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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 8,714 9,271 9,534 9,781
Cost of goods sold 6,677 6,982 7,491 8,145
Gross profit (loss) 2,037 2,289 2,043 1,636
Gross profit margin 23% 25% 21% 17%
Operating expenses 1,538 1,572 1,125 1,356
Operating profit (loss) 499 718 917 281
Operating profit margin 6% 8% 10% 3%
EBITDA 2,292 2,366 2,657 2,092
EBITDA margin 26% 26% 28% 21%
Net profit (loss) 646 711 927 294
Net profit margin 7% 8% 10% 3%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 59,110 60,194 60,747 61,033
Intangible assets 66 107 318 478
Tangible assets 59,009 60,035 60,287 60,489
Financial assets 81
Other non-current assets 35 52 61 66
Current assets 2,588 3,272 3,563 3,727
Inventories and prepaid expenses 209 344 368 481
Accounts receivable in one year 1,098 1,210 1,240 1,505
Other current assets
Cash and cash equivalents 1,281 1,718 1,955 1,741
Total assets 61,810 63,489 64,328 64,781
Equity 25,941 26,257 26,859 26,793
Grants and subsidies 32,057 31,285 31,533 31,641
Liabilities 3,798 5,933 5,919 6,337
Financial liabilities 1,756 3,480 3,570 3,194
Long-term liabilities 1,322 3,258 3,409 2,810
Short-term liabilities 1,654 1,769 1,726 2,691
Equity and liabilities 61,810 63,489 64,328 64,781

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 1% 1% 0%
Return on equity (ROE) 3% 3% 3% 1%
Return on capital employed (ROCE) 2% 2% 3% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.13 0.13 0.12
Current Ratio 1.56 1.85 2.06 1.39
Quick ratio 1.44 1.66 1.85 1.21
Turnover ratios
Asset turnover 0.14 0.15 0.15 0.15
Fixed asset turnover 0.15 0.16 0.16 0.16
Equity turnover 0.34 0.36 0.36 0.36
Profitability ratios
EBITDA margin 26% 26% 28% 21%
Operating profit margin 6% 8% 10% 3%
Net profit margin 7% 8% 10% 3%
Other ratios
Dividends to the Municipality 310.00 325.00 360.00 88.20
Dividends paid / net profit 0.48 0.46 0.39 0.30

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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 Municipal100%
https://www.avandenys.lt/
ROE

1.1%

Number of employees

231

Financial data provided as at end-December 2021