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Valdymo koordinavimo centras

State Owned Enterprises

Private limited liability company “Šilutės veislininkystė” was registered in 1998. The company’s economic activity is the production and assessment of fattening bulls in terms of meat qualities. The company also carries out animal trade for breeding and meat.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 205 240 224 211
Cost of goods sold 331 481 106 231
Gross profit (loss) -126 -241 118 -21
Gross profit margin -61% -100% 53% -10%
Operating expenses 116 97 105 114
Operating profit (loss) -242 -338 13 -135
Operating profit margin -118% -141% 6% -64%
EBITDA 104 109 101 -45
EBITDA margin 51% 45% 45% -21%
Net profit (loss) 7 9 9 -135
Net profit margin 3% 4% 4% -64%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 320 265 316 212
Cost of goods sold 196 214 244 355
Gross profit 124 50 72 -143
Gross profit margin 39% 19% 23% -67%
Operating expenses 54 70 43 54
Operating profit 70 -20 29 -197
Operating profit margin 22% -8% 9% -93%
EBITDA 112 24 71 -156
EBITDA margin 35% 9% 22% -73%
Net profit 67 -25 34 -200
Net profit margin 21% -10% 11% -94%

Balance sheet

2015 2016 2017 2018
Non-current assets 797 739 749 682
Intangible assets 2 1 0
Tangible assets 797 738 748 682
Financial assets
Other non-current assets
Biological assets
Current assets 696 725 696 725
Inventories and prepaid expenses 565 544 529 595
Accounts receivable in one year 117 164 130 81
Other current assets
Cash and cash equivalents 14 17 37 49
Total assets 1,493 1,465 1,446 1,408
Equity 696 685 683 543
Minority share of capital
Grants and subsidies 578 539 523 484
Liabilities 219 240 239 381
Financial liabilities 119 104 141 240
Long-term liabilities 89 60 107 178
Short-term liabilities 131 180 132 203
Equity and liabilities 1,493 1,465 1,446 1,408
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 739 733 749 722
Intangible assets 2 1 1 1
Tangible assets 738 731 748 721
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 725 695 697 539
Inventories and prepaid expenses 545 604 529 416
Accounts receivable in one year 164 61 130 114
Other non-current assets 0 0 0 0
Cash and cash equivalents 17 31 37 9
Total assets 1,465 1,428 1,446 1,261
Equity 685 649 683 478
Minority share of capital 0 0 0 0
Grants and subsidies 539 520 523 504
Liabilities 240 259 239 280
Financial liabilities 0 0 0 157
Long-term liabilities 60 113 107 144
Short-term liabilities 180 146 132 136
Equity and liabilities 1,465 1,428 1,446 1,261

Financial ratios

2016 2017 2018
Capital return ratios
Return on assets (ROA) 1% 1% -9%
Return on equity (ROE) 1% 1% -22%
Return on capital employed (ROCE) 2% 2% -21%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.21 0.44
Current Ratio 4.03 5.27 3.56
Quick ratio 1.00 1.26 0.64
Turnover ratios
Asset turnover 0.16 0.15 0.15
Fixed asset turnover 0.31 0.30 0.29
Equity turnover 0.35 0.33 0.34
Profitability ratios
EBITDA margin 45% 45% -21%
Operating profit margin -141% 6% -64%
Net profit margin 4% 4% -64%
Other ratios
Dividends to the State 10.66 5.45
Dividends paid / net profit 1.18 0.63
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 1% 3% 1% -12%
Return on equity (ROE) 1% 7% 1% -29%
Return on capital employed (ROCE) 1% 3% 1% -14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.12
Current Ratio 4.03 4.77 5.28 3.96
Quick ratio 1.00 0.63 1.27 0.91
Turnover ratios
Asset turnover 0.40 0.42 0.40 0.39
Fixed asset turnover 0.58 0.79 0.78 0.73
Equity turnover 0.85 0.92 0.85 0.94
Profitability ratios
EBITDA margin 35% 9% 22% -73%
Operating profit margin 22% -8% 9% -93%
Net profit margin 21% -10% 11% -94%
Other ratios
Dividends to the State 10.34 5.26
Dividends paid / net profit 1.19 0.63

Expectations of the state

Target return on equity

5.0%

About the company

  • Official nameUAB „Šilutės veislininkystė“
  • Legal formPrivate limited liability company (UAB)
  • Company code177005858
  • SectorOther
  • Line of businessAnimal husbandry
  • Institution representing the StateMinistry of Agriculture
  • Share belonging to the State96.5%
http://buliukai.lt/
ROE

-22.0%

Number of employees

10

Financial data provided as at end-December 2018

Management

  • Šarūnas NenartavičiusDirector General

Information as of: 2019/11/01