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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

2016 2017
Revenue 249 254
Cost of goods sold 66 146
Gross profit 183 108
Gross profit margin 74% 42%
Operating expenses 167 288
Operating profit 16 -181
Operating profit margin 6% -71%
EBITDA 25 -172
EBITDA margin 10% -68%
Net profit 14 15
Net profit margin 6% 6%
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

2016 2017
Non-current assets 52 21
Intangible assets 0 0
Tangible assets 24 21
Financial assets 29 0
Other non-current assets 0 0
Biological assets 0 0
Current assets 109 64
Inventories and prepaid expenses 8 0
Accounts receivable in one year 32 39
Other non-current assets 51 0
Cash and cash equivalents 18 25
Total assets 161 85
Equity 82 12
Minority share of capital 0 0
Grants and subsidies 15 9
Liabilities 64 64
Financial liabilities 0 0
Long-term liabilities 0 0
Short-term liabilities 64 64
Equity and liabilities 161 85
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
Capital return ratios
Return on assets (ROA) 10% 13%
Return on equity (ROE) 19% 34%
Return on capital employed (ROCE) 18% -304%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00
Current Ratio 1.71 1.00
Quick ratio 1.59 0.99
Turnover ratios
Asset turnover 1.62 2.07
Fixed asset turnover 5.69 6.92
Equity turnover 3.30 5.40
Profitability ratios
EBITDA margin 10% -68%
Operating profit margin 6% -71%
Net profit margin 6% 6%
Other ratios
Dividends to the State 7.00 0.00
Dividends paid / net profit 0.50 0.00
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

34.3%

Number of employees

25

Financial data provided as at end-December 2017

Management

  • Paulius KalinaDirector General

Information as of: 2019/05/01