• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

State Owned Enterprises

Žemės ūkio informacijos ir kaimo verslo centras” was established in 2002, continues to be carry out “Kaimo verslo plėtros ir informacijos centras” work, that started in the year 1998. The company contributes to develop and implement the key components of the integrated Administration and Control System (IACS) parts –  the agricultural and rural business register, the livestock register and the land parcel identification system.

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 674 752 753 674
Cost of goods sold 184 155 213 242
Gross profit (loss) 490 596 540 432
Gross profit margin 73% 79% 72% 64%
Operating expenses 724 867 870 1,197
Operating profit (loss) -234 -271 -331 -765
Operating profit margin -35% -36% -44% -113%
EBITDA 79 -81 -177 -670
EBITDA margin 12% -11% -23% -99%
Net profit (loss) -234 -270 -331 -765
Net profit margin -35% -36% -44% -113%
2018-06 2019-06 2020-06 2021-06
Revenue 431 458 357 445
Cost of goods sold 112 105 109 186
Gross profit (loss) 319 353 248 259
Gross profit margin % % 77% 58%
Operating expenses 420 407 548 498
Operating profit (loss) -101 -54 -300 -240
Operating profit margin % % -12% -54%
EBITDA 31 -210
EBITDA margin % % 7% -47%
Net profit (loss) -101 -54 -300 -239
Net profit margin % % -12% -54%

Balance sheet

2017 2018 2019 2020
Non-current assets 2,643 2,571 2,278 2,237
Intangible assets 352 551 374 248
Tangible assets 2,292 2,020 1,903 1,989
Financial assets
Other non-current assets
Current assets 1,195 983 1,068 952
Inventories and prepaid expenses 184 37 294 441
Accounts receivable in one year 2 2 2 3
Other current assets
Cash and cash equivalents 1,009 945 772 508
Total assets 3,839 3,748 3,346 3,190
Equity 2,108 1,838 1,507 742
Grants and subsidies 1,340 1,456 1,395 1,868
Liabilities 391 454 444 579
Financial liabilities
Long-term liabilities 54 14 27
Short-term liabilities 391 400 430 552
Equity and liabilities 3,839 3,748 3,346 3,190
2019-06 2020-06 2021-06
Non-current assets 2,265 2,218 2,057
Intangible assets 445 298 189
Tangible assets 1,821 1,919 1,868
Financial assets
Other non-current assets
Current assets 1,990 1,515 1,456
Inventories and prepaid expenses 366 45 67
Accounts receivable in one year 4 1 2
Other current assets
Cash and cash equivalents 1,620 1,469 1,387
Total assets 4,255 4,038 3,899
Equity 1,783 1,208 503
Grants and subsidies 1,702 2,010 2,349
Liabilities 771 820 1,047
Financial liabilities
Long-term liabilities 54 27 79
Short-term liabilities
Equity and liabilities 4,255 4,038 3,899

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) -7% -9% -23%
Return on equity (ROE) -14% -20% -68%
Return on capital employed (ROCE) -16% -23% -58%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.46 2.48 1.73
Quick ratio 2.37 1.80 0.93
Turnover ratios
Asset turnover 0.20 0.21 0.21
Fixed asset turnover 0.29 0.31 0.30
Equity turnover 0.38 0.45 0.60
Profitability ratios
EBITDA margin -11% -23% -99%
Operating profit margin -36% -44% -113%
Net profit margin -36% -44% -113%
Other ratios
Dividends to the State
Dividends paid / net profit
2019-06 2020-06 2021-06
Capital return ratios
Return on assets (ROA) % % -18%
Return on equity (ROE) % % -82%
Return on capital employed (ROCE) -4% -1% -12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover 0.22 0.09 0.11
Fixed asset turnover 0.40 0.16 0.21
Equity turnover 0.51 0.24 0.52
Profitability ratios
EBITDA margin % 7% -47%
Operating profit margin % -12% -54%
Net profit margin % -12% -54%
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ Žemės ūkio informacijos ir kaimo verslo centras
  • Legal formState enterprise (VĮ)
  • Company code210086220
  • SectorOther
  • Line of businessLivestock identification, registration and productivity control
  • Institution representing the StateMinistry of Agriculture
  • Special obligationsPerformes non-commercial special obligations
  • Share belonging to the State100%
http://www.vic.lt/
ROE

-68.0%

Number of employees

202

Financial data provided as at end-December 2020

Management

  • L. e. p. Valdemaras SviackevičiusActing Director General

Information as of: 2021/10/06

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Paulius Martinkus Independent Member

MEMBERS OF THE BOARD OF DIRECTORS

  • Dalia Bubnelytė-Daktariūnienė VĮ Žemės ūkio informacijos ir kaimo verslo centras; Employee representative
  • Romas BunevičiusIndependent Member
  • Artūras PalekasIndependent Member
  • Evaldas PranckevičiusMinistry of Agriculture

Information as of: 2021/10/01