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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

Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin
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

Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities
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
Capital return ratios
Return on assets (ROA) 3%
Return on equity (ROE) 3%
Return on capital employed (ROCE) 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 17.15
Quick ratio 16.83
Turnover ratios
Asset turnover 0.52
Fixed asset turnover 0.87
Equity turnover 0.56
Profitability ratios
EBITDA margin 17%
Operating profit margin 5%
Net profit margin 6%
Other ratios
Dividends to the State 310.50
Dividends paid / net profit 1.59
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 undefined

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/
ROE

%

Financial data provided as at end-December 2021