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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

2019 2020 2021 2022
Revenue 1,808 1,581 1,586 1,765
Cost of goods sold 1,272 1,284 1,374 1,775
Gross profit (loss) 537 297 212 -11
Gross profit margin 30% 19% 13% -1%
Operating expenses 392 363 264 285
Operating profit (loss) 35 -166 -160 -416
Operating profit margin 2% -10% -10% -24%
EBITDA 375 179 182 -21
EBITDA margin 21% 11% 11% -1%
Net profit (loss) 38 -165 -166 -373
Net profit margin 2% -10% -10% -21%

* Left axis

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 14,198 15,803 15,585 15,393
Intangible assets 27 23 31 24
Tangible assets 13,746 15,354 15,129 14,943
Financial assets 426 426 426 426
Other non-current assets
Current assets 1,124 716 756 629
Inventories and prepaid expenses 346 56 82 81
Accounts receivable in one year 300 227 279 222
Other current assets
Cash and cash equivalents 479 433 395 326
Total assets 15,326 16,523 16,346 16,023
Equity 6,501 6,323 6,158 5,785
Grants and subsidies 7,694 8,339 8,356 8,318
Liabilities 1,128 1,857 1,828 1,918
Financial liabilities 500 1,388 1,611 1,610
Long-term liabilities 500 1,384 1,599 1,509
Short-term liabilities 628 474 230 410
Equity and liabilities 15,326 16,523 16,346 16,023

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% -1% -1% -2%
Return on equity (ROE) 1% -3% -3% -6%
Return on capital employed (ROCE) 0% -2% -2% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.08 0.10 0.10
Current Ratio 1.79 1.51 3.29 1.53
Quick ratio 1.24 1.39 2.93 1.34
Turnover ratios
Asset turnover 0.12 0.10 0.10 0.11
Fixed asset turnover 0.13 0.10 0.10 0.11
Equity turnover 0.28 0.25 0.26 0.31
Profitability ratios
EBITDA margin 21% 11% 11% -1%
Operating profit margin 2% -10% -10% -24%
Net profit margin 2% -10% -10% -21%
Other ratios
Dividends to the Municipality 13.00 0.00 0.00 0.00
Dividends paid / net profit 0.34 0.00 0.00 0.00

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

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://drusvand.lt/
ROE

-6.2%

Number of employees

61

Financial data provided as at end-December 2022

Management

  • Mindaugas JaskelevičiusChief Executive Officer

Information as of: 4/30/2023