Viešųjų investicijų plėtros agentūra

UAB Viešųjų investicijų plėtros agentūra (VIPA), a private joint stock company established by the Ministry of Finance of the Republic of Lithuania since 2013. VIPA is a financial institution with the status of a National Development Institution (NDI), promotes long-term and sustainable investments in the 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.
Financial results
P/L Statment
2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|
Revenue | 1,671 | 1,629 | 2,241 | 3,158 |
Cost of goods sold | 624 | 717 | 769 | 903 |
Gross profit (loss) | 1,047 | 912 | 1,472 | 2,255 |
Gross profit margin | 63% | 56% | 66% | 71% |
Operating expenses | 837 | 902 | 1,220 | 1,434 |
Operating profit (loss) | 210 | 10 | 252 | 821 |
Operating profit margin | 13% | 1% | 11% | 26% |
EBITDA | 371 | 150 | 449 | 1,029 |
EBITDA margin | 22% | 9% | 20% | 33% |
Net profit (loss) | 235 | 70 | 258 | 776 |
Net profit margin | 14% | 4% | 12% | 25% |
2018-06 | 2019-06 | 2020-06 | 2021-06 | |
---|---|---|---|---|
Revenue | 795 | 971 | 1,443 | 1,886 |
Cost of goods sold | 293 | 340 | 505 | 550 |
Gross profit (loss) | 502 | 631 | 938 | 1,336 |
Gross profit margin | % | % | 65% | 71% |
Operating expenses | 415 | 560 | 591 | 690 |
Operating profit (loss) | 87 | 71 | 347 | 647 |
Operating profit margin | % | % | 7% | 34% |
EBITDA | 111 | 748 | ||
EBITDA margin | % | % | 11% | 40% |
Net profit (loss) | 118 | 89 | 311 | 561 |
Net profit margin | % | % | 9% | 30% |
Balance sheet
2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|
Non-current assets | 324 | 321 | 547 | 4,333 |
Intangible assets | 271 | 268 | 287 | 301 |
Tangible assets | 48 | 43 | 49 | 49 |
Financial assets | 6 | 10 | 0 | 3,864 |
Other non-current assets | 210 | 119 | ||
Current assets | 2,881 | 11,523 | 11,409 | 9,265 |
Inventories and prepaid expenses | 12 | 14 | ||
Accounts receivable in one year | 588 | 564 | 885 | 1,563 |
Other current assets | 1,000 | 1,000 | 10,000 | 1,499 |
Cash and cash equivalents | 1,282 | 9,945 | 523 | 6,203 |
Total assets | 3,213 | 11,854 | 11,971 | 13,620 |
Equity | 3,045 | 2,567 | 11,545 | 12,116 |
Grants and subsidies | ||||
Liabilities | 164 | 9,264 | 422 | 1,466 |
Financial liabilities | ||||
Long-term liabilities | 97 | 0 | ||
Short-term liabilities | 151 | 9,259 | 321 | 1,460 |
Equity and liabilities | 3,213 | 11,854 | 11,971 | 13,620 |
2019-06 | 2020-06 | 2021-06 | |
---|---|---|---|
Non-current assets | 322 | 4,168 | 10,790 |
Intangible assets | 254 | 284 | 323 |
Tangible assets | 57 | 205 | 67 |
Financial assets | 3,665 | 10,288 | |
Other non-current assets | 10 | 14 | 112 |
Current assets | 11,278 | 8,203 | 3,424 |
Inventories and prepaid expenses | 5 | ||
Accounts receivable in one year | 795 | 1,067 | 1,962 |
Other current assets | 10,000 | 5,799 | |
Cash and cash equivalents | 478 | 1,337 | 1,462 |
Total assets | 11,605 | 12,384 | 14,238 |
Equity | 11,376 | 11,856 | 13,677 |
Grants and subsidies | |||
Liabilities | 229 | 492 | 539 |
Financial liabilities | |||
Long-term liabilities | 99 | 30 | |
Short-term liabilities | |||
Equity and liabilities | 11,605 | 12,384 | 14,238 |
Financial ratios
2018 | 2019 | 2020 | |
---|---|---|---|
Capital return ratios | |||
Return on assets (ROA) | 1% | 2% | 6% |
Return on equity (ROE) | 2% | 4% | 7% |
Return on capital employed (ROCE) | 6% | 5% | 14% |
Capital structure and liquidity ratios | |||
Debt / asset ratio (D/A) | |||
Current Ratio | 1.24 | 35.55 | 6.35 |
Quick ratio | 1.24 | 35.55 | 6.35 |
Turnover ratios | |||
Asset turnover | 0.22 | 0.19 | 0.25 |
Fixed asset turnover | 5.05 | 5.16 | 1.29 |
Equity turnover | 0.58 | 0.32 | 0.27 |
Profitability ratios | |||
EBITDA margin | 9% | 20% | 33% |
Operating profit margin | 1% | 11% | 26% |
Net profit margin | 4% | 12% | 25% |
Other ratios | |||
Dividends to the State | 266.50 | 205.80 | 562.60 |
Dividends paid / net profit | 3.83 | 0.80 | 0.72 |
2019-06 | 2020-06 | 2021-06 | |
---|---|---|---|
Capital return ratios | |||
Return on assets (ROA) | % | % | 8% |
Return on equity (ROE) | % | % | 8% |
Return on capital employed (ROCE) | -0% | 0% | 9% |
Capital structure and liquidity ratios | |||
Debt / asset ratio (D/A) | |||
Current Ratio | |||
Quick ratio | |||
Turnover ratios | |||
Asset turnover | 0.17 | 0.12 | 0.14 |
Fixed asset turnover | 6.04 | 0.64 | 0.25 |
Equity turnover | 0.17 | 0.12 | 0.15 |
Profitability ratios | |||
EBITDA margin | % | 11% | 40% |
Operating profit margin | % | 7% | 34% |
Net profit margin | % | 9% | 30% |
Other ratios | |||
Dividends to the State | |||
Dividends paid / net profit |
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 StateMinistry of Finance
- Special obligationsPerformes non-commercial special obligations
- Share belonging to the State100%
Return to the State
563 EUR thousand
ROE
6.6%
Number of employees
62
Financial data provided as at end-December 2020
Management
- Gvidas DargužasDirector General
Information as of: 2022/05/01
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Gvidas DargužasUAB Viešųjų investicijų plėtros agentūra
MEMBERS OF THE BOARD OF DIRECTORS
- Raimonda LauraitytėUAB Viešųjų investicijų plėtros agentūra
- Mindaugas KyguolisKauno rajono savivaldybė
- Donatas VoverisUAB Viešųjų investicijų plėtros agentūra
Information as of: 2022/05/01
Supervisory board
CHAIRMAN OF THE SUPERVISORY BOARD
- Aurimas MaždžieriusMB Cargobike LT; Independent member
SUPERVISORY BOARD MEMBERS
- Kristina NavickienėUAB ATEA Baltic ; Independent member
- Lina LiubauskaitėOffice of the Government
- Irma PatapienėMinistry of Finance
Information as of: 2022/05/01