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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ Biržų agrolaboratorija started its activities in 1991. The main activity of the company is to study the quality of wastewater treatment, surface wastewater and water for legal and natural persons. The company also performs measurements and research of emissions from pollution sources and pollutants in environmental elements.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 43 39 56 70
Cost of goods sold 24 27 39 35
Gross profit (loss) 20 12 17 35
Gross profit margin 45% 32% 30% 50%
Operating expenses 15 14 14 33
Operating profit (loss) 4 -1 3 2
Operating profit margin 10% -3% 5% 3%
EBITDA 5 -1 3 3
EBITDA margin 11% -2% 6% 4%
Net profit (loss) 4 -1 3 2
Net profit margin 9% -3% 4% 2%

* Left axis

** Right axis

*** 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 11 12 12 12
Intangible assets
Tangible assets 11 12 12 12
Financial assets
Other non-current assets
Current assets 32 21 24 26
Inventories and prepaid expenses 2 1 2 1
Accounts receivable in one year 2 1 1
Other current assets 7 7 7
Cash and cash equivalents 28 12 14 18
Total assets 44 33 36 38
Equity 39 31 31 31
Grants and subsidies
Liabilities 5 2 4 8
Financial liabilities 2
Long-term liabilities
Short-term liabilities 5 2 4 8
Equity and liabilities 44 33 36 38

* 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) 10% -3% 7% 4%
Return on equity (ROE) 11% -3% 8% 5%
Return on capital employed (ROCE) 23% -8% 17% 12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06
Current Ratio 7.16 10.79 5.43 3.47
Quick ratio 6.64 10.05 5.09 3.28
Turnover ratios
Asset turnover 1.07 1.03 1.64 1.89
Fixed asset turnover 3.75 3.32 4.67 5.86
Equity turnover 1.17 1.12 1.81 2.26
Profitability ratios
EBITDA margin 11% -2% 6% 4%
Operating profit margin 10% -3% 5% 3%
Net profit margin 9% -3% 4% 2%
Other ratios
Dividends to the Municipality 7.00 2.20 2.10
Dividends paid / net profit 1.71 -1.83 0.84

* Left axis

** Right axis

*** 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 nameSĮ Biržų agrolaboratorija
  • Legal formMunicipality enterprise (SĮ)
  • Company code154724428
  • SectorOther
  • Line of businessSurface and wastewater studies
  • Representing institutionBiržai district municipality
  • Share belonging to the Municipal100%
https://birzuagrolaboratorija.lt/
ROE

5.2%

Number of employees

4

Financial data provided as at end-December 2021