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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

UAB „Viešųjų investicijų plėtros agentūra“ (VIPA) was established in november 2012 and started its activities in april 2013. The company provides financial services, implements and manages financial instruments for the modernisation and development of public sector investment, public infrastructure and public services.

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 1,772 1,671 1,629 2,241
Cost of goods sold 625 624 717 769
Gross profit (loss) 1,148 1,047 912 1,472
Gross profit margin 65% 63% 56% 66%
Operating expenses 647 837 902 1,220
Operating profit (loss) 501 210 10 252
Operating profit margin 28% 13% 1% 11%
EBITDA 574 371 150 449
EBITDA margin 32% 22% 9% 20%
Net profit (loss) 424 235 70 258
Net profit margin 24% 14% 4% 12%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 802 792 971 1,443
Cost of goods sold 350 293 340 505
Gross profit (loss) 453 499 631 938
Gross profit margin 56% 63% 65% 65%
Operating expenses 300 416 560 591
Operating profit (loss) 153 82 71 347
Operating profit margin 19% 10% 7% 24%
EBITDA 271 174 111 436
EBITDA margin 34% 22% 11% 30%
Net profit (loss) 26 20 89 311
Net profit margin 19% 15% 9% 22%

* Left axis

** Right axis

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

Balance sheet

2016 2017 2018 2019
Non-current assets 28,456 324 321 547
Intangible assets 106 271 268 484
Tangible assets 74 48 43 49
Financial assets 28,275 6 10 14
Other non-current assets
Biological assets
Current assets 10,174 2,881 11,523 11,409
Inventories and prepaid expenses 70 12 14 10
Accounts receivable in one year 3,409 588 564 876
Other current assets 1,000 1,000 10,000
Cash and cash equivalents 6,694 1,282 9,945 523
Total assets 38,639 3,213 11,854 11,971
Equity 3,098 3,045 2,567 11,545
Minority share of capital
Grants and subsidies
Liabilities 35,541 164 9,264 422
Financial liabilities 35,382
Long-term liabilities 33,864 97
Short-term liabilities 1,660 151 9,259 321
Equity and liabilities 38,639 3,213 11,854 11,971
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 147 302 322 4,168
Intangible assets 88 249 254 284
Tangible assets 59 53 57 205
Financial assets 3,665
Other non-current assets 10 14
Biological assets
Current assets 3,095 2,419 11,278 8,203
Inventories and prepaid expenses 68 17 5
Accounts receivable in one year 2,718 620 795 1,067
Other current assets 2 1,000 10,000 5,799
Cash and cash equivalents 307 781 478 1,337
Total assets 3,242 2,721 11,605 12,384
Equity 2,941 2,570 11,376 11,856
Minority share of capital
Grants and subsidies
Liabilities 301 150 229 492
Financial liabilities
Long-term liabilities 99
Short-term liabilities 301 150 224 388
Equity and liabilities 3,242 2,721 11,605 12,384

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

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 1% 1% 1% 2%
Return on equity (ROE) 21% 8% 2% 4%
Return on capital employed (ROCE) 3% 18% 6% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 11.42
Current Ratio 6.13 19.06 1.24 35.56
Quick ratio 6.09 18.98 1.24 35.53
Turnover ratios
Asset turnover 0.04 0.08 0.22 0.19
Fixed asset turnover 0.06 0.12 5.05 5.16
Equity turnover 0.89 0.54 0.58 0.32
Profitability ratios
EBITDA margin 32% 22% 9% 20%
Operating profit margin 28% 13% 1% 11%
Net profit margin 24% 14% 4% 12%
Other ratios
Dividends to the State 254.56 572.10 266.50 205.75
Dividends paid / net profit 0.60 2.43 3.83 0.80

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 1% 7% 1% 4%
Return on equity (ROE) 8% 7% 1% 4%
Return on capital employed (ROCE) 18% 11% 1% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 19.06 16.08 50.26 21.12
Quick ratio 18.98 15.96 50.24 21.12
Turnover ratios
Asset turnover 0.08 0.27 0.14 0.12
Fixed asset turnover 0.12 3.53 3.11 0.64
Equity turnover 0.54 0.29 0.14 0.12
Profitability ratios
EBITDA margin 22% 22% 11% 30%
Operating profit margin 13% 10% 7% 24%
Net profit margin 14% 15% 9% 22%
Other ratios
Dividends to the State 572.10
Dividends paid / net profit 2.43

Financial statments

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. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
2015 m. metinės ataskaitos 2015 m. 9 mėn. tarpinės ataskaitos 2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos 2014 m. 9 mėn. tarpinės ataskaitos 2014 m. 6 mėn. tarpinės ataskaitos 2014 m. 3 mėn. tarpinės ataskaitos
2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.vipa.lt/
Return to the State

206 EUR thousand

ROE

3.7%

Number of employees

55

Financial data provided as at end-December 2019

Management

  • Gvidas DargužasDirector General

Information as of: 2021/01/01

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
  • Kristina VaskelienėUAB Viešųjų investicijų plėtros agentūra

Information as of: 2021/01/01

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Arūnas ČiuladaUAB Synergy finance; Independent member

SUPERVISORY BOARD MEMBERS

  • Lina LiubauskaitėOffice of the Government
  • Raimondas RapkevičiusUAB Alna; Independent member
  • Vaidotas DirmeikisJSC Lietuvos geležinkeliai​; Independent member

Information as of: 2021/01/01