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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 3,162 2,927 3,802 3,791
Cost of goods sold 2,541 2,821 2,619 3,145
Gross profit (loss) 622 106 1,182 646
Gross profit margin 20% 4% 31% 17%
Operating expenses 451 612 1,278 624
Operating profit (loss) 171 -506 -96 22
Operating profit margin 5% -17% -3% 1%
EBITDA 477 -205 212 444
EBITDA margin 15% -7% 6% 12%
Net profit (loss) 204 -474 -134 11
Net profit margin 6% -16% -4% 0%

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

Balance sheet

2018 2019 2020 2021
Non-current assets 4,455 6,443 7,287 7,634
Intangible assets 2 3 3 2
Tangible assets 4,453 6,441 7,284 7,632
Financial assets
Other non-current assets
Current assets 2,931 2,609 3,426 1,935
Inventories and prepaid expenses 15 69 55 26
Accounts receivable in one year 290 327 323 316
Other current assets 2,100 500
Cash and cash equivalents 526 2,212 2,549 1,594
Total assets 7,390 9,055 10,716 9,577
Equity 7,080 6,607 6,472 6,483
Grants and subsidies
Liabilities 308 2,446 4,242 3,091
Financial liabilities 2,049 3,159 2,561
Long-term liabilities 2,009 2,902 1,963
Short-term liabilities 308 438 1,341 1,128
Equity and liabilities 7,390 9,055 10,716 9,577

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 3% -6% -1% 0%
Return on equity (ROE) 3% -7% -2% 0%
Return on capital employed (ROCE) 6% -11% -1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.31 0.49 0.40
Current Ratio 9.53 5.96 2.56 1.71
Quick ratio 9.48 5.80 2.52 1.69
Turnover ratios
Asset turnover 0.43 0.36 0.38 0.37
Fixed asset turnover 0.72 0.54 0.55 0.51
Equity turnover 0.45 0.43 0.58 0.59
Profitability ratios
EBITDA margin 15% -7% 6% 12%
Operating profit margin 5% -17% -3% 1%
Net profit margin 6% -16% -4% 0%
Other ratios
Dividends to the Municipality 167.00
Dividends paid / net profit 14.78

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://versme.com/
ROE

0.2%

Number of employees

204

Financial data provided as at end-December 2021