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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

2014 2015 2016 2017
Revenue 69 226 1,482 1,267
Cost of goods sold 44 130 1,341 1,233
Gross profit 24 96 141 34
Gross profit margin 35% 42% 10% 3%
Operating expenses 84 78 105 139
Operating profit -60 18 36 -105
Operating profit margin -87% 8% 2% -8%
EBITDA -39 30 48 -89
EBITDA margin -57% 13% 3% -7%
Net profit -52 5 35 -102
Net profit margin -76% 2% 2% -8%
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

2014 2015 2016 2017
Non-current assets 596 1,351 1,264 1,152
Intangible assets 0 0 0 0
Tangible assets 595 1,351 1,264 1,152
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 154 57 96 151
Inventories and prepaid expenses 7 4 25 102
Accounts receivable in one year 101 22 66 36
Other non-current assets 0 0 0 0
Cash and cash equivalents 46 31 5 13
Total assets 750 1,408 1,360 1,303
Equity 144 148 183 81
Minority share of capital 0 0 0 0
Grants and subsidies 21 1,217 1,118 1,020
Liabilities 585 43 59 202
Financial liabilities 0 0 59 202
Long-term liabilities 0 0 17 12
Short-term liabilities 585 43 42 190
Equity and liabilities 750 1,408 1,360 1,303
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

2014 2015 2016 2017
Capital return ratios
Return on assets (ROA) -11% 0% 3% -8%
Return on equity (ROE) -31% 3% 21% -77%
Return on capital employed (ROCE) -27% 3% 3% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.04 0.16
Current Ratio 0.26 1.33 2.29 0.79
Quick ratio 0.25 1.23 1.69 0.26
Turnover ratios
Asset turnover 0.14 0.21 1.07 0.95
Fixed asset turnover 0.18 0.23 1.13 1.05
Equity turnover 0.40 1.55 8.90 9.60
Profitability ratios
EBITDA margin -57% 13% 3% -7%
Operating profit margin -87% 8% 2% -8%
Net profit margin -76% 2% 2% -8%
Other ratios
Dividends to the State 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 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

-77.3%

Number of employees

8

Financial data provided as at end-December 2017

Management

  • Nerijus GriciusDirector General

Information as of: 2019/05/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Laura SosunovičienėMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Zigmas MedingisMinistry of Agriculture
  • Nikolajus DubnikovasFarmer; Independent member
  • Povilas KaušpėdasFarmer, Association of Lithuanian Beef Growers; Independent member
  • Arvydas ŠlivinskasFarmer; Independent member

Information as of: 2019/05/01