• en
  • lt
Valdymo koordinavimo centras

State Owned Enterprises

AB Lietuvos veislininkystė was established in 2012 January 2, after reorganization of AB Marijampolės regiono veislininkystė and AB Šiaulių regiono veislininkystė. Company keeps the most popular bull breeds of Lithuanian and Western countries and their accumulated sperm.

Financial results

P/L Statment

2014 2015 2016 2017
Revenue 1,067 1,142 1,252 1,307
Cost of goods sold 399 561 582 621
Gross profit 668 581 670 686
Gross profit margin 63% 51% 54% 52%
Operating expenses 612 546 618 594
Operating profit 56 35 52 92
Operating profit margin 5% 3% 4% 7%
EBITDA 109 100 121 139
EBITDA margin 10% 9% 10% 11%
Net profit 76 59 76 91
Net profit margin 7% 5% 6% 7%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 719 595 712 726
Cost of goods sold 342 277 345 344
Gross profit 377 319 367 382
Gross profit margin 52% 54% 52% 53%
Operating expenses 369 227 367 248
Operating profit 8 92 0 134
Operating profit margin 1% 15% 0% 18%
EBITDA 42 113 26 156
EBITDA margin 6% 19% 4% 21%
Net profit 24 81 10 115
Net profit margin 3% 14% 1% 16%

Balance sheet

2014 2015 2016 2017
Non-current assets 349 356 295 260
Intangible assets 0 0 0 0
Tangible assets 240 241 217 197
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 109 115 77 63
Current assets 1,165 1,253 1,333 1,488
Inventories and prepaid expenses 474 554 663 882
Accounts receivable in one year 238 262 242 221
Other non-current assets 0 0 0 0
Cash and cash equivalents 452 437 428 385
Total assets 1,514 1,609 1,628 1,748
Equity 1,436 1,436 1,455 1,485
Minority share of capital 0 0 0 0
Grants and subsidies 1 0 0 0
Liabilities 77 173 173 263
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 77 173 173 263
Equity and liabilities 1,514 1,609 1,628 1,748
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 295 210 260 244
Intangible assets 0 0 0 0
Tangible assets 217 209 197 189
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 77 0 63 55
Current assets 1,333 1,516 1,488 1,548
Inventories and prepaid expenses 663 865 882 981
Accounts receivable in one year 242 310 221 280
Other non-current assets 0 0 0 8
Cash and cash equivalents 428 341 385 280
Total assets 1,628 1,725 1,748 1,793
Equity 1,455 1,489 1,485 1,541
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 173 236 263 251
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 173 236 263 251
Equity and liabilities 1,628 1,725 1,748 1,793

Financial ratios

2014 2015 2016 2017
Capital return ratios
Return on assets (ROA) 3% 4% 5% 5%
Return on equity (ROE) 3% 4% 5% 6%
Return on capital employed (ROCE) 4% 4% 6% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 15.12 7.25 7.72 5.65
Quick ratio 8.96 4.04 3.88 2.30
Turnover ratios
Asset turnover 0.46 0.73 0.77 0.77
Fixed asset turnover 0.95 3.24 3.85 4.71
Equity turnover 0.49 0.80 0.87 0.89
Profitability ratios
EBITDA margin 10% 9% 10% 11%
Operating profit margin 5% 3% 4% 7%
Net profit margin 7% 5% 6% 7%
Other ratios
Dividends to the State 60.50 56.13 59.73 77.55
Dividends paid / net profit 0.80 0.95 0.79 0.86
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 5% 6% 5% 7%
Return on equity (ROE) 5% 7% 6% 8%
Return on capital employed (ROCE) 6% 8% 7% 9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 7.72 6.41 5.65 6.16
Quick ratio 3.88 2.75 2.30 2.26
Turnover ratios
Asset turnover 0.77 0.78 0.77 0.82
Fixed asset turnover 3.85 4.69 4.71 6.33
Equity turnover 0.87 0.90 0.89 0.95
Profitability ratios
EBITDA margin 6% 19% 4% 21%
Operating profit margin 1% 15% 0% 18%
Net profit margin 3% 14% 1% 16%
Other ratios
Dividends to the State 59.76 77.58
Dividends paid / net profit 0.79 0.86

Expectations of the state

Target return on equity

5,3%

About the company

  • Official nameAB „Lietuvos veislininkystė“
  • Legal formPublic limited liability company (AB)
  • Company code302705528
  • SectorOther
  • Line of businessAnimal husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State99%
http://www.veislita.lt/
Return to the State

78 EUR thousand

ROE

6.2%

Number of employees

36

Financial data provided as at end-December 2017

Management

  • Gediminas ValiulisDirector General

Information as of: 2019/05/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Evaldas PranckevičiusMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Vita JurgilienėMinistry of Agriculture
  • Modestas VažnevičiusMinistry of Agriculture
  • Romanas KančauskasAB Lietuvos geležinkeliai; Independent member
  • Vilius ŽiogasFarmer, Independent member
  • Evaldas AntaniūnasMinistry of Agriculture

Information as of: 2019/05/01