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Valdymo koordinavimo centras

State Owned Enterprises

Statybos produkcijos sertifikavimo centras (SPSC) is an independent state enterprise established by the Ministry of Environment, which operates since 1996 years. The main objective of the company is to provide quality certification, attestation, evaluation and consulting services in accordance with the Republic of Lithuania and European laws and standards.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 1,009 1,083 1,064 1,249
Cost of goods sold 620 637 619 645
Gross profit (loss) 389 446 445 605
Gross profit margin 39% 41% 42% 48%
Operating expenses 305 371 318 272
Operating profit (loss) 84 75 126 333
Operating profit margin 8% 7% 12% 27%
EBITDA 141 121 157 357
EBITDA margin 14% 11% 15% 29%
Net profit (loss) 76 56 108 282
Net profit margin 8% 5% 10% 23%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 521 505 559 707
Cost of goods sold 300 300 320 329
Gross profit 221 205 239 378
Gross profit margin 42% 41% 43% 53%
Operating expenses 200 148 171 124
Operating profit 21 58 69 253
Operating profit margin 4% 11% 12% 36%
EBITDA 59 96 61 263
EBITDA margin 11% 19% 11% 37%
Net profit 16 66 42 213
Net profit margin 3% 13% 7% 30%

Balance sheet

2015 2016 2017 2018
Non-current assets 299 245 216 243
Intangible assets 1 1 1 0
Tangible assets 298 244 216 243
Financial assets
Other non-current assets
Biological assets
Current assets 837 887 1,031 1,186
Inventories and prepaid expenses 26 16 6 5
Accounts receivable in one year 94 86 54 66
Other current assets 246 246 246 246
Cash and cash equivalents 471 539 725 870
Total assets 1,156 1,150 1,262 1,446
Equity 864 882 962 1,128
Minority share of capital
Grants and subsidies 92 91 76 70
Liabilities 200 176 222 246
Financial liabilities
Long-term liabilities
Short-term liabilities 200 176 222 246
Equity and liabilities 1,156 1,150 1,262 1,446
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 247 227 216 214
Intangible assets 1 1 1 0
Tangible assets 244 226 216 214
Financial assets 0 0 0 0
Other non-current assets 2 0 0 0
Biological assets 0 0 0 0
Current assets 903 1,054 1,045 1,220
Inventories and prepaid expenses 21 5 6 7
Accounts receivable in one year 97 121 69 79
Other non-current assets 246 246 246 246
Cash and cash equivalents 539 683 725 887
Total assets 1,150 1,281 1,262 1,434
Equity 882 920 962 1,059
Minority share of capital 0 0 0 0
Grants and subsidies 91 83 76 73
Liabilities 177 278 224 301
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 177 278 224 301
Equity and liabilities 1,150 1,281 1,262 1,434

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 9% 5% 9% 21%
Return on equity (ROE) 12% 7% 12% 28%
Return on capital employed (ROCE) 14% 16% 25% 56%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 4.11 5.05 4.64 4.82
Quick ratio 3.96 4.96 4.61 4.80
Turnover ratios
Asset turnover 1.49 0.94 0.88 0.92
Fixed asset turnover 8.97 3.98 4.61 5.44
Equity turnover 1.84 1.24 1.15 1.20
Profitability ratios
EBITDA margin 10% 11% 15% 29%
Operating profit margin 7% 7% 12% 27%
Net profit margin 6% 5% 10% 23%
Other ratios
Dividends to the State 73.80 28.20 115.40 210.26
Dividends paid / net profit 0.50 0.50 1.07 0.75
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 5% 7% 9% 20%
Return on equity (ROE) 7% 10% 12% 27%
Return on capital employed (ROCE) 9% 11% 14% 30%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 5.10 3.79 4.68 4.05
Quick ratio 4.99 3.77 4.65 4.03
Turnover ratios
Asset turnover 0.91 0.82 0.88 0.93
Fixed asset turnover 3.82 4.08 4.60 5.74
Equity turnover 1.20 1.15 1.15 1.28
Profitability ratios
EBITDA margin 11% 19% 11% 37%
Operating profit margin 4% 11% 12% 36%
Net profit margin 3% 13% 7% 30%
Other ratios
Dividends to the State 28.25 115.35
Dividends paid / net profit 0.50 1.07

Expectations of the state

About the company

  • Official nameVĮ Statybos produkcijos sertifikavimo centras
  • Legal formState enterprise (VĮ)
  • Company code110068926
  • SectorOther
  • Line of businessConstruction certification, evaluation and consulting
  • Institution representing the StateMinistry of Environment
  • Share belonging to the State100%
http://www.spsc.lt
Return to the State

219 EUR thousand

ROE

27.6%

Number of employees

29

Financial data provided as at end-December 2018

Management

  • Valdemaras GauronskisDirector General

Information as of: 2019/11/01