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Valdymo koordinavimo centras

State Owned Enterprises

Established in 1991, Lietpraba was re-registered in 1995 as „Lietuvos prabavimo rūmai“. The company protects the rights of precious metals and gemstones consumers, protects them and the interests of the state in the production, processing, purchase, sale, use, storage and export or import of precious metals and precious stones. The company performs precious metal research, control analysis, worshiping, embossing, expertise, characterization, quality certification and other activities.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 528 558 579 594
Cost of goods sold 246 267 292 301
Gross profit (loss) 282 291 287 293
Gross profit margin 53% 52% 50% 49%
Operating expenses 301 300 252 273
Operating profit (loss) -19 -9 35 21
Operating profit margin -4% -2% 6% 3%
EBITDA 48 57 111 84
EBITDA margin 9% 10% 19% 14%
Net profit (loss) -1 3 36 20
Net profit margin -0% 0% 6% 3%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 297 260 320 273
Cost of goods sold 137 160 132 137
Gross profit 160 100 188 136
Gross profit margin 54% 38% 59% 50%
Operating expenses 167 109 143 142
Operating profit -8 -10 45 -7
Operating profit margin -3% -4% 14% -2%
EBITDA 26 28 83 27
EBITDA margin 9% 11% 26% 10%
Net profit 0 -6 43 -5
Net profit margin 0% -2% 13% -2%

Balance sheet

2015 2016 2017 2018
Non-current assets 2,469 1,838 1,230 783
Intangible assets 19 14 14 18
Tangible assets 1,266 1,245 1,216 765
Financial assets 1,185 580
Other non-current assets
Biological assets
Current assets 1,022 1,665 2,315 1,846
Inventories and prepaid expenses 52 52 45 487
Accounts receivable in one year 8 5 6 5
Other current assets 842 1,072 572
Cash and cash equivalents 121 536 1,691 1,354
Total assets 3,495 3,505 3,546 2,629
Equity 3,459 3,461 3,490 2,581
Minority share of capital
Grants and subsidies
Liabilities 36 44 57 49
Financial liabilities
Long-term liabilities
Short-term liabilities 36 44 57 49
Equity and liabilities 3,495 3,505 3,546 2,629
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 1,838 1,795 1,230 1,257
Intangible assets 14 12 14 16
Tangible assets 1,245 1,203 1,216 1,241
Financial assets 580 580 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 1,667 1,739 2,316 1,381
Inventories and prepaid expenses 54 54 46 52
Accounts receivable in one year 5 56 6 44
Other non-current assets 1,072 471 572 473
Cash and cash equivalents 536 1,158 1,691 813
Total assets 3,505 3,534 3,546 2,638
Equity 3,461 3,448 3,490 2,555
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 44 86 57 83
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 44 86 57 83
Equity and liabilities 3,505 3,534 3,546 2,638

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 3% 1% 2% 2%
Return on equity (ROE) 3% 1% 2% 2%
Return on capital employed (ROCE) 4% -0% 2% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 5.76 38.10 40.97 37.90
Quick ratio 4.67 36.90 40.18 27.90
Turnover ratios
Asset turnover 0.58 0.16 0.16 0.19
Fixed asset turnover 0.89 0.26 0.38 0.59
Equity turnover 0.61 0.16 0.17 0.20
Profitability ratios
EBITDA margin 16% 10% 19% 14%
Operating profit margin 5% -2% 6% 3%
Net profit margin 5% 0% 6% 3%
Other ratios
Dividends to the State 261.40 1.30 929.00 204.00
Dividends paid / net profit 2.20 0.52 25.66 10.36
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 1% 1% 2% 2%
Return on equity (ROE) 1% 1% 2% 2%
Return on capital employed (ROCE) 1% 1% 2% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 38.14 20.17 40.99 16.70
Quick ratio 36.90 19.55 40.18 16.08
Turnover ratios
Asset turnover 0.16 0.16 0.16 0.19
Fixed asset turnover 0.26 0.26 0.38 0.39
Equity turnover 0.16 0.16 0.17 0.20
Profitability ratios
EBITDA margin 9% 11% 26% 10%
Operating profit margin -3% -4% 14% -2%
Net profit margin 0% -2% 13% -2%
Other ratios
Dividends to the State 1.30 1.20
Dividends paid / net profit 0.52 0.03

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ „Lietuvos prabavimo rūmai“
  • Legal formState enterprise (VĮ)
  • Company code152035320
  • SectorOther
  • Line of businessAssaying of precious metals and stones
  • Institution representing the StateMinistry of Finance
  • Share belonging to the State100%
http://www.lpr.lt/
Return to the State

246 EUR thousand

ROE

1.8%

Number of employees

25

Financial data provided as at end-December 2018

Management

  • Gintautas BagotyriusDirector General

Information as of: 2019/11/01