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Valdymo koordinavimo centras

State Owned Enterprises

Registrų centras was established in 1997. The company processes the cadastre and register, the register of addresses, the register of legal entities. The company also creates, deploys and develops information systems related to these and other registers, manages the archives of registers.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 30,219 36,892 39,122 39,079
Cost of goods sold 21,948 26,796 27,504 26,533
Gross profit (loss) 8,270 10,095 11,618 12,547
Gross profit margin 27% 27% 30% 32%
Operating expenses 8,103 9,945 10,734 10,579
Operating profit (loss) 168 150 884 1,968
Operating profit margin 1% 0% 2% 5%
EBITDA 1,607 2,470 4,017 5,430
EBITDA margin 5% 7% 10% 14%
Net profit (loss) 173 98 766 1,922
Net profit margin 1% 0% 2% 5%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 19,919 19,924 19,198 19,698
Cost of goods sold 15,137 14,183 13,321 13,178
Gross profit 4,782 5,741 5,877 6,520
Gross profit margin 24% 29% 31% 33%
Operating expenses 5,444 4,969 5,765 3,778
Operating profit -661 772 112 2,742
Operating profit margin -3% 4% 1% 14%
EBITDA 705 2,208 1,809 4,388
EBITDA margin 4% 11% 9% 22%
Net profit -587 633 133 2,343
Net profit margin -3% 3% 1% 12%

Balance sheet

2015 2016 2017 2018
Non-current assets 19,303 24,702 24,110 21,561
Intangible assets 1,677 2,869 2,915 2,755
Tangible assets 16,884 20,879 19,978 17,276
Financial assets 143 95 48
Other non-current assets 742 812 1,122 1,483
Biological assets
Current assets 2,906 5,078 5,528 8,723
Inventories and prepaid expenses 415 196 584 373
Accounts receivable in one year 1,802 2,303 2,365 2,591
Other current assets 359 485
Cash and cash equivalents 330 2,094 2,580 5,759
Total assets 22,493 30,140 29,989 30,652
Equity 13,452 18,505 19,084 19,892
Minority share of capital
Grants and subsidies 1,599 1,277 1,123 1,442
Liabilities 7,353 10,262 9,708 9,284
Financial liabilities 1,965 1,730 1,456 889
Long-term liabilities 1,805 1,682 941 367
Short-term liabilities 5,548 8,580 5,791 5,554
Equity and liabilities 22,493 30,140 29,989 30,652
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 24,702 24,590 24,110 23,083
Intangible assets 2,869 3,276 2,915 2,222
Tangible assets 20,879 20,305 19,978 19,619
Financial assets 143 143 95 95
Other non-current assets 812 866 1,122 1,147
Biological assets 0 0 0 0
Current assets 5,438 6,242 5,879 9,709
Inventories and prepaid expenses 556 1,343 934 446
Accounts receivable in one year 2,303 3,140 2,365 3,823
Other non-current assets 485 0 0 0
Cash and cash equivalents 2,094 1,759 2,580 5,440
Total assets 30,140 30,832 29,989 32,792
Equity 18,505 19,138 19,084 20,313
Minority share of capital 0 0 0 0
Grants and subsidies 1,277 1,484 1,123 1,352
Liabilities 10,358 10,210 9,782 11,127
Financial liabilities 1,730 1,788 1,456 1,111
Long-term liabilities 1,682 2,124 1,696 3,581
Short-term liabilities 8,676 8,086 8,086 7,547
Equity and liabilities 30,140 30,832 29,989 32,792

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) -0% 1% 3% 7%
Return on equity (ROE) -1% 2% 5% 11%
Return on capital employed (ROCE) -0% 2% 8% 18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.09 0.08 0.04
Current Ratio 2.11 0.59 0.95 1.57
Quick ratio 1.47 0.57 0.85 1.50
Turnover ratios
Asset turnover 0.08 1.40 1.30 1.29
Fixed asset turnover 0.08 1.68 1.60 1.71
Equity turnover 0.13 2.31 2.08 2.01
Profitability ratios
EBITDA margin 5% 7% 10% 14%
Operating profit margin -11% 0% 2% 5%
Net profit margin -11% 0% 2% 5%
Other ratios
Dividends to the State 0.00 187.00 1,111.00 1,324.80
Dividends paid / net profit 0.00 1.91 1.45 0.69
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 1% 1% 3% 9%
Return on equity (ROE) 2% 1% 5% 14%
Return on capital employed (ROCE) 2% 2% 6% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.06 0.05 0.03
Current Ratio 0.63 0.77 0.73 1.29
Quick ratio 0.56 0.61 0.61 1.23
Turnover ratios
Asset turnover 1.32 1.45 1.30 1.22
Fixed asset turnover 1.56 1.84 1.60 1.63
Equity turnover 2.26 2.34 2.08 1.97
Profitability ratios
EBITDA margin 4% 11% 9% 22%
Operating profit margin -3% 4% 1% 14%
Net profit margin -3% 3% 1% 12%
Other ratios
Dividends to the State 187.00 1,111.00
Dividends paid / net profit 1.91 1.45

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ Registrų centras
  • Legal formState enterprise (VĮ)
  • Company code124110246
  • SectorOther
  • Line of businessReal estate and enterprise registry
  • Institution representing the StateMinistry of the Economy and Innovation
  • Share belonging to the State100%
http://www.registrucentras.lt/
Return to the State

1.6 EUR milion

ROE

11.1%

Number of employees

1,645

Financial data provided as at end-December 2018

Management

  • Saulius UrbanavičiusDirector General

Information as of: 2019/11/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Egidijus VaišvilasUAB Executive advisors, UAB Baltic Clippers, Baltic Underwriting Agency; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Ingrida MiknevičienėVĮ Registrų centras
  • Ina BielskėAB Telia Lietuva; Independent member
  • Andrius ByčkovasCognizant Technology Solutions, UAB; Independent member

Information as of: 2019/11/01