Aukštaitijos vandenys
UAB “Aukštaitijos vandenys” was registered on January 14, 1991. UAB “Aukštaitijos vandenys” supplies drinking water, collects and manages wastewater, operates water supply and sewage disposal networks and activities-related equipment.
Financial results
P/L Statment
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Revenue | 9,781 | 10,691 | 12,702 | 13,817 |
| Cost of goods sold | 8,145 | 9,727 | 9,672 | 10,378 |
| Gross profit (loss) | 1,636 | 964 | 3,031 | 3,439 |
| Gross profit margin | 17% | 9% | 24% | 25% |
| Operating expenses | 945 | 1,065 | 1,559 | 1,340 |
| Operating profit (loss) | 281 | -527 | 1,472 | 2,099 |
| Operating profit margin | 3% | -5% | 12% | 15% |
| EBITDA | 2,088 | 1,338 | 3,518 | 4,163 |
| EBITDA margin | 21% | 13% | 28% | 30% |
| Net profit (loss) | 294 | -472 | 1,492 | 1,969 |
| Net profit margin | 3% | -4% | 12% | 14% |
Balance sheet
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Non-current assets | 61,033 | 60,052 | 58,616 | 58,127 |
| Intangible assets | 478 | 466 | 638 | 617 |
| Tangible assets | 60,489 | 59,448 | 57,873 | 57,390 |
| Financial assets | ||||
| Other non-current assets | 66 | 137 | 105 | 120 |
| Current assets | 3,727 | 3,441 | 4,082 | 6,030 |
| Inventories and prepaid expenses | 481 | 578 | 653 | 598 |
| Accounts receivable in one year | 1,505 | 1,525 | 1,359 | 1,506 |
| Other current assets | 1,618 | |||
| Cash and cash equivalents | 1,741 | 1,338 | 2,069 | 2,308 |
| Total assets | 64,781 | 63,530 | 62,729 | 64,178 |
| Equity | 26,793 | 26,233 | 27,726 | 29,595 |
| Grants and subsidies | 31,641 | 30,232 | 29,035 | 28,423 |
| Liabilities | 5,501 | 6,077 | 4,892 | 5,354 |
| Financial liabilities | 3,194 | 4,206 | 3,292 | 3,104 |
| Long-term liabilities | 2,810 | 3,755 | 3,096 | 2,908 |
| Short-term liabilities | 2,691 | 2,322 | 1,796 | 2,447 |
| Equity and liabilities | 64,781 | 63,530 | 62,729 | 64,178 |
Financial ratios
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | -1% | 2% | 3% |
| Return on equity (ROE) | 1% | -2% | 6% | 7% |
| Return on capital employed (ROCE) | 1% | -2% | 5% | 6% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.05 | 0.07 | 0.05 | 0.05 |
| Current Ratio | 1.39 | 1.48 | 2.27 | 2.46 |
| Quick ratio | 1.21 | 1.23 | 1.91 | 2.22 |
| Turnover ratios | ||||
| Asset turnover | 0.15 | 0.17 | 0.20 | 0.22 |
| Fixed asset turnover | 0.16 | 0.18 | 0.22 | 0.24 |
| Equity turnover | 0.37 | 0.41 | 0.46 | 0.47 |
| Profitability ratios | ||||
| EBITDA margin | 21% | 13% | 28% | 30% |
| Operating profit margin | 3% | -5% | 12% | 15% |
| Net profit margin | 3% | -4% | 12% | 14% |
| Other ratios | ||||
| Dividends to the Municipality | 88.20 | 0.00 | 94.97 | 151.95 |
| Dividends paid / net profit | 0.30 | 0.00 | 0.06 | 0.08 |
Expectations of the municipal
About the company
- Official nameUAB „Aukštaitijos vandenys“
- Legal formPrivate limited liability company (UAB)
- Company code147104754
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionPanevėžys city municipality
↑ Controlling (holding the largest share) institution
Panevėžys district municipality - Share belonging to the Municipal94.97%
- Contacts https://avandenys.lt/
Return to the Municipality
152 EUR thousand
ROE
6.9%
Number of employees
222
Financial data provided as at end-December 2024
Management
- Saulius VenckusChief Executive Officer
Information as of: 2025/06/01
