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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 2,927 | 3,802 | 3,791 | 5,365 |
| Cost of goods sold | 2,821 | 2,619 | 3,145 | 4,384 |
| Gross profit (loss) | 106 | 1,182 | 646 | 981 |
| Gross profit margin | 4% | 31% | 17% | 18% |
| Operating expenses | 612 | 1,278 | 624 | 889 |
| Operating profit (loss) | -506 | -96 | 22 | 93 |
| Operating profit margin | -17% | -3% | 1% | 2% |
| EBITDA | -205 | 212 | 444 | 565 |
| EBITDA margin | -7% | 6% | 12% | 11% |
| Net profit (loss) | -474 | -134 | 11 | 137 |
| Net profit margin | -16% | -4% | 0% | 3% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 6,443 | 7,287 | 7,634 | 7,527 |
| Intangible assets | 3 | 3 | 2 | 1 |
| Tangible assets | 6,441 | 7,284 | 7,632 | 7,526 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 2,609 | 3,426 | 1,935 | 1,568 |
| Inventories and prepaid expenses | 69 | 55 | 26 | 36 |
| Accounts receivable in one year | 327 | 323 | 316 | 483 |
| Other current assets | 500 | |||
| Cash and cash equivalents | 2,212 | 2,549 | 1,594 | 1,049 |
| Total assets | 9,055 | 10,716 | 9,577 | 9,098 |
| Equity | 6,607 | 6,472 | 6,483 | 6,420 |
| Grants and subsidies | ||||
| Liabilities | 2,446 | 4,242 | 3,091 | 2,676 |
| Financial liabilities | 2,049 | 3,159 | 2,561 | 1,963 |
| Long-term liabilities | 2,009 | 2,902 | 1,963 | 1,365 |
| Short-term liabilities | 438 | 1,341 | 1,128 | 1,311 |
| Equity and liabilities | 9,055 | 10,716 | 9,577 | 9,098 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -6% | -1% | 0% | 1% |
| Return on equity (ROE) | -7% | -2% | 0% | 2% |
| Return on capital employed (ROCE) | -6% | -1% | 0% | 1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.23 | 0.29 | 0.27 | 0.22 |
| Current Ratio | 5.96 | 2.56 | 1.71 | 1.20 |
| Quick ratio | 5.80 | 2.52 | 1.69 | 1.17 |
| Turnover ratios | ||||
| Asset turnover | 0.32 | 0.35 | 0.40 | 0.59 |
| Fixed asset turnover | 0.45 | 0.52 | 0.50 | 0.71 |
| Equity turnover | 0.44 | 0.59 | 0.58 | 0.84 |
| Profitability ratios | ||||
| EBITDA margin | -7% | 6% | 12% | 11% |
| Operating profit margin | -17% | -3% | 1% | 2% |
| Net profit margin | -16% | -4% | 0% | 3% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 167.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 14.78 | 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 Municipal83.5%
ROE
2.1%
Number of employees
216
Financial data provided as at end-December 2022
Management
- Rasa NoreikienėChief Executive Officer
Information as of: 4/30/2023
