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Valdymo koordinavimo centras

State Owned Enterprises

Žemės ūkio informacijos ir kaimo verslo centras” was established in 2002, continues to be carry out “Kaimo verslo plėtros ir informacijos centras” work, that started in the year 1998. The company contributes to develop and implement the key components of the integrated Administration and Control System (IACS) parts –  the agricultural and rural business register, the livestock register and the land parcel identification system.

Financial results

P/L Statment

2015 2016 2017 2018
Revenue 554 727 674 752
Cost of goods sold 114 124 184 155
Gross profit (loss) 439 603 490 596
Gross profit margin 79% 83% 73% 79%
Operating expenses 923 569 724 867
Operating profit (loss) -483 34 -234 -271
Operating profit margin -87% 5% -35% -36%
EBITDA -80 414 79 -81
EBITDA margin -14% 57% 12% -11%
Net profit (loss) -480 32 -234 -270
Net profit margin -87% 4% -35% -36%
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Revenue 295 398 276 431
Cost of goods sold 77 89 95 112
Gross profit 218 309 181 319
Gross profit margin 74% 78% 65% 74%
Operating expenses 286 323 401 420
Operating profit -68 -13 -221 -101
Operating profit margin -23% -3% -80% -24%
EBITDA 125 157 -78 -4
EBITDA margin 42% 39% -28% -1%
Net profit -58 -13 -221 -101
Net profit margin -20% -3% -80% -24%

Balance sheet

2015 2016 2017 2018
Non-current assets 3,095 2,747 2,643 2,477
Intangible assets 409 278 352 551
Tangible assets 2,685 2,469 2,292 1,926
Financial assets
Other non-current assets
Biological assets
Current assets 543 974 1,195 1,176
Inventories and prepaid expenses 42 142 184 230
Accounts receivable in one year 4 1 2 2
Other current assets
Cash and cash equivalents 497 832 1,009 945
Total assets 3,724 3,721 3,839 3,653
Equity 2,419 2,342 2,108 1,838
Minority share of capital
Grants and subsidies 961 1,083 1,340 1,456
Liabilities 345 296 391 359
Financial liabilities
Long-term liabilities
Short-term liabilities 345 296 391 359
Equity and liabilities 3,724 3,721 3,839 3,653
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Non-current assets 2,747 2,484 2,643 2,358
Intangible assets 278 205 352 263
Tangible assets 2,469 2,279 2,292 2,095
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Biological assets 0 0 0 0
Current assets 974 1,942 1,195 1,888
Inventories and prepaid expenses 142 303 184 307
Accounts receivable in one year 1 0 2 2
Other non-current assets 0 0 0 0
Cash and cash equivalents 832 1,639 1,009 1,579
Total assets 3,721 4,426 3,839 4,246
Equity 2,364 2,351 2,108 2,006
Minority share of capital 0 0 0 0
Grants and subsidies 1,083 1,547 1,340 1,567
Liabilities 274 529 391 673
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 274 529 391 673
Equity and liabilities 3,721 4,426 3,839 4,246

Financial ratios

2015 2016 2017 2018
Capital return ratios
Return on assets (ROA) 12% 1% -6% -7%
Return on equity (ROE) 14% 1% -11% -14%
Return on capital employed (ROCE) 15% 2% -14% -16%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 2.13 3.29 3.05 3.27
Quick ratio 0.48 2.81 2.58 2.63
Turnover ratios
Asset turnover 0.70 0.20 0.18 0.20
Fixed asset turnover 0.79 0.25 0.25 0.29
Equity turnover 0.80 0.31 0.30 0.38
Profitability ratios
EBITDA margin 11% 57% 12% -11%
Operating profit margin 4% 5% -35% -36%
Net profit margin 3% 4% -35% -36%
Other ratios
Dividends to the State 50.50
Dividends paid / net profit 0.50
2016 Q4 2017 Q2 2017 Q4 2018 Q2
Capital return ratios
Return on assets (ROA) 0% -2% -6% -7%
Return on equity (ROE) 0% -3% -10% -15%
Return on capital employed (ROCE) 0% -2% -7% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 3.56 3.67 3.05 2.81
Quick ratio 3.04 3.10 2.58 2.35
Turnover ratios
Asset turnover 0.20 0.16 0.18 0.16
Fixed asset turnover 0.29 0.27 0.25 0.29
Equity turnover 0.29 0.29 0.30 0.32
Profitability ratios
EBITDA margin 42% 39% -28% -1%
Operating profit margin -23% -3% -80% -24%
Net profit margin -20% -3% -80% -24%
Other ratios
Dividends to the State 0.00 0.00
Dividends paid / net profit 0.00 0.00

Expectations of the state

Target return on equity undefined

About the company

  • Official nameVĮ Žemės ūkio informacijos ir kaimo verslo centras
  • Legal formState enterprise (VĮ)
  • Company code210086220
  • SectorOther
  • Line of businessLivestock identification, registration and productivity control
  • Institution representing the StateMinistry of Agriculture
  • Special obligationsVykdo nekomercinius specialiuosius įpareigojimus
  • Share belonging to the State100%
http://www.vic.lt/
ROE

-13.7%

Number of employees

209

Financial data provided as at end-December 2018

Management

  • L. e. p. Sigitas PuodžiukasDirector General

Information as of: 2019/11/01