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

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