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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

2014 2015 2016 2017
Revenue 350 448 590 581
Cost of goods sold 208 279 481 459
Gross profit 142 169 109 123
Gross profit margin 41% 38% 18% 21%
Operating expenses 164 167 96 114
Operating profit -22 1 13 9
Operating profit margin -6% 0% 2% 1%
EBITDA 48 65 106 95
EBITDA margin 14% 15% 18% 16%
Net profit -20 7 9 9
Net profit margin -6% 2% 2% 1%
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

2014 2015 2016 2017
Non-current assets 1,055 1,310 739 749
Intangible assets 0 0 2 1
Tangible assets 681 797 738 748
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 375 513 0 0
Current assets 393 183 725 697
Inventories and prepaid expenses 88 52 545 529
Accounts receivable in one year 300 117 164 130
Other non-current assets 0 0 0 0
Cash and cash equivalents 6 14 17 37
Total assets 1,449 1,493 1,465 1,446
Equity 730 696 685 683
Minority share of capital 0 0 0 0
Grants and subsidies 467 578 539 523
Liabilities 251 219 240 239
Financial liabilities 0 119 0 0
Long-term liabilities 0 89 60 107
Short-term liabilities 251 131 180 132
Equity and liabilities 1,449 1,493 1,465 1,446
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

2014 2015 2016 2017
Capital return ratios
Return on assets (ROA) -2% 0% 1% 1%
Return on equity (ROE) -3% 1% 1% 1%
Return on capital employed (ROCE) -2% 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.08 0.00 0.00
Current Ratio 1.57 1.41 4.03 5.28
Quick ratio 1.22 1.01 1.00 1.27
Turnover ratios
Asset turnover 0.32 0.30 0.40 0.40
Fixed asset turnover 0.42 0.38 0.58 0.78
Equity turnover 0.50 0.63 0.85 0.85
Profitability ratios
EBITDA margin 14% 15% 18% 16%
Operating profit margin -6% 0% 2% 1%
Net profit margin -6% 2% 2% 1%
Other ratios
Dividends to the State 52.77 18.85 10.34 5.26
Dividends paid / net profit -2.79 2.78 1.19 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/
Return to the State

5 EUR thousand

ROE

1.3%

Number of employees

9

Financial data provided as at end-December 2017

Management

  • Šarūnas NenartavičiusDirector General

Information as of: 2019/05/01