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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

2018 2019 2020 2021
Revenue 853 911 779 752
Cost of goods sold 594 597 636 611
Gross profit (loss) 259 314 143 140
Gross profit margin 30% 34% 18% 19%
Operating expenses 174 199 207 168
Operating profit (loss) 85 115 -64 -28
Operating profit margin 10% 13% -8% -4%
EBITDA 192 269 66 114
EBITDA margin 23% 30% 8% 15%
Net profit (loss) 79 101 -57 5
Net profit margin 9% 11% -7% 1%

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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 3,858 3,878 3,859 4,463
Intangible assets 6 3 1 0
Tangible assets 3,852 3,875 3,858 4,462
Financial assets
Other non-current assets
Current assets 597 638 1,039 637
Inventories and prepaid expenses 26 30 41 29
Accounts receivable in one year 127 124 68 115
Other current assets
Cash and cash equivalents 445 485 930 493
Total assets 4,457 4,517 4,899 5,101
Equity 2,578 2,679 2,622 2,627
Grants and subsidies 1,745 1,713 2,213 2,274
Liabilities 134 124 64 199
Financial liabilities
Long-term liabilities
Short-term liabilities 134 124 64 199
Equity and liabilities 4,457 4,517 4,899 5,101

* 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) 2% 2% -1% 0%
Return on equity (ROE) 3% 4% -2% 0%
Return on capital employed (ROCE) 4% 6% -2% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 4.47 5.14 16.21 3.19
Quick ratio 4.27 4.90 15.57 3.05
Turnover ratios
Asset turnover 0.19 0.20 0.17 0.15
Fixed asset turnover 0.22 0.24 0.20 0.18
Equity turnover 0.34 0.35 0.29 0.29
Profitability ratios
EBITDA margin 23% 30% 8% 15%
Operating profit margin 10% 13% -8% -4%
Net profit margin 9% 11% -7% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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 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

0.2%

Number of employees

23

Financial data provided as at end-December 2021