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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

2015 2016 2017 2018
Revenue 82,676 10,386 80,055 78,147
Cost of goods sold 73,611 9,444 70,058 66,224
Gross profit (loss) 9,065 942 9,997 11,923
Gross profit margin 11% 9% 12% 15%
Operating expenses 7,340 752 8,136 12,623
Operating profit (loss) 1,725 190 1,861 -700
Operating profit margin 2% 2% 2% -1%
EBITDA 12,337 10,425 13,451 11,340
EBITDA margin 15% 100% 17% 15%
Net profit (loss) 1,978 312 2,279 -435
Net profit margin 2% 3% 3% -1%
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

2015 2016 2017 2018
Non-current assets 98,053 99,678 99,275 91,696
Intangible assets 113 100 145 181
Tangible assets 97,940 99,578 98,699 91,152
Financial assets 21
Other non-current assets 430 342
Biological assets
Current assets 29,059 28,635 36,133 37,869
Inventories and prepaid expenses 5,471 5,632 4,913 5,106
Accounts receivable in one year 5,370 4,480 3,521 3,718
Other current assets 651 992 680 533
Cash and cash equivalents 17,568 17,531 27,018 28,511
Total assets 127,112 128,746 135,408 129,564
Equity 120,227 120,581 124,805 116,709
Minority share of capital
Grants and subsidies
Liabilities 6,886 8,162 10,575 12,833
Financial liabilities
Long-term liabilities 9 971 1,051
Short-term liabilities 6,877 8,153 7,513 9,647
Equity and liabilities 127,112 128,746 135,408 129,564
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

2016 2017 2018
Capital return ratios
Return on assets (ROA) 2% 3% 1%
Return on equity (ROE) 2% 3% 1%
Return on capital employed (ROCE) 1% 4% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.51 4.81 3.93
Quick ratio 2.82 4.16 3.40
Turnover ratios
Asset turnover 0.08 0.61 0.59
Fixed asset turnover 0.11 0.80 0.82
Equity turnover 0.09 0.65 0.65
Profitability ratios
EBITDA margin 100% 17% 15%
Operating profit margin 2% 2% -1%
Net profit margin 3% 3% -1%
Other ratios
Dividends to the State 667.00 4,544.00
Dividends paid / net profit 2.14 1.99
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

2.2 EUR milion

ROE

1.2%

Number of employees

2,452

Financial data provided as at end-December 2018

Management

  • Rolandas RutėnasDirector General

Information as of: 2019/11/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vygantas SliesoraitisAL Holdingas; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Egidijus VaišvilasUAB Executive advisors, UAB Baltic Clippers, Baltic Underwriting Agency; Independent member
  • Audrius Vaitkus Road Research Institute of Vilnius Gediminas Technical University; Independent member
  • Lijana GeštautaitėIndependent member

Information as of: 2019/11/01