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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 1,012 975 977 1,020
Cost of goods sold 590 595 708 730
Gross profit (loss) 422 380 269 291
Gross profit margin 42% 39% 28% 28%
Operating expenses 373 454 397 447
Operating profit (loss) 49 -74 -127 -157
Operating profit margin 5% -8% -13% -15%
EBITDA 226 93 78 50
EBITDA margin 22% 10% 8% 5%
Net profit (loss) 46 -74 -127 -157
Net profit margin 5% -8% -13% -15%

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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 10,247 9,302 8,595 9,000
Intangible assets 2 0
Tangible assets 10,018 9,075 8,368 8,772
Financial assets 227 227 227 227
Other non-current assets
Current assets 849 828 1,593 1,422
Inventories and prepaid expenses 107 105 161 167
Accounts receivable in one year 140 131 118 128
Other current assets
Cash and cash equivalents 602 592 1,314 1,126
Total assets 11,097 10,141 10,189 10,422
Equity 5,889 5,815 5,687 5,531
Grants and subsidies 5,119 4,240 3,828 3,672
Liabilities 89 86 673 1,220
Financial liabilities 560 750
Long-term liabilities 510 700
Short-term liabilities 89 86 164 520
Equity and liabilities 11,097 10,141 10,189 10,422

* 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) 0% -1% -1% -2%
Return on equity (ROE) 1% -1% -2% -3%
Return on capital employed (ROCE) 1% -1% -3% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10 0.14
Current Ratio 9.57 9.60 9.73 2.73
Quick ratio 8.37 8.38 8.75 2.41
Turnover ratios
Asset turnover 0.09 0.09 0.10 0.10
Fixed asset turnover 0.09 0.10 0.11 0.12
Equity turnover 0.17 0.17 0.17 0.18
Profitability ratios
EBITDA margin 22% 10% 8% 5%
Operating profit margin 5% -8% -13% -15%
Net profit margin 5% -8% -13% -15%
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 „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%
https://birzuvandenys.lt/
ROE

-2.8%

Number of employees

36

Financial data provided as at end-December 2021