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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

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%

* Left axis

** Right axis

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

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

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

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

* Left axis

** Right axis

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

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

Financial statments

2020 m. 6 mėn. tarpinės ataskaitos 2020 m. metinės ataskaitos
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 obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.vipa.lt/
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: 2021/10/01

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
  • Ramunė KandzežauskienėUAB Viešųjų investicijų plėtros agentūra

Information as of: 2021/10/01