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
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Revenue | 3,309 | 3,162 | 2,927 | 3,802 |
| Cost of goods sold | 2,514 | 2,541 | 2,821 | 2,619 |
| Gross profit (loss) | 795 | 622 | 106 | 1,182 |
| Gross profit margin | 24% | 20% | 4% | 31% |
| Operating expenses | 470 | 451 | 612 | 1,278 |
| Operating profit (loss) | 325 | 171 | -506 | -96 |
| Operating profit margin | 10% | 5% | -17% | -3% |
| EBITDA | 639 | 477 | -205 | 212 |
| EBITDA margin | 19% | 15% | -7% | 6% |
| Net profit (loss) | 341 | 204 | -474 | -134 |
| Net profit margin | 10% | 6% | -16% | -4% |
Balance sheet
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Non-current assets | 4,320 | 4,455 | 6,443 | 7,287 |
| Intangible assets | 2 | 2 | 3 | 3 |
| Tangible assets | 4,318 | 4,453 | 6,441 | 7,284 |
| Financial assets | 0 | 0 | 0 | 0 |
| Other non-current assets | 0 | 0 | 0 | 0 |
| Current assets | 2,977 | 2,931 | 2,609 | 3,426 |
| Inventories and prepaid expenses | 16 | 15 | 69 | 55 |
| Accounts receivable in one year | 274 | 290 | 327 | 323 |
| Other current assets | 2,500 | 2,100 | 0 | 500 |
| Cash and cash equivalents | 187 | 526 | 2,212 | 2,549 |
| Total assets | 7,301 | 7,390 | 9,055 | 10,716 |
| Equity | 6,986 | 7,080 | 6,607 | 6,472 |
| Grants and subsidies | 0 | 0 | 0 | 0 |
| Liabilities | 313 | 308 | 2,446 | 4,242 |
| Financial liabilities | 0 | 0 | 2,049 | 3,159 |
| Long-term liabilities | 0 | 0 | 2,009 | 2,902 |
| Short-term liabilities | 313 | 308 | 438 | 1,341 |
| Equity and liabilities | 7,301 | 7,390 | 9,055 | 10,716 |
Financial ratios
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -0% | 0% | 0% | 0% |
| Return on equity (ROE) | -3% | 0% | 0% | 0% |
| Return on capital employed (ROCE) | -0% | 6% | -11% | -1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.31 | 0.49 |
| Current Ratio | 30.43 | 9.53 | 5.96 | 2.56 |
| Quick ratio | 23.15 | 9.48 | 5.80 | 2.52 |
| Turnover ratios | ||||
| Asset turnover | 0.00 | 0.43 | 0.36 | 0.38 |
| Fixed asset turnover | 0.00 | 0.72 | 0.54 | 0.55 |
| Equity turnover | 0.00 | 0.45 | 0.43 | 0.58 |
| Profitability ratios | ||||
| EBITDA margin | -45% | 15% | -7% | 6% |
| Operating profit margin | -377% | 5% | -17% | -3% |
| Net profit margin | -812% | 6% | -16% | -4% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 | 0.00 |
Financial statments
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 Municipal83.52%
ROE
-2.1%
Number of employees
205
Financial data provided as at end-December 2020
