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Valdymo koordinavimo centras

State Owned Enterprises

“Vilniaus metrologijos centras” was established in 1991 and transformed into a public limited company in 2011. The Centre carry out the initial and periodic inspection of the measuring instruments assigned to legal metrology, carries out test on measuring instruments, calibrate those instruments.

Financial results

P/L Statment

2014 2015 2016 2017
Revenue 1,368 1,545 3,026 3,306
Cost of goods sold 708 811 1,977 2,007
Gross profit 659 734 1,049 1,299
Gross profit margin 48% 48% 35% 39%
Operating expenses 519 550 686 840
Operating profit 141 184 363 459
Operating profit margin 10% 12% 12% 14%
EBITDA 207 315 725 806
EBITDA margin 15% 20% 24% 24%
Net profit 139 175 391 461
Net profit margin 10% 11% 13% 14%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 1,650 1,642 1,664 1,690
Cost of goods sold 1,015 984 1,023 1,021
Gross profit 636 658 641 669
Gross profit margin 39% 40% 39% 40%
Operating expenses 358 400 440 482
Operating profit 278 258 200 187
Operating profit margin 17% 16% 12% 11%
EBITDA 468 428 377 367
EBITDA margin 28% 26% 23% 22%
Net profit 284 255 206 183
Net profit margin 17% 16% 12% 11%

Balance sheet

2014 2015 2016 2017
Non-current assets 1,924 1,869 3,317 3,455
Intangible assets 2 23 39 21
Tangible assets 1,922 1,846 3,278 3,434
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 900 981 2,604 2,453
Inventories and prepaid expenses 31 61 45 61
Accounts receivable in one year 84 77 278 310
Other non-current assets 0 0 39 43
Cash and cash equivalents 785 843 2,242 2,039
Total assets 2,824 2,849 5,920 5,908
Equity 2,595 2,639 5,603 5,576
Minority share of capital 0 0 0 0
Grants and subsidies 15 10 7 2
Liabilities 213 201 311 331
Financial liabilities 0 0 0 0
Long-term liabilities 133 127 121 142
Short-term liabilities 80 74 190 189
Equity and liabilities 2,824 2,849 5,920 5,908
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 3,317 3,287 3,455 3,408
Intangible assets 39 30 21 20
Tangible assets 3,278 3,258 3,434 3,388
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 2,604 2,560 2,453 2,704
Inventories and prepaid expenses 45 48 61 46
Accounts receivable in one year 278 370 310 414
Other non-current assets 39 50 43 41
Cash and cash equivalents 2,242 2,093 2,039 2,203
Total assets 5,920 5,847 5,908 6,112
Equity 5,603 5,392 5,576 5,514
Minority share of capital 0 0 0 0
Grants and subsidies 7 4 2 1
Liabilities 311 452 331 597
Financial liabilities 0 0 0 0
Long-term liabilities 121 118 142 159
Short-term liabilities 190 334 189 438
Equity and liabilities 5,920 5,847 5,908 6,112

Financial ratios

2014 2015 2016 2017
Capital return ratios
Return on assets (ROA) 5% 6% 9% 8%
Return on equity (ROE) 5% 7% 9% 8%
Return on capital employed (ROCE) 6% 7% 11% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 11.19 13.31 13.73 13.00
Quick ratio 10.81 12.48 13.49 12.67
Turnover ratios
Asset turnover 0.49 0.54 0.69 0.56
Fixed asset turnover 0.70 0.81 1.17 0.98
Equity turnover 0.53 0.59 0.73 0.59
Profitability ratios
EBITDA margin 15% 20% 24% 24%
Operating profit margin 10% 12% 12% 14%
Net profit margin 10% 11% 13% 14%
Other ratios
Dividends to the State 134.09 161.10 466.40 336.01
Dividends paid / net profit 0.96 0.92 1.19 0.73
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 9% 9% 8% 7%
Return on equity (ROE) 9% 10% 8% 7%
Return on capital employed (ROCE) 11% 11% 10% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 13.73 7.68 13.00 6.17
Quick ratio 13.49 7.53 12.67 6.06
Turnover ratios
Asset turnover 0.69 0.57 0.56 0.56
Fixed asset turnover 1.17 0.99 0.98 1.00
Equity turnover 0.73 0.61 0.59 0.62
Profitability ratios
EBITDA margin 28% 26% 23% 22%
Operating profit margin 17% 16% 12% 11%
Net profit margin 17% 16% 12% 11%
Other ratios
Dividends to the State 466.40 336.01
Dividends paid / net profit 1.19 0.73

Expectations of the state

Target return on equity

7,8%

About the company

  • Official nameAB Vilniaus metrologijos centras
  • Legal formPublic limited liability company (AB)
  • Company code120229395
  • SectorOther
  • Line of businessAnalysis, calibration and testing of measurement devices
  • Institution representing the StateVĮ Turto bankas
  • Share belonging to the State100%
http://www.vmc.lt/
Return to the State

336 EUR thousand

ROE

8.3%

Number of employees

143

Financial data provided as at end-December 2017

Management

  • Rūta KlevėnėDirector General

Information as of: 2019/09/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Kęstutis MotiejūnasUAB Investicijų ir verslo garantijos; Independent member

MEMBERS OF THE BOARD OF DIRECTORS

  • Laimis JančiūnasUAB Bonus socius; Independent member
  • Girda ValiulytėVĮ Turto bankas

Information as of: 2019/09/01