Birštono sanatorija Versmė
AB Birštonas sanatorium “Versmė” was registered in 1995, when reorganizing Birštonas inter-collective sanatorium “Versmė”. The company is a specialized treatment and recreation institution that seeks to rehabilitate patients with impaired biopsychosocial functions or maintain the achieved level of functional capacity through medical rehabilitation measures.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 3,802 | 3,791 | 5,365 | 6,248 |
| Cost of goods sold | 2,619 | 3,145 | 4,384 | 5,091 |
| Gross profit (loss) | 1,182 | 646 | 981 | 1,157 |
| Gross profit margin | 31% | 17% | 18% | 19% |
| Operating expenses | 1,278 | 624 | 889 | 958 |
| Operating profit (loss) | -96 | 22 | 93 | 200 |
| Operating profit margin | -3% | 1% | 2% | 3% |
| EBITDA | 212 | 444 | 565 | 679 |
| EBITDA margin | 6% | 12% | 11% | 11% |
| Net profit (loss) | -134 | 11 | 137 | 227 |
| Net profit margin | -4% | 0% | 3% | 4% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 7,287 | 7,634 | 7,527 | 7,787 |
| Intangible assets | 3 | 2 | 1 | 1 |
| Tangible assets | 7,284 | 7,632 | 7,526 | 7,786 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 3,426 | 1,935 | 1,568 | 1,006 |
| Inventories and prepaid expenses | 55 | 26 | 36 | 72 |
| Accounts receivable in one year | 323 | 316 | 483 | 316 |
| Other current assets | 500 | |||
| Cash and cash equivalents | 2,549 | 1,594 | 1,049 | 618 |
| Total assets | 10,716 | 9,577 | 9,098 | 8,797 |
| Equity | 6,472 | 6,483 | 6,420 | 6,648 |
| Grants and subsidies | ||||
| Liabilities | 4,242 | 3,091 | 2,676 | 2,146 |
| Financial liabilities | 3,159 | 2,561 | 1,963 | 1,574 |
| Long-term liabilities | 2,902 | 1,963 | 1,364 | 1,286 |
| Short-term liabilities | 1,341 | 1,128 | 1,311 | 860 |
| Equity and liabilities | 10,716 | 9,577 | 9,098 | 8,797 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -1% | 0% | 1% | 3% |
| Return on equity (ROE) | -2% | 0% | 2% | 3% |
| Return on capital employed (ROCE) | -1% | 0% | 1% | 3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.29 | 0.27 | 0.22 | 0.18 |
| Current Ratio | 2.56 | 1.71 | 1.20 | 1.17 |
| Quick ratio | 2.52 | 1.69 | 1.17 | 1.09 |
| Turnover ratios | ||||
| Asset turnover | 0.35 | 0.40 | 0.59 | 0.71 |
| Fixed asset turnover | 0.52 | 0.50 | 0.71 | 0.80 |
| Equity turnover | 0.59 | 0.58 | 0.84 | 0.94 |
| Profitability ratios | ||||
| EBITDA margin | 6% | 12% | 11% | 11% |
| Operating profit margin | -3% | 1% | 2% | 3% |
| Net profit margin | -4% | 0% | 3% | 4% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 167.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 14.78 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameAB Birštono sanatorija „Versmė“
- Legal formPublic limited liability company (AB)
- Company code152814478
- SectorOther
- Line of businessHealth care, treatment and recreation services
- Representing institutionBirštonas municipality
- Share belonging to the Municipal83.5%
ROE
3.5%
Number of employees
212
Financial data provided as at end-December 2023
Management
- Rasa NoreikienėChief Executive Officer
Information as of: 2024/06/14
