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Valdymo koordinavimo centras

State Owned Enterprises

VĮ “Kelių priežiūra” was established in 2017 by reorganizing and merging 11 regional road maintenance companies . VĮ „Kelių priežiūra“ is responsible for the maintenance, operation and repair of roads of national significance and their structures. The company also designs and builds roads, streets, yards, manufactures and sells sand, gravel, asphalt concrete, leases road construction machinery and special purpose road transport.

Financial results

P/L Statment

2017
Revenue 80,055
Cost of goods sold 70,576
Gross profit 9,479
Gross profit margin 12%
Operating expenses 8,052
Operating profit 1,427
Operating profit margin 2%
EBITDA 12,203
EBITDA margin 15%
Net profit 1,926
Net profit margin 2%
2017 Q4 2018 Q2
Revenue 41,965 37,662
Cost of goods sold 36,439 32,595
Gross profit 5,526 5,067
Gross profit margin 13% 13%
Operating expenses 4,381 4,170
Operating profit 1,145 897
Operating profit margin 3% 2%
EBITDA 6,620 6,016
EBITDA margin 16% 16%
Net profit 1,392 1,216
Net profit margin 3% 3%

Balance sheet

2017
Non-current assets 92,373
Intangible assets 66
Tangible assets 92,307
Financial assets 0
Other non-current assets 0
Biological assets 0
Current assets 36,153
Inventories and prepaid expenses 5,189
Accounts receivable in one year 3,521
Other non-current assets 425
Cash and cash equivalents 27,018
Total assets 128,526
Equity 121,211
Minority share of capital 0
Grants and subsidies 0
Liabilities 7,315
Financial liabilities 0
Long-term liabilities 0
Short-term liabilities 7,315
Equity and liabilities 128,526
2017 Q4 2018 Q2
Non-current assets 92,373 88,410
Intangible assets 66 64
Tangible assets 92,307 88,346
Financial assets 0 0
Other non-current assets 0 0
Biological assets 0 0
Current assets 36,153 40,177
Inventories and prepaid expenses 5,189 5,399
Accounts receivable in one year 3,521 10,966
Other non-current assets 425 683
Cash and cash equivalents 27,018 23,129
Total assets 128,526 128,587
Equity 121,211 117,841
Minority share of capital 0 0
Grants and subsidies 0 0
Liabilities 7,315 10,746
Financial liabilities 0 0
Long-term liabilities 0 0
Short-term liabilities 7,315 10,746
Equity and liabilities 128,526 128,587

Financial ratios

2017
Capital return ratios
Return on assets (ROA) 3%
Return on equity (ROE) 3%
Return on capital employed (ROCE) 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 4.94
Quick ratio 4.23
Turnover ratios
Asset turnover 0.62
Fixed asset turnover 0.87
Equity turnover 0.66
Profitability ratios
EBITDA margin 15%
Operating profit margin 2%
Net profit margin 2%
Other ratios
Dividends to the State 4,544.00
Dividends paid / net profit 2.36
2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 3% 5%
Return on equity (ROE) 3% 5%
Return on capital employed (ROCE) 4% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00
Current Ratio 4.94 3.74
Quick ratio 4.23 3.24
Turnover ratios
Asset turnover 0.62 0.92
Fixed asset turnover 0.87 1.33
Equity turnover 0.66 1.00
Profitability ratios
EBITDA margin 16% 16%
Operating profit margin 3% 2%
Net profit margin 3% 3%
Other ratios
Dividends to the State 4,544.00
Dividends paid / net profit 2.36

Expectations of the state

Target return on equity

7,6%

About the company

  • Official nameAB „Kelių priežiūra“
  • Legal formPublic limited liability company (AB)
  • Company code232112130
  • SectorTransport and Communications
  • Line of businessRoad construction and maintenance
  • Institution representing the StateMinistry of Transport and Communications
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://keliuprieziura.lt/
Return to the State

6.8 EUR milion

ROE

3.2%

Number of employees

2,600

Financial data provided as at end-December 2017

Management

  • Darius ZalieckasDirector General

Information as of: 2019/07/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vygantas SliesoraitisAL Holdingas, St. Ignatius Loyola College; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Darius KuliešiusMinistry of Transport and Communications
  • Egidijus VaišvilasUAB Executive advisors, Baltic Clippers, Baltic Underwriting Agency; Independent member
  • Audrius Vaitkus Road Research Institute of Vilnius Gediminas Technical University
  • Lijana GeštautaitėBarbora; Independent member

Information as of: 2019/07/01