• English
  • Lithuanian
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

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%
  • Contacts https://versme.com/
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