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Valdymo koordinavimo centras

State Owned Enterprises

The company was established on June 1st 2014  by merging the State Enterprise at Pravieniškės 1st Correctional Home, State Enterprise at Alytus 1st Correctional Home and SE at Marijampolė 1st Correction House.

Typical activities of the company – metal processing, sewing of clothes, production of cast iron castings, various furniture, racking, clothes and documents for metal cabinets, locksmith’s work tables, cupboard tools, metal fences, containers, office furniture, various sewing production, laundry washing, bread-cake product baking, wood products, electrical engineering and various services for legal and natural persons. The purpose of the company is to recruit convicts in order to preserve and develop their working skills.

Financial results

P/L Statment

2014 2015 2016 2017
Revenue 6,288 7,251 6,281 6,908
Cost of goods sold 5,688 6,000 5,865 5,877
Gross profit 600 1,251 416 1,031
Gross profit margin 10% 17% 7% 15%
Operating expenses 1,707 1,172 1,250 914
Operating profit -1,107 79 -834 118
Operating profit margin -18% 1% -13% 2%
EBITDA -885 323 -580 129
EBITDA margin -14% 4% -9% 2%
Net profit -1,128 88 -847 92
Net profit margin -18% 1% -13% 1%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 3,201 3,207 3,701 2,787
Cost of goods sold 3,151 2,675 3,202 2,636
Gross profit 50 532 499 151
Gross profit margin 2% 17% 13% 5%
Operating expenses 702 399 515 477
Operating profit -652 134 -16 -326
Operating profit margin -20% 4% -0% -12%
EBITDA -532 260 -132 -199
EBITDA margin -17% 8% -4% -7%
Net profit -668 126 -34 -332
Net profit margin -21% 4% -1% -12%

Balance sheet

2014 2015 2016 2017
Non-current assets 3,408 3,469 3,583 3,405
Intangible assets 0 4 16 10
Tangible assets 3,407 3,465 3,567 3,396
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 3,554 3,550 3,299 3,231
Inventories and prepaid expenses 2,294 2,090 1,974 1,879
Accounts receivable in one year 1,032 728 997 920
Other non-current assets 0 217 13 4
Cash and cash equivalents 227 515 316 428
Total assets 6,961 7,019 6,882 6,636
Equity 5,409 5,496 4,649 4,741
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 250 250
Liabilities 1,553 1,523 1,983 1,645
Financial liabilities 9 217 341 1,505
Long-term liabilities 9 43 0 20
Short-term liabilities 1,544 1,480 1,983 1,625
Equity and liabilities 6,961 7,019 6,882 6,636
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 3,583 3,514 3,405 3,751
Intangible assets 16 13 10 9
Tangible assets 3,567 3,501 3,396 3,742
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 3,299 3,403 3,231 3,055
Inventories and prepaid expenses 1,974 2,282 1,879 1,758
Accounts receivable in one year 997 972 920 1,132
Other non-current assets 13 7 4 0
Cash and cash equivalents 316 142 428 165
Total assets 6,882 6,917 6,636 6,806
Equity 4,649 4,775 4,741 5,088
Minority share of capital 0 0 0 0
Grants and subsidies 250 250 250 0
Liabilities 1,983 1,892 1,645 1,718
Financial liabilities 341 1,892 1,505 1,718
Long-term liabilities 0 32 20 27
Short-term liabilities 1,983 1,861 1,625 1,691
Equity and liabilities 6,882 6,917 6,636 6,806

Financial ratios

2014 2015 2016 2017
Capital return ratios
Return on assets (ROA) -16% 1% -12% 1%
Return on equity (ROE) -21% 2% -17% 2%
Return on capital employed (ROCE) -21% 2% -16% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.03 0.05 0.23
Current Ratio 2.30 2.40 1.66 1.99
Quick ratio 0.82 0.99 0.67 0.83
Turnover ratios
Asset turnover 0.90 1.04 0.90 1.02
Fixed asset turnover 1.85 2.11 1.77 1.98
Equity turnover 1.16 1.33 1.24 1.47
Profitability ratios
EBITDA margin -14% 4% -9% 2%
Operating profit margin -18% 1% -13% 2%
Net profit margin -18% 1% -13% 1%
Other ratios
Dividends to the State 0.00 43.90 0.00 0.00
Dividends paid / net profit 0.00 0.50 0.00 0.00
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) -12% -8% 1% -5%
Return on equity (ROE) -17% -11% 2% -7%
Return on capital employed (ROCE) -16% -10% 2% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.27 0.23 0.25
Current Ratio 1.66 1.83 1.99 1.81
Quick ratio 0.67 0.60 0.83 0.77
Turnover ratios
Asset turnover 0.90 0.93 1.02 0.95
Fixed asset turnover 1.77 1.85 1.98 1.79
Equity turnover 1.24 1.27 1.47 1.32
Profitability ratios
EBITDA margin -17% 8% -4% -7%
Operating profit margin -20% 4% -0% -12%
Net profit margin -21% 4% -1% -12%
Other ratios
Dividends to the State 0.00 0.00
Dividends paid / net profit 0.00 0.00

Expectations of the state

Target return on equity

5,3%

About the company

  • Official nameMūsų amatai, VĮ
  • Legal formState enterprise (VĮ)
  • Company code303316138
  • SectorOther
  • Line of businessPlastmasės, medienos ir metalo apdirbimas, elektros instaliacijų, elektrotechnikos, siuvinių, betono, duonos gamyba
  • Institution representing the StatePrison Department
  • Share belonging to the State100%
http://www.musuamatai.com/
Return to the State

7 EUR thousand

ROE

2.1%

Number of employees

122

Financial data provided as at end-December 2017

Management

  • Jonas GrigasĮmonės direktorius (generalinis direktorius)

Information as of: 2019/03/01