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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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%

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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

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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

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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%
https://versme.com/
ROE

-2.1%

Number of employees

205

Financial data provided as at end-December 2020