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State Owned Enterprises

UAB „Klaipėdos žuvininkystės produktų aukcionas“ was registered in 2004. The main activity of the company is  buying, sorting, processing, trading of fishery products and producing ice products. Until 2015 the company’s main activity was by auction method to mediate between the primary fish seller and the buyer by selling and purchasing fishery products.

Financial results

P/L Statment

2014 2015 2016
Revenue 87 3 73
Cost of goods sold 28 1 55
Gross profit 59 2 18
Gross profit margin 68% 71% 25%
Operating expenses 137 110 219
Operating profit -77 -107 -201
Operating profit margin -88% -3465% -275%
EBITDA -57 -78 -185
EBITDA margin -66% -2506% -254%
Net profit -71 -89 -201
Net profit margin -81% -2865% -276%
2016 Q4 2017 Q2
Revenue 30 14
Cost of goods sold 19 9
Gross profit 11 5
Gross profit margin 37% 36%
Operating expenses 89 71
Operating profit -78 -66
Operating profit margin -260% -487%
EBITDA -88 -55
EBITDA margin -295% -403%
Net profit -76 -72
Net profit margin -255% -526%

Balance sheet

2014 2015 2016
Non-current assets 843 2,146 2,035
Intangible assets 2 0 0
Tangible assets 841 2,146 2,035
Financial assets 0 0 0
Other non-current assets 0 0 0
Biological assets 0 0 0
Current assets 1,496 656 33
Inventories and prepaid expenses 31 11 14
Accounts receivable in one year 1,464 445 18
Other non-current assets 0 0 0
Cash and cash equivalents 0 201 1
Total assets 2,338 2,803 2,068
Equity -8 3 -199
Minority share of capital 0 0 0
Grants and subsidies 2,206 2,034 1,930
Liabilities 141 766 337
Financial liabilities 41 698 175
Long-term liabilities 0 0 0
Short-term liabilities 141 766 337
Equity and liabilities 2,338 2,803 2,068
2016 Q4 2017 Q2
Non-current assets 2,035 1,961
Intangible assets 0 1
Tangible assets 2,035 1,961
Financial assets 0 0
Other non-current assets 0 0
Biological assets 0 0
Current assets 33 42
Inventories and prepaid expenses 14 20
Accounts receivable in one year 18 23
Other non-current assets 0 0
Cash and cash equivalents 1 0
Total assets 2,068 2,004
Equity -199 -71
Minority share of capital 0 0
Grants and subsidies 1,930 1,864
Liabilities 337 211
Financial liabilities 175 0
Long-term liabilities 0 0
Short-term liabilities 337 211
Equity and liabilities 2,068 2,004

Financial ratios

2014 2015 2016
Capital return ratios
Return on assets (ROA) -4% -3% -8%
Return on equity (ROE) -208% 3071% 205%
Return on capital employed (ROCE) -5% -4% -10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.25 0.08
Current Ratio 10.63 0.86 0.10
Quick ratio 10.40 0.84 0.06
Turnover ratios
Asset turnover 0.05 0.00 0.03
Fixed asset turnover 0.10 0.00 0.03
Equity turnover 2.55 -1.07 -0.74
Profitability ratios
EBITDA margin -66% -2506% -254%
Operating profit margin -88% -3465% -275%
Net profit margin -81% -2865% -276%
Other ratios
Dividends to the State 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00
2016 Q4 2017 Q2
Capital return ratios
Return on assets (ROA) -8% -7%
Return on equity (ROE) 205% 153%
Return on capital employed (ROCE) -10% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.00
Current Ratio 0.10 0.20
Quick ratio 0.06 0.11
Turnover ratios
Asset turnover 0.03 0.02
Fixed asset turnover 0.03 0.02
Equity turnover -0.74 -0.45
Profitability ratios
EBITDA margin -295% -403%
Operating profit margin -260% -487%
Net profit margin -255% -526%
Other ratios
Dividends to the State 0.00
Dividends paid / net profit 0.00

Expectations of the state

Target return on equity

7,1%

About the company

  • Official nameUAB Klaipėdos žuvininkystės produktų aukcionas
  • Legal formPrivate limited liability company (UAB)
  • Company code300046470
  • SectorOther
  • Line of businessIntermediation in fish market
  • Institution representing the StateVĮ Turto bankas
  • Share belonging to the State100%
http://www.zuvuaukcionas.lt/

Financial data provided as at end-December 2017

Management

  • Bankroto administratorius Arvydas BatutisDirector General

Information as of: 2019/05/01