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Valdymo koordinavimo centras

State Owned Enterprises

AB Kiaulių veislininkystė was established in 2013 December 31,by  separating from AB Lietuvos veislininkystė. The company controls the productivity of breeding pigs, fattening of breeding pigs, slaughter and carcass evaluation.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 1,568 1,620 1,290 847
Cost of goods sold 1,385 1,307 1,181 756
Gross profit (loss) 183 314 109 91
Gross profit margin 12% 19% 8% 11%
Operating expenses 202 322 290 248
Operating profit (loss) -20 -9 -181 -157
Operating profit margin -1% -1% -14% -19%
EBITDA 31 53 -124 -101
EBITDA margin 2% 3% -10% -12%
Net profit (loss) -21 2 -181 -154
Net profit margin -1% 0% -14% -18%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 831 777 513 458
Cost of goods sold 707 709 473 408
Gross profit 125 68 41 50
Gross profit margin 15% 9% 8% 11%
Operating expenses 160 152 138 129
Operating profit -36 -84 -97 -79
Operating profit margin -4% -11% -19% -17%
EBITDA -7 -56 -70 -50
EBITDA margin -1% -7% -14% -11%
Net profit -34 -84 -98 -77
Net profit margin -4% -11% -19% -17%

Balance sheet

2015 2016 2017 2018
Non-current assets 1,411 1,385 1,329 1,276
Intangible assets
Tangible assets 1,406 1,380 1,326 1,273
Financial assets
Other non-current assets
Biological assets 5 5 3 3
Current assets 258 311 305 272
Inventories and prepaid expenses 169 227 246 214
Accounts receivable in one year 66 80 58 56
Other current assets
Cash and cash equivalents 23 4 2 2
Total assets 1,670 1,699 1,635 1,548
Equity 1,477 1,479 1,298 1,144
Minority share of capital
Grants and subsidies
Liabilities 192 220 337 404
Financial liabilities
Long-term liabilities
Short-term liabilities 192 220 337 404
Equity and liabilities 1,670 1,699 1,635 1,548
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 1,385 1,357 1,329 1,302
Intangible assets 0 0 0 0
Tangible assets 1,380 1,353 1,326 1,299
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 5 4 3 4
Current assets 314 336 306 303
Inventories and prepaid expenses 227 29 246 26
Accounts receivable in one year 83 124 59 62
Other non-current assets 0 181 0 196
Cash and cash equivalents 4 2 2 19
Total assets 1,699 1,693 1,635 1,605
Equity 1,479 1,396 1,298 1,221
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 220 297 337 384
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 220 297 337 384
Equity and liabilities 1,699 1,693 1,635 1,605

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 0% 0% -11% -10%
Return on equity (ROE) 0% 0% -13% -13%
Return on capital employed (ROCE) 0% 0% -27% -27%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15
Current Ratio 1.23 1.41 0.91 0.67
Quick ratio 0.66 0.38 0.18 0.14
Turnover ratios
Asset turnover 0.21 0.96 0.77 0.53
Fixed asset turnover 0.22 1.16 0.95 0.65
Equity turnover 0.41 1.10 0.93 0.69
Profitability ratios
EBITDA margin 28% 3% -10% -12%
Operating profit margin -0% -1% -14% -19%
Net profit margin 0% 0% -14% -18%
Other ratios
Dividends to the State 845.00
Dividends paid / net profit 1.26
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 0% -7% -11% -11%
Return on equity (ROE) 0% -8% -13% -13%
Return on capital employed (ROCE) 0% -8% -13% -13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.43 1.13 0.91 0.79
Quick ratio 0.40 1.03 0.18 0.72
Turnover ratios
Asset turnover 0.96 0.94 0.77 0.59
Fixed asset turnover 1.10 1.17 0.95 0.73
Equity turnover 1.10 1.11 0.93 0.74
Profitability ratios
EBITDA margin -1% -7% -14% -11%
Operating profit margin -4% -11% -19% -17%
Net profit margin -4% -11% -19% -17%
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

5.0%

About the company

  • Official nameAB „Kiaulių veislininkystė“
  • Legal formPublic limited liability company (AB)
  • Company code303212036
  • SectorOther
  • Line of businessPig husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State99%
http://kiauliuveislininkyste.lt/
ROE

-12.6%

Number of employees

32

Financial data provided as at end-December 2018

Management

  • Vilius RekštysDirector General

Information as of: 2019/11/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Arūnas ŠileikaMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Darius VilimasMinistry of Agriculture
  • Evaldas PranckevičiusMinistry of Agriculture
  • Algis BaravykasLithuanian Pig Producers Association; Independent member
  • Irmantas PovilauskasVĮ Žemės ūkio informacijos ir kaimo verslo centras; Independent member
  • Edmundas AdomavičiusŽŪB Gražionių bekonas; Independent member

Information as of: 2019/11/01