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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Druskininkų vandenys” was registered in 2007. The main activity of the company is the supply of drinking water and wastewater treatment to residents and companies. The company also operates surface wastewater infrastructure.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,771 1,808 1,581 1,586
Cost of goods sold 1,231 1,272 1,284 1,374
Gross profit (loss) 540 537 297 212
Gross profit margin 30% 30% 19% 13%
Operating expenses 500 502 463 372
Operating profit (loss) 40 35 -166 -160
Operating profit margin 2% 2% -10% -10%
EBITDA 369 375 179 183
EBITDA margin 21% 21% 11% 12%
Net profit (loss) 37 38 -165 -166
Net profit margin 2% 2% -10% -10%

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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 12,141 14,198 15,803 15,585
Intangible assets 25 27 23 31
Tangible assets 11,682 13,746 15,354 15,129
Financial assets 435 426 426 426
Other non-current assets
Current assets 1,614 1,124 716 756
Inventories and prepaid expenses 878 346 56 82
Accounts receivable in one year 256 300 227 279
Other current assets
Cash and cash equivalents 480 479 433 395
Total assets 13,759 15,326 16,523 16,346
Equity 6,464 6,501 6,323 6,158
Grants and subsidies 6,989 7,694 8,339 8,356
Liabilities 304 1,128 1,857 1,828
Financial liabilities 500 1,388 1,605
Long-term liabilities 500 1,384 1,599
Short-term liabilities 304 628 474 230
Equity and liabilities 13,759 15,326 16,523 16,346

* 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% 0% -1% -1%
Return on equity (ROE) 1% 1% -3% -3%
Return on capital employed (ROCE) 1% 1% -2% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.22 0.26
Current Ratio 5.30 1.79 1.51 3.29
Quick ratio 2.42 1.24 1.39 2.93
Turnover ratios
Asset turnover 0.13 0.12 0.10 0.10
Fixed asset turnover 0.15 0.14 0.11 0.10
Equity turnover 0.27 0.28 0.25 0.25
Profitability ratios
EBITDA margin 21% 21% 11% 12%
Operating profit margin 2% 2% -10% -10%
Net profit margin 2% 2% -10% -10%
Other ratios
Dividends to the Municipality 13.00
Dividends paid / net profit 0.34

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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 vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code301500997
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionDruskininkai municipality
  • Share belonging to the Municipal100%
https://www.drusvand.lt/
ROE

-2.7%

Number of employees

61

Financial data provided as at end-December 2021