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State Owned Enterprises

UAB „Projektų ekspertizė“ was registered in 1995. The main activity of the company is engineering and related technical consultancy, general and partial examination of new projects for construction, reconstruction and repair, and expertise in construction works.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 639 572 648 721
Cost of goods sold 317 238 292 371
Gross profit (loss) 322 335 356 350
Gross profit margin 50% 58% 55% 49%
Operating expenses 259 266 277 285
Operating profit (loss) 63 68 79 65
Operating profit margin 10% 12% 12% 9%
EBITDA 76 81 94 79
EBITDA margin 12% 14% 14% 11%
Net profit (loss) 58 60 71 57
Net profit margin 9% 10% 11% 8%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 233 216 281 274
Cost of goods sold 139 114 178 165
Gross profit 93 102 102 109
Gross profit margin 40% 47% 36% 40%
Operating expenses 64 70 62 67
Operating profit 30 32 40 42
Operating profit margin 13% 15% 14% 15%
EBITDA 24 38 47 49
EBITDA margin 10% 18% 17% 18%
Net profit 25 28 35 37
Net profit margin 11% 13% 12% 14%

Balance sheet

2015 2016 2017 2018
Non-current assets 480 475 417 311
Intangible assets 1 0 1 1
Tangible assets 179 175 168 160
Financial assets 300 300 249 150
Other non-current assets
Biological assets
Current assets 354 348 250 284
Inventories and prepaid expenses 26 3 3 3
Accounts receivable in one year 73 81 82 61
Other current assets 25 25
Cash and cash equivalents 230 239 165 220
Total assets 834 826 673 597
Equity 781 779 602 542
Minority share of capital
Grants and subsidies
Liabilities 53 47 71 55
Financial liabilities
Long-term liabilities
Short-term liabilities 53 47 71 55
Equity and liabilities 834 826 673 597
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 475 422 416 313
Intangible assets 0 1 1 1
Tangible assets 174 172 167 162
Financial assets 300 249 249 150
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 250 135 168 228
Inventories and prepaid expenses 6 10 9 13
Accounts receivable in one year 67 97 60 110
Other non-current assets 0 0 0 0
Cash and cash equivalents 177 28 99 105
Total assets 725 556 585 541
Equity 686 491 525 458
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 39 65 59 83
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 39 65 59 83
Equity and liabilities 725 556 585 541

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) -20% 7% 9% 9%
Return on equity (ROE) -34% 8% 10% 10%
Return on capital employed (ROCE) -28% 18% 28% 25%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.23
Current Ratio 1.73 7.40 3.51 5.19
Quick ratio 1.42 7.33 3.47 5.14
Turnover ratios
Asset turnover 0.13 0.69 0.86 1.14
Fixed asset turnover 0.43 1.20 1.45 1.98
Equity turnover 0.22 0.73 0.94 1.26
Profitability ratios
EBITDA margin -79% 14% 14% 11%
Operating profit margin -276% 12% 12% 9%
Net profit margin -155% 10% 11% 8%
Other ratios
Dividends to the State 0.00 248.10 116.50 77.20
Dividends paid / net profit 0.00 4.14 1.64 1.36
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 7% 8% 10% 13%
Return on equity (ROE) 8% 9% 10% 15%
Return on capital employed (ROCE) 9% 11% 12% 18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 6.39 2.07 2.84 2.75
Quick ratio 6.23 1.92 2.69 2.59
Turnover ratios
Asset turnover 0.59 0.70 0.76 1.01
Fixed asset turnover 0.90 1.00 1.11 1.51
Equity turnover 0.62 0.78 0.82 1.17
Profitability ratios
EBITDA margin 10% 18% 17% 18%
Operating profit margin 13% 15% 14% 15%
Net profit margin 11% 13% 12% 14%
Other ratios
Dividends to the State 223.30 103.50
Dividends paid / net profit 4.17 1.64

Expectations of the state

About the company

  • Official nameUAB „Projektų ekspertizė“
  • Legal formPrivate limited liability company (UAB)
  • Company code120091161
  • SectorOther
  • Line of businessConstruction planning and analysis
  • Institution representing the StateMinistry of Environment
  • Share belonging to the State100%
http://www.proex.lt/
Return to the State

77 EUR thousand

ROE

9.9%

Number of employees

22

Financial data provided as at end-December 2018

Management

  • Arvydas KuralavičiusDirector General

Information as of: 2019/11/01