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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Birštonas State Water Supply Company was established in 1991, and since 2003 reorganized into UAB “Birštono vandentiekis”. The main activities of the company are the extraction, preparation and supply of drinking water, as well as wastewater collection, biological treatment and sludge treatment.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 911 779 752 936
Cost of goods sold 597 636 611 818
Gross profit (loss) 314 143 140 119
Gross profit margin 34% 18% 19% 13%
Operating expenses 199 207 168 200
Operating profit (loss) 115 -64 -28 -81
Operating profit margin 13% -8% -4% -9%
EBITDA 269 66 114 75
EBITDA margin 30% 8% 15% 8%
Net profit (loss) 101 -57 5 -77
Net profit margin 11% -7% 1% -8%

Balance sheet

2019 2020 2021 2022
Non-current assets 3,878 3,859 4,463 5,207
Intangible assets 3 1 0 0
Tangible assets 3,875 3,858 4,462 5,207
Financial assets 0 0
Other non-current assets 0 0
Current assets 638 1,039 637 316
Inventories and prepaid expenses 30 41 29 49
Accounts receivable in one year 124 68 115 124
Other current assets
Cash and cash equivalents 485 930 493 143
Total assets 4,517 4,899 5,101 5,524
Equity 2,679 2,622 2,627 2,550
Grants and subsidies 1,713 2,213 2,274 2,429
Liabilities 124 64 199 544
Financial liabilities 0 0 0 435
Long-term liabilities 388
Short-term liabilities 124 64 199 156
Equity and liabilities 4,517 4,899 5,101 5,524

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 2% -1% 0% -1%
Return on equity (ROE) 4% -2% 0% -3%
Return on capital employed (ROCE) 4% -2% -1% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.08
Current Ratio 5.14 16.21 3.19 2.02
Quick ratio 4.90 15.57 3.05 1.71
Turnover ratios
Asset turnover 0.20 0.16 0.15 0.17
Fixed asset turnover 0.23 0.20 0.17 0.18
Equity turnover 0.34 0.30 0.29 0.37
Profitability ratios
EBITDA margin 30% 8% 15% 8%
Operating profit margin 13% -8% -4% -9%
Net profit margin 11% -7% 1% -8%
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

Expectations of the municipal

About the company

  • Official nameUAB „Birštono vandentiekis“
  • Legal formPrivate limited liability company (UAB)
  • Company code152812840
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionBirštonas municipality
  • Share belonging to the Municipal100%
https://birstonovandentiekis.lt/
ROE

-3.0%

Number of employees

24

Financial data provided as at end-December 2022

Management

  • Žydrūnas StankevičiusChief Executive Officer

Information as of: 4/30/2023