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Valdymo koordinavimo centras

State Owned Enterprises

In 1968, the Republican Department of Statistics was established, which in 1994 was reorganized into a public limited liability company “Informacinio verslo paslaugų įmonė” in accordance with the resolution of the Republic of Lithuania government. The main activity of the Company is the administration of taxes on energy-communal services, provided to residents by means of a general payment booklet.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 616 621 405 266
Cost of goods sold 362 352 324 217
Gross profit (loss) 254 268 81 49
Gross profit margin 41% 43% 20% 18%
Operating expenses 153 158 155 115
Operating profit (loss) 100 111 -74 -66
Operating profit margin 16% 18% -18% -25%
EBITDA 129 134 1,182 -34
EBITDA margin 21% 22% 292% -13%
Net profit (loss) 100 103 987 -40
Net profit margin 16% 17% 244% -15%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 302 247 157 130
Cost of goods sold 157 169 155 126
Gross profit 144 78 3 4
Gross profit margin 48% 32% 2% 3%
Operating expenses 94 75 80 71
Operating profit 51 3 -77 -67
Operating profit margin 17% 1% -49% -51%
EBITDA 60 23 1,159 -46
EBITDA margin 20% 9% 737% -36%
Net profit 46 13 975 -49
Net profit margin 15% 5% 620% -38%

Balance sheet

2015 2016 2017 2018
Non-current assets 207 200 23 17
Intangible assets 9 7 5 3
Tangible assets 198 193 15 12
Financial assets
Other non-current assets 3 3
Biological assets
Current assets 656 649 1,992 926
Inventories and prepaid expenses 2 2 2 1
Accounts receivable in one year 81 62 10 16
Other current assets 250 250 250 250
Cash and cash equivalents 323 335 1,730 659
Total assets 865 849 2,015 944
Equity 664 645 1,556 617
Minority share of capital
Grants and subsidies
Liabilities 202 204 459 326
Financial liabilities
Long-term liabilities
Short-term liabilities 202 204 459 326
Equity and liabilities 865 849 2,015 944
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 200 193 23 20
Intangible assets 7 6 5 4
Tangible assets 193 187 15 13
Financial assets 0 0 0 0
Other non-current assets 0 0 3 3
Biological assets 0 0 0 0
Current assets 650 679 1,992 877
Inventories and prepaid expenses 3 2 2 2
Accounts receivable in one year 38 55 10 12
Other non-current assets 274 331 250 250
Cash and cash equivalents 335 291 1,730 613
Total assets 849 872 2,015 897
Equity 645 581 1,556 608
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 204 291 459 289
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 204 291 459 289
Equity and liabilities 849 872 2,015 897

Financial ratios

2016 2017 2018
Capital return ratios
Return on assets (ROA) 12% 69% -3%
Return on equity (ROE) 16% 90% -4%
Return on capital employed (ROCE) 37% 150% -13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.18 4.34 2.84
Quick ratio 3.17 4.34 2.83
Turnover ratios
Asset turnover 0.72 0.28 0.18
Fixed asset turnover 3.05 3.64 13.28
Equity turnover 0.95 0.37 0.24
Profitability ratios
EBITDA margin 22% 292% -13%
Operating profit margin 18% -18% -25%
Net profit margin 17% 244% -15%
Other ratios
Dividends to the State 39.68 464.25 92.85
Dividends paid / net profit 0.39 0.47 -2.32
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 12% 7% 69% 105%
Return on equity (ROE) 16% 10% 90% 156%
Return on capital employed (ROCE) 18% 12% 106% 186%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 3.18 2.34 4.34 3.04
Quick ratio 3.17 2.33 4.34 3.03
Turnover ratios
Asset turnover 0.72 0.65 0.28 0.32
Fixed asset turnover 3.05 2.79 3.64 2.70
Equity turnover 0.95 0.93 0.37 0.48
Profitability ratios
EBITDA margin 20% 9% 737% -36%
Operating profit margin 17% 1% -49% -51%
Net profit margin 15% 5% 620% -38%
Other ratios
Dividends to the State 20.50 239.88
Dividends paid / net profit 0.39 0.47

Expectations of the state

Target return on equity undefined

About the company

  • Official nameAB Informacinio verslo paslaugų įmonė
  • Legal formPublic limited liability company (AB)
  • Company code123043773
  • SectorOther
  • Line of businessDigital data management and software development
  • Institution representing the StateVĮ Turto bankas
  • Share belonging to the State51.67%
http://www.ivpi.lt/
Return to the State

93 EUR thousand

ROE

-3.7%

Number of employees

12

Financial data provided as at end-December 2018

Management

  • Lina RamanauskaitėDirector General

Information as of: 2019/11/01