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Valdymo koordinavimo centras

State Owned Enterprises

State Enterprise “Infostruktūra” was established in 1992 under Strategic Lithuania Information Infrastructure Creation Program “Lithuania 2000”, obliging it to address state communications and informatics issues. The main area of ​​activity is to provide a secure public data transmission network services.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 8,419 6,580 6,065 6,251
Cost of goods sold 7,167 5,791 4,869 4,822
Gross profit (loss) 1,252 789 1,196 1,429
Gross profit margin 15% 12% 20% 23%
Operating expenses 1,073 1,201 1,024 1,051
Operating profit (loss) 179 -412 172 378
Operating profit margin 2% -6% 3% 6%
EBITDA 963 715 1,202 1,449
EBITDA margin 11% 11% 20% 23%
Net profit (loss) 157 -356 135 329
Net profit margin 2% -5% 2% 5%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 3,209 3,062 3,003 3,055
Cost of goods sold 3,000 2,370 2,499 2,395
Gross profit 208 692 504 660
Gross profit margin 6% 23% 17% 22%
Operating expenses 723 487 537 513
Operating profit -515 205 -33 147
Operating profit margin -16% 7% -1% 5%
EBITDA 205 750 453 697
EBITDA margin 6% 24% 15% 23%
Net profit -457 211 -76 145
Net profit margin -14% 7% -3% 5%

Balance sheet

2015 2016 2017 2018
Non-current assets 4,745 4,203 3,627 3,002
Intangible assets 234 101 122 87
Tangible assets 4,497 4,032 3,460 2,891
Financial assets
Other non-current assets 13 69 44 25
Biological assets
Current assets 2,641 2,143 2,521 3,112
Inventories and prepaid expenses 30 26 43 33
Accounts receivable in one year 474 562 438 388
Other current assets
Cash and cash equivalents 2,137 1,554 2,040 2,691
Total assets 7,460 6,401 6,336 6,401
Equity 4,913 5,390 5,524 5,758
Minority share of capital
Grants and subsidies 1,119 3
Liabilities 1,251 855 692 576
Financial liabilities
Long-term liabilities 11 9
Short-term liabilities 1,186 783 681 567
Equity and liabilities 7,460 6,401 6,336 6,401
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 4,203 3,902 3,627 3,197
Intangible assets 101 96 122 93
Tangible assets 4,032 3,736 3,460 3,060
Financial assets 0 0 0 0
Other non-current assets 69 69 44 44
Biological assets 0 0 0 0
Current assets 2,198 2,558 2,709 3,151
Inventories and prepaid expenses 82 26 231 169
Accounts receivable in one year 562 961 237 919
Other non-current assets 0 0 0 0
Cash and cash equivalents 1,554 1,572 2,241 2,062
Total assets 6,401 6,460 6,336 6,349
Equity 5,401 5,612 5,524 5,584
Minority share of capital 0 0 0 0
Grants and subsidies 3 1 0 0
Liabilities 997 847 811 765
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 11 0
Short-term liabilities 997 847 800 765
Equity and liabilities 6,401 6,460 6,336 6,349

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 10% -4% 4% 7%
Return on equity (ROE) 12% -5% 4% 7%
Return on capital employed (ROCE) 11% -15% 6% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12
Current Ratio 5.56 2.74 3.70 5.49
Quick ratio 5.36 2.70 3.64 5.43
Turnover ratios
Asset turnover 0.48 0.95 0.95 0.98
Fixed asset turnover 0.59 1.47 1.55 1.89
Equity turnover 0.59 1.28 1.11 1.11
Profitability ratios
EBITDA margin 34% 11% 20% 23%
Operating profit margin 22% -6% 3% 6%
Net profit margin 20% -5% 2% 5%
Other ratios
Dividends to the State 12,748.61 92.50 244.70
Dividends paid / net profit 0.80 0.69 0.74
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) -4% -2% 4% 3%
Return on equity (ROE) -5% -3% 4% 3%
Return on capital employed (ROCE) -6% -4% 5% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 2.20 3.02 3.39 4.12
Quick ratio 2.12 2.99 3.10 3.90
Turnover ratios
Asset turnover 0.95 0.94 0.95 0.95
Fixed asset turnover 1.48 1.46 1.55 1.71
Equity turnover 1.26 1.19 1.11 1.08
Profitability ratios
EBITDA margin 6% 24% 15% 23%
Operating profit margin -16% 7% -1% 5%
Net profit margin -14% 7% -3% 5%
Other ratios
Dividends to the State 0.00 92.53
Dividends paid / net profit 0.00 0.69

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ „Infostruktūra“
  • Legal formState enterprise (VĮ)
  • Company code121738687
  • SectorOther
  • Line of businessIT services
  • Institution representing the StateMinistry of National Defence
  • Share belonging to the State100%
http://www.is.lt/
Return to the State

352 EUR thousand

ROE

7.5%

Number of employees

58

Financial data provided as at end-December 2018

Management

  • Algimantas InčiusDirector General

Information as of: 2019/11/01