Biržų vandenys
In 1995 By the decision of the Biržai District Council, a special purpose UAB “Biržų vandenys” was established. The goal of the company is to extract and reliably supply good quality drinking water to consumers, to receive wastewater from the population, industrial enterprises, other consumers and to treat wastewater from pollutants in treatment plants and to discharge relatively clean water into open water bodies.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 977 | 1,020 | 1,093 | 1,718 |
| Cost of goods sold | 708 | 730 | 803 | 847 |
| Gross profit (loss) | 269 | 291 | 289 | 871 |
| Gross profit margin | 28% | 28% | 26% | 51% |
| Operating expenses | 397 | 447 | 533 | 733 |
| Operating profit (loss) | -127 | -157 | -244 | 138 |
| Operating profit margin | -13% | -15% | -22% | 8% |
| EBITDA | 78 | 50 | 53 | 399 |
| EBITDA margin | 8% | 5% | 5% | 23% |
| Net profit (loss) | -127 | -157 | -244 | 128 |
| Net profit margin | -13% | -15% | -22% | 7% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 8,595 | 9,000 | 9,760 | 11,414 |
| Intangible assets | 0 | 0 | 3 | 22 |
| Tangible assets | 8,368 | 8,772 | 9,515 | 11,155 |
| Financial assets | 227 | 227 | 242 | 237 |
| Other non-current assets | 0 | 0 | 0 | 0 |
| Current assets | 1,593 | 1,422 | 1,010 | 864 |
| Inventories and prepaid expenses | 161 | 117 | 274 | 79 |
| Accounts receivable in one year | 118 | 179 | 137 | 197 |
| Other current assets | 0 | 0 | 0 | 0 |
| Cash and cash equivalents | 1,314 | 1,126 | 599 | 588 |
| Total assets | 10,189 | 10,422 | 10,772 | 12,337 |
| Equity | 5,687 | 5,531 | 5,287 | 5,414 |
| Grants and subsidies | 3,828 | 3,672 | 4,031 | 5,120 |
| Liabilities | 673 | 1,220 | 1,454 | 1,802 |
| Financial liabilities | 560 | 836 | 867 | 1,498 |
| Long-term liabilities | 510 | 700 | 786 | 1,393 |
| Short-term liabilities | 164 | 520 | 669 | 410 |
| Equity and liabilities | 10,189 | 10,422 | 10,772 | 12,337 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -1% | -2% | -2% | 1% |
| Return on equity (ROE) | -2% | -3% | -5% | 2% |
| Return on capital employed (ROCE) | -2% | -3% | -4% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.05 | 0.08 | 0.08 | 0.12 |
| Current Ratio | 9.73 | 2.73 | 1.51 | 2.11 |
| Quick ratio | 8.75 | 2.51 | 1.10 | 1.92 |
| Turnover ratios | ||||
| Asset turnover | 0.10 | 0.10 | 0.10 | 0.14 |
| Fixed asset turnover | 0.11 | 0.11 | 0.11 | 0.15 |
| Equity turnover | 0.17 | 0.18 | 0.21 | 0.32 |
| Profitability ratios | ||||
| EBITDA margin | 8% | 5% | 5% | 23% |
| Operating profit margin | -13% | -15% | -22% | 8% |
| Net profit margin | -13% | -15% | -22% | 7% |
| 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 |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB „Biržų vandenys“
- Legal formPrivate limited liability company (UAB)
- Company code154850665
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionBiržai district municipality
- Share belonging to the Municipal93.1%
ROE
2.4%
Number of employees
43
Financial data provided as at end-December 2023
Management
- Edita BarkauskienėChief Executive Officer
Information as of: 2024/04/30
