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Valdymo koordinavimo centras

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

2016 2017 2018 2019
Revenue 727 674 752 753
Cost of goods sold 124 184 155 213
Gross profit (loss) 603 490 596 540
Gross profit margin 83% 73% 79% 72%
Operating expenses 569 724 867 870
Operating profit (loss) 34 -234 -271 -331
Operating profit margin 5% -35% -36% -44%
EBITDA 414 79 -81 -177
EBITDA margin 57% 12% -11% -23%
Net profit (loss) 32 -234 -270 -331
Net profit margin 4% -35% -36% -44%
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Revenue 398 431 458 357
Cost of goods sold 89 112 105 109
Gross profit (loss) 309 319 353 248
Gross profit margin 78% 74% 77% 69%
Operating expenses 323 420 407 548
Operating profit (loss) -13 -101 -54 -300
Operating profit margin -3% -24% -12% -84%
EBITDA 158 -4 31 -248
EBITDA margin 40% -1% 7% -69%
Net profit (loss) -54 -300
Net profit margin -3% -24% -12% -84%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2016 2017 2018 2019
Non-current assets 2,747 2,643 2,571 2,278
Intangible assets 278 352 551 374
Tangible assets 2,469 2,292 2,020 1,903
Financial assets
Other non-current assets
Biological assets
Current assets 974 1,195 983 831
Inventories and prepaid expenses 142 184 37 58
Accounts receivable in one year 1 2 2 2
Other current assets
Cash and cash equivalents 832 1,009 945 772
Total assets 3,721 3,839 3,748 3,346
Equity 2,342 2,108 1,838 1,507
Minority share of capital
Grants and subsidies 1,083 1,340 1,456 1,395
Liabilities 296 391 454 444
Financial liabilities
Long-term liabilities 54 14
Short-term liabilities 296 391 400 430
Equity and liabilities 3,721 3,839 3,748 3,346
2017-06-30 2018-06-30 2019-06-30 2020-06-30
Non-current assets 2,484 2,358 2,265 2,218
Intangible assets 205 263 445 298
Tangible assets 2,279 2,095 1,821 1,919
Financial assets
Other non-current assets
Biological assets
Current assets 1,942 1,888 1,990 1,515
Inventories and prepaid expenses 303 307 366 45
Accounts receivable in one year 0 2 4 1
Other current assets
Cash and cash equivalents 1,639 1,579 1,620 1,469
Total assets 4,426 4,246 4,255 4,038
Equity 2,351 2,006 1,783 1,208
Minority share of capital
Grants and subsidies 1,547 1,567 1,702 2,010
Liabilities 529 673 771 820
Financial liabilities
Long-term liabilities 54 27
Short-term liabilities 529 673 717 794
Equity and liabilities 4,426 4,246 4,255 4,038

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 1% -6% -7% -9%
Return on equity (ROE) 1% -11% -14% -20%
Return on capital employed (ROCE) 2% -14% -16% -23%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.29 3.05 2.46 1.93
Quick ratio 2.81 2.58 2.37 1.80
Turnover ratios
Asset turnover 0.20 0.18 0.20 0.21
Fixed asset turnover 0.25 0.25 0.29 0.31
Equity turnover 0.31 0.30 0.38 0.45
Profitability ratios
EBITDA margin 57% 12% -11% -23%
Operating profit margin 5% -35% -36% -44%
Net profit margin 4% -35% -36% -44%
Other ratios
Dividends to the State
Dividends paid / net profit

* Left axis

** Right axis

*** Dividends to the state in Financial Ratios table is in EUR thousand

2017-06-30 2018-06-30 2019-06-30 2020-06-30
Capital return ratios
Return on assets (ROA) -6% -7% -5% -14%
Return on equity (ROE) -11% -15% -12% -39%
Return on capital employed (ROCE) -14% -6% -3% -18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.05 2.81 2.78 1.91
Quick ratio 2.58 2.35 2.27 1.85
Turnover ratios
Asset turnover 0.18 0.10 0.11 0.09
Fixed asset turnover 0.25 0.18 0.20 0.16
Equity turnover 0.30 0.20 0.24 0.24
Profitability ratios
EBITDA margin 12% -1% 7% -69%
Operating profit margin -35% -24% -12% -84%
Net profit margin -35% -24% -12% -84%
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

2019 m. metinės ataskaitos 2019 m. 6 mėn. tarpinės ataskaitos
2018 m. metinės ataskaitos 2018 m. 6 mėn. tarpinės ataskaitos
2017 m. 6 mėn. tarpinės ataskaitos 2017 m. metinės ataskaitos
2016 m. metinės ataskaitos 2016 m. 6 mėn. tarpinės ataskaitos 2016 m. 3 mėn. tarpinės ataskaitos
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
2012 m. metinės ataskaitos 2012 m. 3 mėn. tarpinės ataskaitos 2012 m. 9 mėn. tarpinės ataskaitos
2013 m. 3 mėn. tarpinės ataskaitos 2013 m. 6 mėn. tarpinės ataskaitos 2013 m. 12 mėn. tarpinės ataskaitos 2013 m. metinės ataskaitos 2013 m. 9 mėn. tarpinės ataskaitos
2011 m. metinės ataskaitos
2010 m. metinės ataskaitos

Expectations of the state

Target return on equity undefined

Letter of Expectations

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 obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.vic.lt/
ROE

-19.8%

Number of employees

202

Financial data provided as at end-December 2019

Management

  • L. e. p. Sigitas PuodžiukasDirector General

Information as of: 2020/10/01