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Valdymo koordinavimo centras

State Owned Enterprises

UAB Panevėžio veislininkystė was registered in 1992. It is a long-established company engaged in animal breeding, animal productivity control and animal insemination.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 226 1,482 1,267 1,500
Cost of goods sold 130 1,341 1,233 1,348
Gross profit (loss) 97 141 34 152
Gross profit margin 43% 10% 3% 10%
Operating expenses 79 105 139 118
Operating profit (loss) 18 36 -105 34
Operating profit margin 8% 2% -8% 2%
EBITDA 31 48 9 144
EBITDA margin 14% 3% 1% 10%
Net profit (loss) 5 35 -102 27
Net profit margin 2% 2% -8% 2%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 928 711 556 768
Cost of goods sold 847 703 530 750
Gross profit 81 8 26 18
Gross profit margin 9% 1% 5% 2%
Operating expenses 56 53 86 44
Operating profit 25 -45 -60 -26
Operating profit margin 3% -6% -11% -3%
EBITDA 32 -24 -65 -20
EBITDA margin 3% -3% -12% -3%
Net profit 24 -33 -69 -28
Net profit margin 3% -5% -12% -4%

Balance sheet

2015 2016 2017 2018
Non-current assets 1,352 1,264 1,152 1,043
Intangible assets 0 0
Tangible assets 1,351 1,264 1,152 1,042
Financial assets 0 0 0 0
Other non-current assets
Biological assets
Current assets 56 96 150 53
Inventories and prepaid expenses 3 24 101 26
Accounts receivable in one year 22 66 36 20
Other current assets
Cash and cash equivalents 31 5 13 7
Total assets 1,409 1,361 1,304 1,097
Equity 149 184 82 109
Minority share of capital
Grants and subsidies 1,217 1,118 1,020 921
Liabilities 43 59 202 66
Financial liabilities 43 59 17 12
Long-term liabilities 17 12 8
Short-term liabilities 43 42 190 59
Equity and liabilities 1,409 1,361 1,303 1,097
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 1,264 1,208 1,152 1,097
Intangible assets 0 0 0 0
Tangible assets 1,264 1,208 1,152 1,097
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 96 78 151 160
Inventories and prepaid expenses 25 11 102 84
Accounts receivable in one year 66 60 36 36
Other non-current assets 0 0 0 0
Cash and cash equivalents 5 7 13 40
Total assets 1,360 1,286 1,303 1,257
Equity 183 150 81 55
Minority share of capital 0 0 0 0
Grants and subsidies 1,118 1,069 1,020 986
Liabilities 59 67 202 216
Financial liabilities 59 67 202 216
Long-term liabilities 17 17 12 12
Short-term liabilities 42 50 190 204
Equity and liabilities 1,360 1,286 1,303 1,257

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) -9% 3% -8% 2%
Return on equity (ROE) -11% 21% -77% 28%
Return on capital employed (ROCE) -10% 6% -18% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.32 0.20 0.11
Current Ratio 0.60 2.30 0.79 0.91
Quick ratio 0.53 1.72 0.26 0.46
Turnover ratios
Asset turnover 1.30 1.07 0.95 1.25
Fixed asset turnover 1.42 1.13 1.05 1.37
Equity turnover 1.64 8.90 9.51 15.72
Profitability ratios
EBITDA margin -3% 3% 1% 10%
Operating profit margin -7% 2% -8% 2%
Net profit margin -7% 2% -8% 2%
Other ratios
Dividends to the State 0.00
Dividends paid / net profit 0.00
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 3% -1% -8% -8%
Return on equity (ROE) 21% -6% -77% -95%
Return on capital employed (ROCE) 3% -1% -8% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.05 0.16 0.17
Current Ratio 2.29 1.56 0.79 0.78
Quick ratio 1.69 1.34 0.26 0.37
Turnover ratios
Asset turnover 1.07 1.23 0.95 1.04
Fixed asset turnover 1.13 1.31 1.05 1.15
Equity turnover 8.90 10.54 9.60 12.92
Profitability ratios
EBITDA margin 3% -3% -12% -3%
Operating profit margin 3% -6% -11% -3%
Net profit margin 3% -5% -12% -4%
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 nameUAB „Panevėžio veislininkystė“
  • Legal formPrivate limited liability company (UAB)
  • Company code168559278
  • SectorOther
  • Line of businessAnimal husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State97%
http://panevezioveislininkyste.lt/
ROE

28.1%

Number of employees

4

Financial data provided as at end-December 2018

Management

  • Nerijus GriciusDirector General

Information as of: 2019/11/01