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Valdymo koordinavimo centras

State Owned Enterprises

SE GIS-Centras is a state-owned company established in 1992 and owned by the state. The main goals of SE GIS-Centras  are to carry out the work of designing, implementing, technical support and maintenance of state geoinformation systems, development of state geoinformation databases, their servicing and distribution to users, as well as to perform functions of geo-referential cadastre and other activities in order to satisfy public interests.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 441 1,028 1,566 1,008
Cost of goods sold 52 341 466 119
Gross profit (loss) 390 687 1,100 889
Gross profit margin 88% 67% 70% 88%
Operating expenses 492 510 903 679
Operating profit (loss) -102 176 196 210
Operating profit margin -23% 17% 13% 21%
EBITDA -79 199 226 237
EBITDA margin -18% 19% 14% 24%
Net profit (loss) -99 162 162 177
Net profit margin -23% 16% 10% 18%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 596 205 1,361 275
Cost of goods sold 320 26 440 23
Gross profit 276 179 921 252
Gross profit margin 46% 87% 68% 92%
Operating expenses 172 399 504 354
Operating profit 104 -220 417 -102
Operating profit margin 18% -108% 31% -37%
EBITDA 116 -207 432 -88
EBITDA margin 20% -101% 32% -32%
Net profit 91 -220 383 -102
Net profit margin 15% -108% 28% -37%

Balance sheet

2015 2016 2017 2018
Non-current assets 2,942 2,434 1,938 1,732
Intangible assets 1,673 1,275 875 773
Tangible assets 1,269 1,160 1,063 959
Financial assets
Other non-current assets
Biological assets
Current assets 473 614 947 1,017
Inventories and prepaid expenses 128 90 99 90
Accounts receivable in one year 16 45 37 275
Other current assets
Cash and cash equivalents 328 478 812 651
Total assets 3,427 3,067 2,895 2,772
Equity 440 602 683 596
Minority share of capital
Grants and subsidies 2,782 2,285 1,788 1,606
Liabilities 205 180 424 570
Financial liabilities
Long-term liabilities
Short-term liabilities 205 180 424 570
Equity and liabilities 3,427 3,067 2,895 2,772
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 2,434 2,187 1,938 1,676
Intangible assets 1,275 1,068 875 723
Tangible assets 1,160 1,119 1,063 953
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 633 366 956 653
Inventories and prepaid expenses 90 99 99 88
Accounts receivable in one year 64 102 46 306
Other non-current assets 0 50 0 50
Cash and cash equivalents 478 115 812 209
Total assets 3,067 2,553 2,895 2,328
Equity 602 301 683 316
Minority share of capital 0 0 0 0
Grants and subsidies 2,285 2,041 1,788 1,625
Liabilities 180 211 424 388
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 180 211 424 388
Equity and liabilities 3,067 2,553 2,895 2,328

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 2% 5% 5% 6%
Return on equity (ROE) 7% 31% 25% 28%
Return on capital employed (ROCE) 3% 12% 16% 19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.65
Current Ratio 1.09 3.41 2.24 1.78
Quick ratio 0.45 2.91 2.00 1.62
Turnover ratios
Asset turnover 0.19 0.32 0.53 0.36
Fixed asset turnover 0.29 0.38 0.72 0.55
Equity turnover 0.60 1.97 2.44 1.58
Profitability ratios
EBITDA margin 18% 19% 14% 24%
Operating profit margin 13% 17% 13% 21%
Net profit margin 12% 16% 10% 18%
Other ratios
Dividends to the State 0.00 81.10 265.20 212.50
Dividends paid / net profit 0.00 0.50 1.63 1.20
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 5% -4% 5% 12%
Return on equity (ROE) 31% -32% 25% 91%
Return on capital employed (ROCE) 6% -4% 7% 15%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 3.51 1.73 2.26 1.68
Quick ratio 3.01 1.26 2.02 1.46
Turnover ratios
Asset turnover 0.32 0.28 0.53 0.67
Fixed asset turnover 0.38 0.33 0.72 0.85
Equity turnover 1.98 1.97 2.44 5.31
Profitability ratios
EBITDA margin 20% -101% 32% -32%
Operating profit margin 18% -108% 31% -37%
Net profit margin 15% -108% 28% -37%
Other ratios
Dividends to the State 81.00 265.17
Dividends paid / net profit 0.50 1.63

Expectations of the state

Target return on equity

6,2%

About the company

  • Official nameVĮ distancinių tyrimų ir geoinformatikos centras „Gis-centras“
  • Legal formState enterprise (VĮ)
  • Company code121351441
  • SectorOther
  • Line of businessDistribution of spatial data products
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State100%
http://www.gis-centras.lt
Return to the State

214 EUR thousand

ROE

27.9%

Number of employees

84

Financial data provided as at end-December 2018

Management

  • Žilvinas StankevičiusDirector General

Information as of: 2019/11/01