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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

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

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%
https://birzuvandenys.lt/
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