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Valdymo koordinavimo centras

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

2016 2017 2018 2019
Revenue 3,026 3,306 3,370 3,486
Cost of goods sold 1,977 2,007 2,013 2,206
Gross profit (loss) 1,049 1,299 1,357 1,280
Gross profit margin 35% 39% 40% 37%
Operating expenses 690 840 1,183 864
Operating profit (loss) 359 459 174 416
Operating profit margin 12% 14% 5% 12%
EBITDA 721 806 557 762
EBITDA margin 24% 24% 17% 22%
Net profit (loss) 387 461 195 409
Net profit margin 13% 14% 6% 12%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 1,642 1,690 1,754 1,758
Cost of goods sold 984 1,021 1,098 1,247
Gross profit (loss) 658 669 657 511
Gross profit margin 40% 40% 37% 29%
Operating expenses 400 482 392 478
Operating profit (loss) 258 187 264 33
Operating profit margin 16% 11% 15% 2%
EBITDA 426 367 448 240
EBITDA margin 26% 22% 26% 14%
Net profit (loss) 44 45 252 91
Net profit margin 16% 11% 14% 5%

Balance sheet

2016 2017 2018 2019
Non-current assets 3,317 3,563 4,153 4,109
Intangible assets 39 21 23 57
Tangible assets 3,278 3,542 4,090 4,038
Financial assets
Other non-current assets 39 15
Biological assets
Current assets 2,564 2,410 2,739 2,949
Inventories and prepaid expenses 45 61 51 29
Accounts receivable in one year 278 310 242 331
Other current assets
Cash and cash equivalents 2,242 2,039 2,446 2,588
Total assets 5,920 6,015 6,929 7,102
Equity 5,581 5,667 6,346 6,445
Minority share of capital
Grants and subsidies 7 2
Liabilities 333 347 583 655
Financial liabilities
Long-term liabilities
Short-term liabilities 189 189 160 296
Equity and liabilities 5,920 6,015 6,929 7,102
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 3,287 3,408 4,106 3,613
Intangible assets 30 20 36 72
Tangible assets 3,258 3,388 4,031 3,510
Financial assets
Other non-current assets 39 31
Biological assets
Current assets 2,560 2,704 2,940 3,429
Inventories and prepaid expenses 48 46 38 38
Accounts receivable in one year 370 414 416 498
Other current assets 50 41
Cash and cash equivalents 2,093 2,203 2,486 2,893
Total assets 5,847 6,112 7,081 7,130
Equity 5,392 5,514 6,288 6,229
Minority share of capital
Grants and subsidies 4 1
Liabilities 452 597 793 901
Financial liabilities
Long-term liabilities 118 159
Short-term liabilities 334 438 376 611
Equity and liabilities 5,847 6,112 7,081 7,130

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 7% 8% 3% 6%
Return on equity (ROE) 7% 8% 3% 6%
Return on capital employed (ROCE) 16% 19% 8% 14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 13.54 12.76 17.15 9.95
Quick ratio 13.30 12.44 16.83 9.85
Turnover ratios
Asset turnover 0.52 0.55 0.52 0.50
Fixed asset turnover 0.91 0.96 0.87 0.84
Equity turnover 0.55 0.59 0.56 0.55
Profitability ratios
EBITDA margin 24% 24% 17% 22%
Operating profit margin 12% 14% 5% 12%
Net profit margin 13% 14% 6% 12%
Other ratios
Dividends to the State 466.40 336.00 310.50 306.80
Dividends paid / net profit 1.21 0.73 1.59 0.75
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) 8% 7% 4% 3%
Return on equity (ROE) 8% 7% 4% 4%
Return on capital employed (ROCE) 19% 8% 9% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 12.76 6.17 7.83 5.61
Quick ratio 12.44 6.06 7.72 5.55
Turnover ratios
Asset turnover 0.55 0.28 0.27 0.25
Fixed asset turnover 0.96 0.50 0.47 0.46
Equity turnover 0.59 0.31 0.30 0.28
Profitability ratios
EBITDA margin 24% 22% 26% 14%
Operating profit margin 14% 11% 15% 2%
Net profit margin 14% 11% 14% 5%
Other ratios
Dividends to the State 336.00
Dividends paid / net profit 0.73

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 StateVĮ Turto bankas
  • Share belonging to the State100%
http://www.vmc.lt/
Return to the State

307 EUR thousand

ROE

6.4%

Number of employees

123

Financial data provided as at end-December 2019

Management

  • Rūta KlevėnėDirector General

Information as of: 2020/10/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Kęstutis MotiejūnasUAB Investicijų ir verslo garantijos; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Laimis JančiūnasUAB Bonus socius; Independent member
  • Girda ValiulytėVĮ Turto bankas

Information as of: 2020/10/01