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Valdymo koordinavimo centras

State Owned Enterprises

VĮ „Lietuvos paminklai“ started its activities in 1991. The company takes care of the proper management, protection of the architectural and art heritage, organize the proper construction work, provide public services and other.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 8,594 5,941 6,555 7,174
Cost of goods sold 8,091 5,488 6,046 6,646
Gross profit (loss) 503 453 509 528
Gross profit margin 6% 8% 8% 7%
Operating expenses 450 424 493 502
Operating profit (loss) 53 29 15 25
Operating profit margin 1% 0% 0% 0%
EBITDA 72 52 39 39
EBITDA margin 1% 1% 1% 1%
Net profit (loss) 45 25 11 23
Net profit margin 1% 0% 0% 0%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 3,502 2,032 4,523 956
Cost of goods sold 3,072 1,989 4,057 970
Gross profit 430 43 466 -14
Gross profit margin 12% 2% 10% -1%
Operating expenses 221 203 290 213
Operating profit 209 -161 176 -227
Operating profit margin 6% -8% 4% -24%
EBITDA 220 -149 188 -219
EBITDA margin 6% -7% 4% -23%
Net profit 204 -161 172 -227
Net profit margin 6% -8% 4% -24%

Balance sheet

2015 2016 2017 2018
Non-current assets 224 208 188 9
Intangible assets 5 5 2 0
Tangible assets 219 202 186 9
Financial assets
Other non-current assets
Biological assets
Current assets 693 484 487 742
Inventories and prepaid expenses 5 2 3 2
Accounts receivable in one year 111 153 67 114
Other current assets
Cash and cash equivalents 577 328 417 626
Total assets 920 698 676 755
Equity 532 534 533 391
Minority share of capital
Grants and subsidies
Liabilities 389 164 143 364
Financial liabilities
Long-term liabilities
Short-term liabilities 389 164 143 364
Equity and liabilities 920 698 676 755
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 208 193 188 179
Intangible assets 5 3 2 1
Tangible assets 202 190 186 178
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 490 1,290 488 629
Inventories and prepaid expenses 9 295 4 2
Accounts receivable in one year 153 759 67 465
Other non-current assets 0 0 0 8
Cash and cash equivalents 328 237 417 153
Total assets 698 1,483 676 808
Equity 534 361 533 306
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 164 1,122 143 502
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 164 1,122 143 502
Equity and liabilities 698 1,483 676 808

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 6% 3% 2% 3%
Return on equity (ROE) 6% 5% 2% 5%
Return on capital employed (ROCE) 7% 11% 6% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 13.24 2.95 3.40 2.04
Quick ratio 12.48 2.94 3.38 2.03
Turnover ratios
Asset turnover 0.51 7.34 9.54 10.03
Fixed asset turnover 1.08 27.53 33.17 72.93
Equity turnover 0.53 11.15 12.29 15.54
Profitability ratios
EBITDA margin 21% 1% 1% 1%
Operating profit margin 14% 0% 0% 0%
Net profit margin 12% 0% 0% 0%
Other ratios
Dividends to the State 504.33 12.46 131.76
Dividends paid / net profit 1.10 0.50 5.81
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 3% 3% 2% -5%
Return on equity (ROE) 5% 13% 2% -17%
Return on capital employed (ROCE) 6% 14% 3% -15%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 3.00 1.15 3.41 1.25
Quick ratio 2.94 0.89 3.38 1.25
Turnover ratios
Asset turnover 7.34 3.90 9.54 4.78
Fixed asset turnover 27.53 27.25 33.17 29.45
Equity turnover 11.15 16.02 12.29 16.44
Profitability ratios
EBITDA margin 6% -7% 4% -23%
Operating profit margin 6% -8% 4% -24%
Net profit margin 6% -8% 4% -24%
Other ratios
Dividends to the State 12.46 0.00
Dividends paid / net profit 0.50 0.00

Expectations of the state

Target return on equity

5,8%

About the company

  • Official nameVĮ „Lietuvos paminklai“
  • Legal formState enterprise (VĮ)
  • Company code110051791
  • SectorOther
  • Line of businessPreservation of properties of cultural heritage
  • Institution representing the StateDepartment of Cultural Heritage
  • Share belonging to the State100%
http://lpaminklai.lt/
Return to the State

133 EUR thousand

ROE

5.2%

Number of employees

40

Financial data provided as at end-December 2018

Management

  • Vydmantas DrumstaDirector General

Information as of: 2019/11/01