameUAB Viešųjų investicijų plėtros agentūra
- Legal formPrivate limited liability company (UAB)
- Company code303039520
- SectorOther
- Line of businessOffers financial services for public sector intestments
- Institution representing the StateLithuanian Postal Group
- Special obligationsPerformes non-commercial special obligations
- Share belonging to the State100%
Return to the State
982 EUR thousand
ROE
2.4%
Number of employees
77
Financial data provided as at end-December 2022