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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

2015 2016 2017 2018
Revenue 3,268 3,026 3,306 3,370
Cost of goods sold 1,674 1,977 2,007 2,013
Gross profit (loss) 1,594 1,049 1,299 1,357
Gross profit margin 49% 35% 39% 40%
Operating expenses 1,383 690 840 1,183
Operating profit (loss) 211 359 459 174
Operating profit margin 6% 12% 14% 5%
EBITDA 479 721 806 557
EBITDA margin 15% 24% 24% 17%
Net profit (loss) 198 387 461 195
Net profit margin 6% 13% 14% 6%
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

2015 2016 2017 2018
Non-current assets 3,337 3,317 3,563 4,153
Intangible assets 38 39 21 23
Tangible assets 3,299 3,278 3,542 4,090
Financial assets
Other non-current assets 39
Biological assets
Current assets 2,316 2,564 2,410 2,739
Inventories and prepaid expenses 142 45 61 51
Accounts receivable in one year 195 278 310 242
Other current assets 852
Cash and cash equivalents 1,127 2,242 2,039 2,446
Total assets 5,668 5,920 6,015 6,929
Equity 5,382 5,581 5,667 6,346
Minority share of capital
Grants and subsidies 14 7 2
Liabilities 271 333 347 583
Financial liabilities
Long-term liabilities
Short-term liabilities 145 189 189 160
Equity and liabilities 5,668 5,920 6,015 6,929
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

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 1% 7% 8% 3%
Return on equity (ROE) 1% 7% 8% 3%
Return on capital employed (ROCE) 1% 16% 19% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 10.41 13.54 12.76 17.15
Quick ratio 9.52 13.30 12.44 16.83
Turnover ratios
Asset turnover 0.46 0.52 0.55 0.52
Fixed asset turnover 0.67 0.91 0.96 0.87
Equity turnover 0.48 0.55 0.59 0.56
Profitability ratios
EBITDA margin 10% 24% 24% 17%
Operating profit margin 2% 12% 14% 5%
Net profit margin 2% 13% 14% 6%
Other ratios
Dividends to the State 0.00 466.40 336.00 310.50
Dividends paid / net profit 0.00 1.21 0.73 1.59
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

310 EUR thousand

ROE

3.3%

Number of employees

123

Financial data provided as at end-December 2018

Management

  • Rūta KlevėnėDirector General

Information as of: 2019/11/01

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: 2019/11/01