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Valdymo koordinavimo centras

State Owned Enterprises

In 1965, the Drainage system board (SSV) was established at the land improvement base in Šilutė district. Over time, both company status and company name have evolved, and in 2005, they were reregistered to UAB Šilutė Polderiai. The main activities of the company is the operation and repair of the polderical system, road repairs, forestry cleaning work, reconstruction of the pumping stations.

Financial results

P/L Statment

2014 2015 2016 2017
Revenue 2,817 4,328 1,772 2,597
Cost of goods sold 2,495 3,987 1,424 2,266
Gross profit 322 341 348 331
Gross profit margin 11% 8% 20% 13%
Operating expenses 227 284 294 271
Operating profit 95 57 54 61
Operating profit margin 3% 1% 3% 2%
EBITDA 167 140 115 151
EBITDA margin 6% 3% 7% 6%
Net profit 72 38 39 44
Net profit margin 3% 1% 2% 2%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 1,174 1,230 1,368 1,232
Cost of goods sold 928 1,095 1,171 1,084
Gross profit 246 135 197 148
Gross profit margin 21% 11% 14% 12%
Operating expenses 203 127 143 132
Operating profit 42 8 53 16
Operating profit margin 4% 1% 4% 1%
EBITDA 81 65 87 75
EBITDA margin 7% 5% 6% 6%
Net profit 37 5 39 7
Net profit margin 3% 0% 3% 1%

Balance sheet

2014 2015 2016 2017
Non-current assets 480 463 399 390
Intangible assets 3 1 0 2
Tangible assets 469 456 393 381
Financial assets 0 0 0 0
Other non-current assets 8 6 6 7
Biological assets 0 0 0 0
Current assets 929 709 678 978
Inventories and prepaid expenses 50 51 413 343
Accounts receivable in one year 822 641 237 626
Other non-current assets 0 7 0 0
Cash and cash equivalents 58 10 28 9
Total assets 1,409 1,172 1,077 1,368
Equity 832 812 794 809
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 578 360 283 559
Financial liabilities 116 116 116 139
Long-term liabilities 0 0 0 0
Short-term liabilities 578 360 283 559
Equity and liabilities 1,409 1,172 1,077 1,368
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 399 391 390 376
Intangible assets 0 2 2 1
Tangible assets 393 383 381 368
Financial assets 0 0 0 0
Other non-current assets 6 6 7 7
Biological assets 0 0 0 0
Current assets 678 889 978 1,050
Inventories and prepaid expenses 413 258 343 166
Accounts receivable in one year 237 574 626 857
Other non-current assets 0 5 0 0
Cash and cash equivalents 28 52 9 27
Total assets 1,077 1,280 1,368 1,426
Equity 794 770 809 782
Minority share of capital 0 0 0 0
Grants and subsidies 0 0 0 0
Liabilities 283 510 559 644
Financial liabilities 116 110 139 121
Long-term liabilities 0 0 0 108
Short-term liabilities 283 510 559 536
Equity and liabilities 1,077 1,280 1,368 1,426

Financial ratios

2014 2015 2016 2017
Capital return ratios
Return on assets (ROA) 5% 3% 4% 4%
Return on equity (ROE) 9% 5% 5% 6%
Return on capital employed (ROCE) 12% 7% 7% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.10 0.11 0.10
Current Ratio 1.61 1.97 2.40 1.75
Quick ratio 1.52 1.83 0.94 1.14
Turnover ratios
Asset turnover 1.91 3.35 1.58 2.12
Fixed asset turnover 5.75 9.18 4.11 6.58
Equity turnover 3.42 5.27 2.21 3.24
Profitability ratios
EBITDA margin 6% 3% 7% 6%
Operating profit margin 3% 1% 3% 2%
Net profit margin 3% 1% 2% 2%
Other ratios
Dividends to the State 47.15 47.17 19.29 24.03
Dividends paid / net profit 0.81 1.53 0.61 0.67
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 4% 3% 4% 4%
Return on equity (ROE) 5% 6% 6% 6%
Return on capital employed (ROCE) 7% 7% 8% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.11 0.09 0.10 0.08
Current Ratio 2.40 1.75 1.75 1.96
Quick ratio 0.94 1.24 1.14 1.65
Turnover ratios
Asset turnover 1.58 1.87 2.12 1.92
Fixed asset turnover 4.11 5.79 6.58 6.78
Equity turnover 2.21 3.13 3.24 3.35
Profitability ratios
EBITDA margin 7% 5% 6% 6%
Operating profit margin 4% 1% 4% 1%
Net profit margin 3% 0% 3% 1%
Other ratios
Dividends to the State 19.29 24.03
Dividends paid / net profit 0.61 0.67

Expectations of the state

Target return on equity

6,7%

About the company

  • Official nameUAB „Šilutės polderiai“
  • Legal formPrivate limited liability company (UAB)
  • Company code177002890
  • SectorOther
  • Line of businessPolderių sistemos (statyba)
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State81%
http://polderiai.lt/
Return to the State

30 EUR thousand

ROE

5.7%

Number of employees

73

Financial data provided as at end-December 2017

Management

  • Arūnas JagminasĮmonės direktorius (generalinis direktorius)

Information as of: 2019/03/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Linas LapinskasŽemės ūkio ministerijos Teisės departamento Teisės taikymo ir kooperacijos skyriaus patarėjas

MEMBERS OF THE BOARD OF DIRECTORS

  • Simona MartinkėNepriklausoma narė
  • Jonas LisauskasŽemės ūkio ministerijos Žemės ūkio gamybos ir maisto pramonės departamento direktoriaus pavaduotojas

Information as of: 2019/03/01