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Valdymo koordinavimo centras

State Owned Enterprises

Vį Mašinų bandymo stotis was registered in 1998. Company tests farm machinery and equipment, agricultural and forestry tractors, determining the conformity of consumption characteristics to the requirements of normative documents.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 41 249 254 410
Cost of goods sold 18 128 146 111
Gross profit (loss) 23 121 108 300
Gross profit margin 57% 48% 42% 73%
Operating expenses 36 288 289 266
Operating profit (loss) -13 -168 -181 34
Operating profit margin -31% -67% -71% 8%
EBITDA -11 -159 -172 41
EBITDA margin -28% -64% -68% 10%
Net profit (loss) -13 14 16 30
Net profit margin -31% 6% 6% 7%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 133 133 121 137
Cost of goods sold 30 0 146 60
Gross profit 103 133 -26 77
Gross profit margin 77% 100% -21% 56%
Operating expenses 93 128 160 142
Operating profit 9 5 -186 -65
Operating profit margin 7% 4% -154% -47%
EBITDA 14 9 -181 -62
EBITDA margin 10% 7% -149% -45%
Net profit 8 5 10 24
Net profit margin 6% 4% 8% 18%

Balance sheet

2015 2016 2017 2018
Non-current assets 35 52 21 33
Intangible assets 0
Tangible assets 35 24 21 33
Financial assets 0 29
Other non-current assets
Biological assets
Current assets 60 58 64 57
Inventories and prepaid expenses 10 8 0 0
Accounts receivable in one year 45 32 39 23
Other current assets
Cash and cash equivalents 5 18 25 33
Total assets 146 161 85 90
Equity 68 82 12 42
Minority share of capital
Grants and subsidies 19 15 9 8
Liabilities 58 64 64 40
Financial liabilities
Long-term liabilities
Short-term liabilities 58 64 64 40
Equity and liabilities 146 161 85 90
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 52 54 21 36
Intangible assets 0 0 0 0
Tangible assets 24 26 21 36
Financial assets 29 29 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 109 100 64 62
Inventories and prepaid expenses 8 1 0 0
Accounts receivable in one year 32 33 39 40
Other non-current assets 51 51 0 0
Cash and cash equivalents 18 16 25 21
Total assets 161 154 85 98
Equity 82 81 12 35
Minority share of capital 0 0 0 0
Grants and subsidies 15 10 9 8
Liabilities 64 63 64 54
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 64 63 64 54
Equity and liabilities 161 154 85 98

Financial ratios

2016 2017 2018
Capital return ratios
Return on assets (ROA) 10% 13% 35%
Return on equity (ROE) 19% 34% 114%
Return on capital employed (ROCE) -345% -1722% 139%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 0.91 1.00 1.41
Quick ratio 0.79 0.99 1.40
Turnover ratios
Asset turnover 1.62 2.07 4.70
Fixed asset turnover 5.69 6.92 15.17
Equity turnover 3.31 5.41 15.34
Profitability ratios
EBITDA margin -64% -68% 10%
Operating profit margin -67% -71% 8%
Net profit margin 6% 6% 7%
Other ratios
Dividends to the State 6.96
Dividends paid / net profit 0.50
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 10% 9% 13% 28%
Return on equity (ROE) 19% 18% 34% 60%
Return on capital employed (ROCE) 18% 17% -304% -372%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.71 1.58 1.00 1.14
Quick ratio 1.59 1.57 0.99 1.14
Turnover ratios
Asset turnover 1.62 1.61 2.07 2.05
Fixed asset turnover 5.69 6.37 6.92 5.70
Equity turnover 3.30 3.44 5.40 4.43
Profitability ratios
EBITDA margin 10% 7% -149% -45%
Operating profit margin 7% 4% -154% -47%
Net profit margin 6% 4% 8% 18%
Other ratios
Dividends to the State 7.00 0.00
Dividends paid / net profit 0.50 0.00

Expectations of the state

Target return on equity

13,3%

About the company

  • Official nameVĮ Mašinų bandymo stotis
  • Legal formState enterprise (VĮ)
  • Company code190819979
  • SectorOther
  • Line of businessTest and certification of industry equipment and agricultural machinery
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State100%
http://www.bandymai.lt
Return to the State

1 EUR thousand

ROE

113.9%

Number of employees

13

Financial data provided as at end-December 2018

Management

  • Paulius KalinaDirector General

Information as of: 2019/11/01