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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

2019 2020 2021 2022
Revenue 9,271 9,534 9,781 10,691
Cost of goods sold 6,982 7,491 8,145 9,727
Gross profit (loss) 2,289 2,043 1,636 964
Gross profit margin 25% 21% 17% 9%
Operating expenses 1,231 745 945 1,065
Operating profit (loss) 718 917 281 -527
Operating profit margin 8% 10% 3% -5%
EBITDA 2,366 2,657 2,088 1,335
EBITDA margin 26% 28% 21% 12%
Net profit (loss) 711 927 294 -472
Net profit margin 8% 10% 3% -4%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 60,194 60,747 61,033 60,052
Intangible assets 107 318 478 466
Tangible assets 60,035 60,287 60,489 59,448
Financial assets 81
Other non-current assets 52 61 66 137
Current assets 3,272 3,563 3,727 3,441
Inventories and prepaid expenses 344 368 481 578
Accounts receivable in one year 1,210 1,240 1,505 1,525
Other current assets
Cash and cash equivalents 1,718 1,955 1,741 1,338
Total assets 63,489 64,328 64,781 63,530
Equity 26,257 26,859 26,793 26,233
Grants and subsidies 31,285 31,533 31,641 30,232
Liabilities 5,027 5,135 5,501 6,077
Financial liabilities 3,480 3,570 3,194 4,206
Long-term liabilities 3,258 3,409 2,810 3,755
Short-term liabilities 1,769 1,726 2,691 2,322
Equity and liabilities 63,489 64,328 64,781 63,530

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% 1% 0% -1%
Return on equity (ROE) 3% 3% 1% -2%
Return on capital employed (ROCE) 2% 3% 1% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.06 0.05 0.07
Current Ratio 1.85 2.06 1.39 1.48
Quick ratio 1.66 1.85 1.21 1.23
Turnover ratios
Asset turnover 0.15 0.15 0.15 0.17
Fixed asset turnover 0.15 0.16 0.16 0.18
Equity turnover 0.35 0.35 0.37 0.41
Profitability ratios
EBITDA margin 26% 28% 21% 12%
Operating profit margin 8% 10% 3% -5%
Net profit margin 8% 10% 3% -4%
Other ratios
Dividends to the Municipality 325.00 360.00 88.20 0.00
Dividends paid / net profit 0.46 0.39 0.30 0.00

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

Financial statments

2021 m. metinės ataskaitos
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 Municipal94.97%
https://avandenys.lt/
ROE

-1.8%

Number of employees

232

Financial data provided as at end-December 2022

Management

  • Saulius VenckusChief Executive Officer

Information as of: 2023/04/30