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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Dzūkijos vandenys” have been registered in 1991, as a closed joint-stock company supplying drinking water, operating sewage networks and sewage plants, laying and repairing water supply and sewage systems, and performing other works on the Alytus city. The purpose of the company is to provide reliable water supply and wastewater treatment services to consumers at the lowest cost and with minimal damage to the environment.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 4,526 4,807 4,894 5,214
Cost of goods sold 2,911 3,106 3,263 4,451
Gross profit (loss) 1,616 1,701 1,631 763
Gross profit margin 36% 35% 33% 15%
Operating expenses 1,184 1,279 1,288 1,544
Operating profit (loss) 127 136 27 -1,148
Operating profit margin 3% 3% 1% -22%
EBITDA 1,301 1,265 1,210 152
EBITDA margin 29% 26% 25% 3%
Net profit (loss) 175 168 52 -963
Net profit margin 4% 3% 1% -18%

* Left axis

** Right axis

*** 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 43,464 44,386 43,078 42,484
Intangible assets 282 246 277 366
Tangible assets 43,182 44,140 42,801 41,957
Financial assets
Other non-current assets 161
Current assets 1,646 2,040 2,224 1,493
Inventories and prepaid expenses 224 255 221 462
Accounts receivable in one year 529 484 496 648
Other current assets
Cash and cash equivalents 893 1,301 1,508 384
Total assets 45,128 46,445 45,315 44,004
Equity 18,540 18,807 18,860 17,897
Grants and subsidies 23,765 24,724 24,136 23,270
Liabilities 2,768 2,891 2,297 2,827
Financial liabilities 1,515 1,826 1,777 1,774
Long-term liabilities 1,428 1,696 1,647 1,637
Short-term liabilities 1,340 1,195 651 1,190
Equity and liabilities 45,128 46,445 45,315 44,004

* 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% 0% 0% -2%
Return on equity (ROE) 1% 1% 0% -5%
Return on capital employed (ROCE) 1% 1% 0% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.04 0.04 0.04
Current Ratio 1.23 1.71 3.42 1.26
Quick ratio 1.06 1.49 3.08 0.87
Turnover ratios
Asset turnover 0.10 0.10 0.11 0.12
Fixed asset turnover 0.10 0.11 0.11 0.12
Equity turnover 0.24 0.26 0.26 0.29
Profitability ratios
EBITDA margin 29% 26% 25% 3%
Operating profit margin 3% 3% 1% -22%
Net profit margin 4% 3% 1% -18%
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

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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 „Dzūkijos vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code149566841
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionAlytus city municipality
  • Share belonging to the Municipal99.88%
https://vandenys.lt
ROE

-5.2%

Number of employees

131

Financial data provided as at end-December 2022

Management

  • Jurijus ČerviakovskisChief Executive Officer

Information as of: 4/30/2023