Viešųjų investicijų plėtros agentūra
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% |
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 |
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 |
| 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 |
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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
- Share belonging to the State100%
Return to the State
206 EUR thousand
ROE
3.7%
Number of employees
55
Financial data provided as at end-December 2019
