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Valdymo koordinavimo centras

State Owned Enterprises

The state-owned company “Baltija” was founded in 1991 January. Recreational home activities – accommodation services, rehabilitation treatment, support and outpatient rehabilitation, commercial treatment services, catering and organization of conferences and meetings.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 759 708 599 200
Cost of goods sold 629 688 549 37
Gross profit (loss) 129 20 50 163
Gross profit margin 17% 3% 8% 82%
Operating expenses 1,245 696 400 379
Operating profit (loss) -1,116 -676 -351 -215
Operating profit margin -147% -96% -59% -108%
EBITDA 349 501 -190 -74
EBITDA margin 46% 71% -32% -37%
Net profit (loss) 4 -685 -393 -264
Net profit margin 0% -97% -66% -132%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 399 319 280 25
Cost of goods sold 346 295 254 19
Gross profit 53 24 26 6
Gross profit margin 13% 7% 9% 25%
Operating expenses 391 243 157 145
Operating profit -338 -220 -131 -139
Operating profit margin -85% -69% -47% -558%
EBITDA 749 -138 -52 -69
EBITDA margin 188% -43% -19% -277%
Net profit -338 -242 -151 -171
Net profit margin -85% -76% -54% -691%

Balance sheet

2015 2016 2017 2018
Non-current assets 5,438 5,258 5,097 4,956
Intangible assets 9 6 2
Tangible assets 5,429 5,252 5,095 4,956
Financial assets
Other non-current assets
Biological assets
Current assets 90 37 11 45
Inventories and prepaid expenses 3 3 0 0
Accounts receivable in one year 64 27 2 4
Other current assets
Cash and cash equivalents 23 6 9 41
Total assets 5,528 5,295 5,108 5,002
Equity 4,676 3,991 3,598 3,333
Minority share of capital
Grants and subsidies
Liabilities 852 1,304 1,511 1,668
Financial liabilities 272 747 1,136 1,283
Long-term liabilities 270 744 1,136 1,283
Short-term liabilities 222 217 40 63
Equity and liabilities 5,528 5,295 5,108 5,002
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 5,258 5,176 5,097 5,025
Intangible assets 6 4 2 0
Tangible assets 5,252 5,172 5,095 5,025
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 37 63 11 37
Inventories and prepaid expenses 3 3 0 1
Accounts receivable in one year 28 45 2 17
Other non-current assets 0 3 0 2
Cash and cash equivalents 6 12 9 18
Total assets 5,295 5,239 5,108 5,062
Equity 3,991 3,749 3,598 3,426
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 1,304 1,490 1,511 1,636
Financial liabilities 744 961 1,136 1,231
Long-term liabilities 1,086 1,303 1,471 1,567
Short-term liabilities 218 187 40 69
Equity and liabilities 5,295 5,239 5,108 5,062

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) -5% -13% -8% -5%
Return on equity (ROE) 60% -16% -10% -8%
Return on capital employed (ROCE) -7% -27% -14% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.44 0.19 0.32 0.39
Current Ratio 0.12 0.17 0.28 0.72
Quick ratio 0.10 0.15 0.27 0.71
Turnover ratios
Asset turnover 0.17 0.13 0.12 0.04
Fixed asset turnover 0.18 0.13 0.12 0.04
Equity turnover -2.04 0.16 0.16 0.06
Profitability ratios
EBITDA margin -0% 71% -32% -37%
Operating profit margin -33% -96% -59% -108%
Net profit margin -29% -97% -66% -132%
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) -13% -11% -8% -6%
Return on equity (ROE) -15% -14% -10% -9%
Return on capital employed (ROCE) -13% -11% -7% -5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.18 0.22 0.24
Current Ratio 0.17 0.34 0.28 0.54
Quick ratio 0.16 0.32 0.28 0.53
Turnover ratios
Asset turnover 0.13 0.13 0.12 0.06
Fixed asset turnover 0.13 0.13 0.12 0.06
Equity turnover 0.16 0.18 0.16 0.08
Profitability ratios
EBITDA margin 188% -43% -19% -277%
Operating profit margin -85% -69% -47% -558%
Net profit margin -85% -76% -54% -691%
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

7,2%

About the company

  • Official nameUAB poilsio namai „Baltija“
  • Legal formPrivate limited liability company (UAB)
  • Company code152409533
  • SectorOther
  • Line of businessAccommodation services, recreational medical facility
  • Institution representing the StateVĮ Turto bankas
  • Share belonging to the State100%
http://www.baltijahotel.lt/
ROE

-7.6%

Number of employees

5

Financial data provided as at end-December 2018

Management

  • Sigutė Dindaitė-KairienėDirector General

Information as of: 2019/11/01