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Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

“Vilniaus metrologijos centras” was established in 1991 and transformed into a public limited company in 2011. The Centre carry out the initial and periodic inspection of the measuring instruments assigned to legal metrology, carries out test on measuring instruments, calibrate those instruments.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 3,306 3,370 3,486 3,501
Cost of goods sold 2,007 2,013 2,206 2,396
Gross profit (loss) 1,299 1,357 1,280 1,105
Gross profit margin 39% 40% 37% 32%
Operating expenses 840 1,183 864 995
Operating profit (loss) 459 174 416 110
Operating profit margin 14% 5% 12% 3%
EBITDA 806 557 762 482
EBITDA margin 24% 17% 22% 14%
Net profit (loss) 461 195 409 211
Net profit margin 14% 6% 12% 6%
2018-06 2019-06 2020-06 2021-06
Revenue 1,690 1,754 1,758 1,669
Cost of goods sold 1,021 1,098 1,203 962
Gross profit (loss) 669 657 555 707
Gross profit margin % % 37% 42%
Operating expenses 482 392 522 611
Operating profit (loss) 187 264 33 97
Operating profit margin % % 15% 6%
EBITDA 448 240
EBITDA margin % % 26% 14%
Net profit (loss) 183 252 91 83
Net profit margin % % 14% 5%

Balance sheet

2017 2018 2019 2020
Non-current assets 3,563 4,153 4,109 3,458
Intangible assets 21 23 57 134
Tangible assets 3,542 4,090 4,038 3,300
Financial assets
Other non-current assets 39 15 24
Current assets 2,410 2,739 2,948 1,993
Inventories and prepaid expenses 61 51 29 80
Accounts receivable in one year 310 242 331 303
Other current assets
Cash and cash equivalents 2,039 2,446 2,588 1,610
Total assets 6,015 6,929 7,102 5,493
Equity 5,667 6,346 6,445 4,848
Grants and subsidies 2
Liabilities 347 583 655 641
Financial liabilities
Long-term liabilities
Short-term liabilities 189 160 297 424
Equity and liabilities 6,015 6,929 7,102 5,493
2019-06 2020-06 2021-06
Non-current assets 4,106 3,613 3,408
Intangible assets 36 72 172
Tangible assets 4,031 3,510 3,196
Financial assets 11
Other non-current assets 39 31 28
Current assets 2,940 3,429 1,741
Inventories and prepaid expenses 38 38 52
Accounts receivable in one year 416 498 438
Other current assets
Cash and cash equivalents 2,486 2,893 1,252
Total assets 7,081 7,130 5,191
Equity 6,288 6,229 4,498
Grants and subsidies
Liabilities 793 901 689
Financial liabilities 81
Long-term liabilities
Short-term liabilities
Equity and liabilities 7,081 7,130 5,191

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 3% 6% 3%
Return on equity (ROE) 3% 6% 4%
Return on capital employed (ROCE) 8% 14% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 17.15 9.94 4.70
Quick ratio 16.83 9.85 4.51
Turnover ratios
Asset turnover 0.52 0.50 0.56
Fixed asset turnover 0.87 0.84 0.93
Equity turnover 0.56 0.55 0.62
Profitability ratios
EBITDA margin 17% 22% 14%
Operating profit margin 5% 12% 3%
Net profit margin 6% 12% 6%
Other ratios
Dividends to the State 310.50 306.80 432.40
Dividends paid / net profit 1.59 0.75 2.05
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % 3%
Return on equity (ROE) % % 4%
Return on capital employed (ROCE) -4% 9% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02
Current Ratio
Quick ratio
Turnover ratios
Asset turnover 0.50 0.25 0.27
Fixed asset turnover 0.85 0.46 0.48
Equity turnover 0.56 0.28 0.31
Profitability ratios
EBITDA margin % 26% 14%
Operating profit margin % 15% 6%
Net profit margin % 14% 5%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity

7.8%

About the company

  • Official nameAB Vilniaus metrologijos centras
  • Legal formPublic limited liability company (AB)
  • Company code120229395
  • SectorOther
  • Line of businessAnalysis, calibration and testing of measurement devices
  • Institution representing the StateProperty bank
  • Share belonging to the State100%
http://www.vmc.lt/
Return to the State

432 EUR thousand

ROE

3.7%

Number of employees

104

Financial data provided as at end-December 2020