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Valdymo koordinavimo centras

State Owned Enterprises

UAB “Būsto paskolų draudimas” was established in 1998 to partially solve the house financing problem and to stir the real estate market. The company prohibits home loans, including citizens eligible for state support and modernization of multi-apartment buildings, thereby participating in a multi-apartment building modernization program.

 

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 1,098 750 719 621
Cost of goods sold 1,342 1,058 480 249
Gross profit (loss) -244 -308 239 372
Gross profit margin -22% -41% 33% 60%
Operating expenses 821 849 842 771
Operating profit (loss) -1,065 -1,156 -603 -399
Operating profit margin -97% -154% -84% -64%
EBITDA -1,004 -1,132 -571 -377
EBITDA margin -91% -151% -79% -61%
Net profit (loss) -268 13 60 58
Net profit margin -24% 2% 8% 9%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 205 382 337 362
Cost of goods sold 1,091 -642 1,122 -1,489
Gross profit -886 1,024 -785 1,851
Gross profit margin -431% 268% -233% 511%
Operating expenses 428 441 401 409
Operating profit -1,313 583 -1,186 1,442
Operating profit margin -640% 153% -352% 398%
EBITDA -1,337 669 -1,240 1,448
EBITDA margin -651% 175% -368% 400%
Net profit -15 702 -642 1,570
Net profit margin -7% 184% -191% 434%

Balance sheet

2015 2016 2017 2018
Non-current assets 23,199 21,364 17,782 14,337
Intangible assets 2 1 1 0
Tangible assets 2,195 1,944 1,936 1,894
Financial assets 21,003 19,418 15,846 12,443
Other non-current assets
Biological assets
Current assets 582 486 985 1,800
Inventories and prepaid expenses 1 3 5 3
Accounts receivable in one year 218 227 249 87
Other current assets
Cash and cash equivalents 363 255 732 1,709
Total assets 23,783 21,852 18,769 16,141
Equity 3,524 3,537 3,597 3,654
Minority share of capital
Grants and subsidies
Liabilities 20,245 18,300 15,159 12,475
Financial liabilities 8,689 7,241 7,689 6,372
Long-term liabilities 13,047 11,008 9,556 2,666
Short-term liabilities 940 2,226 2,037 6,973
Equity and liabilities 23,783 21,852 18,769 16,141
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 21,439 19,853 17,782 17,494
Intangible assets 1 1 1 1
Tangible assets 1,944 1,674 1,936 2,021
Financial assets 19,494 18,178 15,846 15,472
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 413 1,218 987 632
Inventories and prepaid expenses 6 9 4 2
Accounts receivable in one year 152 417 249 163
Other non-current assets 0 0 2 1
Cash and cash equivalents 255 792 732 466
Total assets 21,852 21,071 18,769 18,126
Equity 3,537 4,239 3,597 5,166
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 18,315 16,832 15,172 12,960
Financial liabilities 8,689 0 7,689 6,372
Long-term liabilities 18,177 16,694 13,135 12,786
Short-term liabilities 139 138 2,037 174
Equity and liabilities 21,852 21,071 18,769 18,126

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) -4% 0% 0% 0%
Return on equity (ROE) -6% 0% 2% 2%
Return on capital employed (ROCE) -5% -12% -7% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 2.05 2.14 1.74
Current Ratio 0.02 0.22 0.48 0.26
Quick ratio 0.02 0.22 0.48 0.26
Turnover ratios
Asset turnover 0.13 0.03 0.04 0.04
Fixed asset turnover 0.13 0.03 0.04 0.04
Equity turnover 0.19 0.21 0.20 0.17
Profitability ratios
EBITDA margin -14% -151% -79% -61%
Operating profit margin -63% -154% -84% -64%
Net profit margin -32% 2% 8% 9%
Other ratios
Dividends to the State 0.00
Dividends paid / net profit 0.00
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 0% 3% 0% 5%
Return on equity (ROE) 0% 18% 2% 20%
Return on capital employed (ROCE) -5% -3% -3% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.40 0.00 0.41 0.35
Current Ratio 2.98 8.83 0.48 3.63
Quick ratio 2.93 8.76 0.48 3.62
Turnover ratios
Asset turnover 0.03 0.03 0.04 0.04
Fixed asset turnover 0.03 0.03 0.04 0.04
Equity turnover 0.21 0.15 0.20 0.15
Profitability ratios
EBITDA margin -651% 175% -368% 400%
Operating profit margin -640% 153% -352% 398%
Net profit margin -7% 184% -191% 434%
Other ratios
Dividends to the State 0.00 0.00
Dividends paid / net profit 0.00 0.00

Expectations of the state

Target return on equity undefined

About the company

  • Official nameUAB „Būsto paskolų draudimas“
  • Legal formPrivate limited liability company (UAB)
  • Company code110076079
  • SectorOther
  • Line of businessMortgage insurance
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
http://www.bpd.lt/
ROE

1.6%

Number of employees

25

Financial data provided as at end-December 2018

Management

  • Marijus Jūris MikalauskasDirector General

Information as of: 2019/11/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Sigitas ŽutautasIndependent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Žaneta KovaliovaUP CONSULTING GROUP LTD; Independent member
  • Darius IndriūnasUAB Auroch investments; Independent member
  • Aušra VičkačkienėMinistry of Finance

Information as of: 2019/11/01