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Valdymo koordinavimo centras

State Owned Enterprises

The company was established at the end of 1996. The main activity is deposit insurance, banks insurance and insurance for investors. The company manages two funds: deposit insurance and insurance for investors. This type of activity in Lithuania is not carried out by anyone else.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 620 606 492 676
Cost of goods sold
Gross profit (loss) 620 606 492 676
Gross profit margin 100% 100% 100% 100%
Operating expenses 625 606 492 676
Operating profit (loss) -5
Operating profit margin -1% % % %
EBITDA 20 23 28 33
EBITDA margin 3% 4% 6% 5%
Net profit (loss) 581 113 43 45
Net profit margin 94% 19% 9% 7%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 327 236 256 271
Cost of goods sold 606 0 492 0
Gross profit -278 236 -236 271
Gross profit margin -85% 100% -92% 100%
Operating expenses -278 236 -236 271
Operating profit 0 0 0 0
Operating profit margin 0% 0% 0% 0%
EBITDA 13 15 14 13
EBITDA margin 4% 6% 5% 5%
Net profit 35 25 19 19
Net profit margin 11% 10% 7% 7%

Balance sheet

2015 2016 2017 2018
Non-current assets 4,910 3,551 2,488 7,227
Intangible assets 10 30 24 15
Tangible assets 59 51 40 30
Financial assets 4,842 3,470 2,424 7,182
Other non-current assets
Biological assets
Current assets 10,851 12,346 13,428 8,758
Inventories and prepaid expenses 12 1 1 0
Accounts receivable in one year 2 4 8 124
Other current assets 10,838 11,788 986 494
Cash and cash equivalents 0 554 12,433 8,139
Total assets 15,762 15,900 15,920 15,987
Equity 15,680 15,835 15,879 15,924
Minority share of capital
Grants and subsidies
Liabilities 82 65 42 63
Financial liabilities
Long-term liabilities
Short-term liabilities 82 65 42 63
Equity and liabilities 15,762 15,900 15,920 15,987
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 3,551 3,531 2,488 3,760
Intangible assets 30 23 24 18
Tangible assets 51 44 40 33
Financial assets 3,470 3,465 2,424 3,710
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 12,349 12,370 13,432 12,165
Inventories and prepaid expenses 5 10 1 0
Accounts receivable in one year 3 42 12 49
Other non-current assets 11,788 3,800 986 938
Cash and cash equivalents 554 8,517 12,433 11,178
Total assets 15,900 15,901 15,920 15,925
Equity 15,835 15,860 15,879 15,897
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 65 41 42 28
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 65 41 42 28
Equity and liabilities 15,900 15,901 15,920 15,925

Financial ratios

2016 2017 2018
Capital return ratios
Return on assets (ROA) 1% 0% 0%
Return on equity (ROE) 1% 0% 0%
Return on capital employed (ROCE) % % 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 191.11 322.01 138.35
Quick ratio 191.11 322.00 138.34
Turnover ratios
Asset turnover 0.04 0.03 0.04
Fixed asset turnover 0.14 0.16 0.14
Equity turnover 0.04 0.03 0.04
Profitability ratios
EBITDA margin 4% 6% 5%
Operating profit margin % % %
Net profit margin 19% 9% 7%
Other ratios
Dividends to the State
Dividends paid / net profit
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 1% 0% 0% 0%
Return on equity (ROE) 1% 0% 0% 0%
Return on capital employed (ROCE) 0% 0% 0% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 191.16 299.51 322.11 432.92
Quick ratio 191.09 299.26 322.10 432.91
Turnover ratios
Asset turnover 0.04 0.04 0.03 0.03
Fixed asset turnover 0.14 0.13 0.16 0.14
Equity turnover 0.04 0.04 0.03 0.03
Profitability ratios
EBITDA margin 4% 6% 5% 5%
Operating profit margin 0% 0% 0% 0%
Net profit margin 11% 10% 7% 7%
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 nameVĮ „Indėlių ir investicijų draudimas“
  • Legal formState enterprise (VĮ)
  • Company code110069451
  • SectorOther
  • Line of businessDeposit insurance
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
http://www.iidraudimas.lt/
Return to the State

4 EUR thousand

ROE

0.3%

Number of employees

22

Financial data provided as at end-December 2018

Management

  • Aurelija MažintienėDirector General

Information as of: 2019/11/01