Žemės ūkio informacijos ir kaimo verslo centras
The State Enterprise Žemės ūkio informacijos ir kaimo verslo centras was established in 2002. The enterprise carries out thirteen special obligations. Žemės ūkio informacijos ir kaimo verslo centras develops and administers registers and information systems, performs functions and implements tasks related to the administration of European Union and national support for agriculture and rural development, and temporary support for farmers.
KEY FINANCIAL PERFORMANCE INDICATORS FOR THE PERIOD 2022-2024
- Annual net profitability:
- 2022 ≥ 0 percent,
- 2023–2024 ≥ 3 percent.
TARGETED SPECIFIC INDICATORS FOR THE PERIOD 2022-2024
- Reduction of administrative costs,%:
- 2022 – 10
- 2023-2024 – 5
- Customer satisfaction,%:
- 2022 – evaluation
- 2023-2024 +10
- Employee involvement,%:
- 2022 – evaluation
- 2023-2024 + 10
- Good governance index:
- 2022 – B
- 2023 – A-
- 2024 – A
2021/22 GOOD CORPORATE GOVERNANCE INDEX
2020/21 GOOD CORPORATE GOVERNANCE INDEX
Sk – Transparency dimension
KO – Board dimension
SP – Strategic planning and target achievement dimension
GI – Good governance ratio
Financial results
P/L Statment
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 752 | 753 | 674 | 760 |
| Cost of goods sold | 155 | 213 | 242 | 357 |
| Gross profit (loss) | 596 | 540 | 432 | 403 |
| Gross profit margin | 79% | 72% | 64% | 53% |
| Operating expenses | 867 | 870 | 1,197 | 724 |
| Operating profit (loss) | -271 | -331 | -765 | -321 |
| Operating profit margin | -36% | -44% | -113% | -42% |
| EBITDA | -81 | -177 | -670 | -274 |
| EBITDA margin | -11% | -23% | -99% | -36% |
| Net profit (loss) | -270 | -331 | -765 | -321 |
| Net profit margin | -36% | -44% | -113% | -42% |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Revenue | 458 | 357 | 445 | 365 |
| Cost of goods sold | 105 | 109 | 186 | 120 |
| Gross profit (loss) | 353 | 248 | 259 | 245 |
| Gross profit margin | % | % | % | % |
| Operating expenses | 407 | 548 | 498 | 106 |
| Operating profit (loss) | -54 | -300 | -240 | 139 |
| Operating profit margin | % | % | % | % |
| EBITDA | 31 | -248 | -210 | 149 |
| EBITDA margin | 7% | -69% | -47% | 41% |
| Net profit (loss) | -54 | -300 | -239 | 141 |
| Net profit margin | -12% | -84% | -54% | 39% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 2,571 | 2,278 | 2,237 | 2,187 |
| Intangible assets | 551 | 374 | 248 | 145 |
| Tangible assets | 2,020 | 1,903 | 1,989 | 2,042 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 983 | 1,068 | 648 | 271 |
| Inventories and prepaid expenses | 37 | 294 | 47 | 29 |
| Accounts receivable in one year | 2 | 2 | 93 | 1 |
| Other current assets | ||||
| Cash and cash equivalents | 945 | 772 | 508 | 241 |
| Total assets | 3,748 | 3,346 | 3,190 | 2,772 |
| Equity | 1,838 | 1,507 | 742 | 421 |
| Grants and subsidies | 1,456 | 1,395 | 1,868 | 1,719 |
| Liabilities | 454 | 444 | 579 | 632 |
| Financial liabilities | ||||
| Long-term liabilities | 54 | 14 | 27 | 37 |
| Short-term liabilities | 400 | 430 | 552 | 595 |
| Equity and liabilities | 3,748 | 3,346 | 3,190 | 2,772 |
| 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|
| Non-current assets | 2,218 | 2,057 | 1,958 |
| Intangible assets | 298 | 189 | 90 |
| Tangible assets | 1,919 | 1,868 | 1,868 |
| Financial assets | |||
| Other non-current assets | |||
| Current assets | 1,515 | 1,456 | 1,096 |
| Inventories and prepaid expenses | 45 | 67 | 90 |
| Accounts receivable in one year | 1 | 2 | 43 |
| Other current assets | |||
| Cash and cash equivalents | 1,469 | 1,387 | 962 |
| Total assets | 4,038 | 3,899 | 3,156 |
| Equity | 1,208 | 503 | 562 |
| Grants and subsidies | 2,010 | 2,349 | 1,625 |
| Liabilities | 820 | 1,047 | 968 |
| Financial liabilities | |||
| Long-term liabilities | 27 | 79 | 37 |
| Short-term liabilities | 794 | 968 | 931 |
| Equity and liabilities | 4,038 | 3,899 | 3,156 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -7% | -9% | -23% | -11% |
| Return on equity (ROE) | -14% | -20% | -68% | -55% |
| Return on capital employed (ROCE) | -16% | -23% | -58% | -29% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | ||||
| Current Ratio | 2.46 | 2.48 | 1.17 | 0.46 |
| Quick ratio | 2.37 | 1.80 | 1.09 | 0.41 |
| Turnover ratios | ||||
| Asset turnover | 0.20 | 0.21 | 0.21 | 0.25 |
| Fixed asset turnover | 0.29 | 0.31 | 0.30 | 0.34 |
| Equity turnover | 0.38 | 0.45 | 0.60 | 1.31 |
| Profitability ratios | ||||
| EBITDA margin | -11% | -23% | -99% | -36% |
| Operating profit margin | -36% | -44% | -113% | -42% |
| Net profit margin | -36% | -44% | -113% | -42% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
| 2019-06 | 2020-06 | 2021-06 | 2022-06 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -9% | % | -24% | 2% |
| Return on equity (ROE) | -20% | % | -121% | 11% |
| Return on capital employed (ROCE) | -23% | -18% | -16% | 13% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | ||||
| Current Ratio | 2.48 | 1.91 | 1.50 | 1.18 |
| Quick ratio | 1.80 | 1.85 | 1.43 | 1.08 |
| Turnover ratios | ||||
| Asset turnover | 0.21 | 0.18 | 0.11 | 0.10 |
| Fixed asset turnover | 0.31 | 0.32 | 0.21 | 0.18 |
| Equity turnover | 0.45 | 0.59 | 0.52 | 0.69 |
| Profitability ratios | ||||
| EBITDA margin | -23% | -69% | -47% | 41% |
| Operating profit margin | -44% | % | % | % |
| Net profit margin | -44% | -84% | -54% | 39% |
| Other ratios | ||||
| Dividends to the State | ||||
| Dividends paid / net profit |
Financial statments
2015 m. metinės ataskaitos
2015 m. 12 mėn. tarpinės ataskaitos
2015 m. 9 mėn. tarpinės ataskaitos
2015 m. 6 mėn. tarpinės ataskaitos
2015 m. 3 mėn. tarpinės ataskaitos
2014 m. metinės ataskaitos
2014 m. 12 mėn. tarpinės ataskaitos
2014 m. 9 mėn. tarpinės ataskaitos
2014 m. 6 mėn. tarpinės ataskaitos
2014 m. 3 mėn. tarpinės ataskaitos
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 businessAdministration of registers and information systems in the regulatory area of the Ministry of Agriculture. Execution of administrative functions of the European Union and national support for agriculture and rural development
- Institution representing the StateMinistry of Agriculture
- Special obligationsPerformes non-commercial special obligations
- Share belonging to the State100%
ROE
11.2%
Number of employees
194
Financial data provided as at end-December 2021
