• en
  • lt
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

2015 2016 2017 2018
Revenue 4,329 1,772 2,597 3,748
Cost of goods sold 3,988 1,424 2,266 3,360
Gross profit (loss) 340 348 332 388
Gross profit margin 8% 20% 13% 10%
Operating expenses 284 294 271 329
Operating profit (loss) 57 55 61 59
Operating profit margin 1% 3% 2% 2%
EBITDA 140 115 151 175
EBITDA margin 3% 7% 6% 5%
Net profit (loss) 38 39 45 52
Net profit margin 1% 2% 2% 1%
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

2015 2016 2017 2018
Non-current assets 463 399 390 403
Intangible assets 1 0 2 1
Tangible assets 456 393 381 395
Financial assets
Other non-current assets 6 6 7 7
Biological assets
Current assets 273 609 769 658
Inventories and prepaid expenses 51 413 343 162
Accounts receivable in one year 212 168 417 242
Other current assets
Cash and cash equivalents 10 28 9 254
Total assets 1,172 1,077 1,368 1,305
Equity 812 794 809 825
Minority share of capital
Grants and subsidies
Liabilities 360 283 559 481
Financial liabilities 116 116 139 131
Long-term liabilities 117
Short-term liabilities 360 283 559 364
Equity and liabilities 1,172 1,077 1,368 1,305
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

2016 2017 2018
Capital return ratios
Return on assets (ROA) 4% 4% 4%
Return on equity (ROE) 5% 6% 6%
Return on capital employed (ROCE) 14% 15% 15%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.17 0.16
Current Ratio 2.15 1.38 1.81
Quick ratio 0.69 0.76 1.36
Turnover ratios
Asset turnover 1.58 2.12 2.80
Fixed asset turnover 4.11 6.58 9.46
Equity turnover 2.21 3.24 4.59
Profitability ratios
EBITDA margin 7% 6% 5%
Operating profit margin 3% 2% 2%
Net profit margin 2% 2% 1%
Other ratios
Dividends to the State 23.82 29.66 36.95
Dividends paid / net profit 0.61 0.67 0.71
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 businessPolder construction
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State81%
http://polderiai.lt/
Return to the State

38 EUR thousand

ROE

6.4%

Number of employees

83

Financial data provided as at end-December 2018

Management

  • Arūnas JagminasDirector General

Information as of: 2019/11/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Linas LapinskasMinistry of Agriculture

MEMBERS OF THE BOARD OF DIRECTORS

  • Simona MartinkėIndependent member
  • Jonas LisauskasMinistry of Agriculture
  • Arūnas DrūliaIndependent member

Information as of: 2019/11/01