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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Druskininkų butų ūkis was registered in 1990. The company is certified to administer, maintain (operate) and carry out construction works of multi-apartment buildings. The main activity of the company is administration, maintenance (operation), repair of the common use facilities of multi-apartment buildings.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 892 981 975 1,092
Cost of goods sold 798 853 793 919
Gross profit (loss) 94 128 182 173
Gross profit margin 11% 13% 19% 16%
Operating expenses 87 121 173 159
Operating profit (loss) 7 8 9 14
Operating profit margin 1% 1% 1% 1%
EBITDA 23 27 62 32
EBITDA margin 3% 3% 6% 3%
Net profit (loss) 3 8 34 13
Net profit margin 0% 1% 4% 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 78 72 57 59
Intangible assets 0 2 18 10
Tangible assets 75 67 36 49
Financial assets 3 3 3
Other non-current assets
Current assets 951 1,026 1,042 1,172
Inventories and prepaid expenses 48 40 39 43
Accounts receivable in one year 338 334 352 317
Other current assets 15 15 15 15
Cash and cash equivalents 550 637 637 797
Total assets 1,029 1,098 1,099 1,230
Equity 427 435 469 482
Grants and subsidies
Liabilities 602 663 630 749
Financial liabilities
Long-term liabilities 238 258 283 316
Short-term liabilities 365 405 347 433
Equity and liabilities 1,029 1,098 1,099 1,230

* 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% 3% 1%
Return on equity (ROE) 1% 2% 8% 3%
Return on capital employed (ROCE) 2% 2% 10% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.61 2.53 3.00 2.71
Quick ratio 2.48 2.43 2.89 2.61
Turnover ratios
Asset turnover 0.94 0.92 0.89 0.94
Fixed asset turnover 10.76 13.09 15.09 18.79
Equity turnover 2.10 2.28 2.16 2.30
Profitability ratios
EBITDA margin 3% 3% 6% 3%
Operating profit margin 1% 1% 1% 1%
Net profit margin 0% 1% 4% 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

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Druskininkų butų ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code152007157
  • SectorOther
  • Line of businessApartment management
  • Representing institutionDruskininkai municipality
  • Share belonging to the Municipal100%
http://dbukis.lt/
ROE

2.6%

Number of employees

44

Financial data provided as at end-December 2021