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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 8,587 8,714 9,271 9,534
Cost of goods sold 6,381 6,677 6,982 7,491
Gross profit (loss) 2,205 2,037 2,289 2,043
Gross profit margin 26% 23% 25% 21%
Operating expenses 1,189 1,538 1,572 1,125
Operating profit (loss) 1,017 499 718 917
Operating profit margin 12% 6% 8% 10%
EBITDA 2,682 2,292 2,366 2,657
EBITDA margin 31% 26% 26% 28%
Net profit (loss) 834 646 711 927
Net profit margin 10% 7% 8% 10%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 58,913 59,110 60,194 60,747
Intangible assets 81 66 107 318
Tangible assets 58,803 59,009 60,035 60,287
Financial assets 0 0 0 81
Other non-current assets 30 35 52 61
Current assets 2,992 2,588 3,272 3,563
Inventories and prepaid expenses 266 209 344 368
Accounts receivable in one year 925 1,098 1,210 1,240
Other current assets 0 0 0 0
Cash and cash equivalents 1,802 1,281 1,718 1,955
Total assets 62,008 61,810 63,489 64,328
Equity 25,675 25,941 26,257 26,859
Grants and subsidies 32,603 32,057 31,285 31,533
Liabilities 3,721 3,798 5,933 5,919
Financial liabilities 2,423 1,756 3,480 3,570
Long-term liabilities 1,016 1,322 3,258 3,409
Short-term liabilities 2,312 1,654 1,769 1,726
Equity and liabilities 62,008 61,810 63,489 64,328

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 2% 2% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.07 0.13 0.13
Current Ratio 0.00 1.56 1.85 2.06
Quick ratio 0.00 1.44 1.66 1.85
Turnover ratios
Asset turnover 0.00 0.14 0.15 0.15
Fixed asset turnover 0.00 0.15 0.16 0.16
Equity turnover 0.00 0.34 0.36 0.36
Profitability ratios
EBITDA margin 0% 26% 26% 28%
Operating profit margin 0% 6% 8% 10%
Net profit margin 0% 7% 8% 10%
Other ratios
Dividends to the Municipality 0.00 310.00 325.00 360.00
Dividends paid / net profit 0.00 0.48 0.46 0.39

* Left axis

** Right axis

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


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Financial statments

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

3.5%

Number of employees

231

Financial data provided as at end-December 2020