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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

By the decision of AB Lietuvos Energija in 2000 Komunalinių įmonių kombinatas was separated from AB Lietuvos Elektrinė and renamed into UAB Elektrėnų komunalinis ūkis, whose sole shareholder is the Elektrėnai Municipality Council. The company supplies heat energy and drinking water, collects and purifies wastewater and waste, administers apartments and other premises, maintains general order in the city.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 7,435 7,021 7,864 9,918
Cost of goods sold 6,898 6,015 6,907 8,894
Gross profit (loss) 537 1,006 957 1,024
Gross profit margin 7% 14% 12% 10%
Operating expenses 874 890 932 1,085
Operating profit (loss) -338 116 25 -62
Operating profit margin -5% 2% 0% -1%
EBITDA 945 774 751 672
EBITDA margin 13% 11% 10% 7%
Net profit (loss) -240 212 118 14
Net profit margin -3% 3% 1% 0%

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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 21,136 21,566 22,936 23,674
Intangible assets 43 31 9 9
Tangible assets 21,010 21,441 22,835 23,578
Financial assets 3 3 3 3
Other non-current assets 80 93 90 85
Current assets 2,426 2,696 2,626 3,233
Inventories and prepaid expenses 176 182 228 240
Accounts receivable in one year 1,435 1,328 1,575 2,278
Other current assets 0 0
Cash and cash equivalents 814 1,186 823 716
Total assets 23,634 24,318 25,575 26,920
Equity 6,772 6,984 6,782 6,796
Grants and subsidies 13,609 13,038 14,064 14,625
Liabilities 3,253 4,293 4,729 5,498
Financial liabilities 1,340 2,521 2,728 2,559
Long-term liabilities 1,007 2,122 2,256 2,083
Short-term liabilities 2,246 2,171 2,473 3,415
Equity and liabilities 23,634 24,318 25,575 26,920

* 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) -1% 1% 0% 0%
Return on equity (ROE) -3% 3% 2% 0%
Return on capital employed (ROCE) -4% 1% 0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.10 0.11 0.10
Current Ratio 1.08 1.24 1.06 0.95
Quick ratio 1.00 1.16 0.97 0.88
Turnover ratios
Asset turnover 0.31 0.29 0.31 0.37
Fixed asset turnover 0.35 0.33 0.34 0.42
Equity turnover 1.10 1.01 1.16 1.46
Profitability ratios
EBITDA margin 13% 11% 10% 7%
Operating profit margin -5% 2% 0% -1%
Net profit margin -3% 3% 1% 0%
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 „Elektrėnų komunalinis ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code181613656
  • SectorOther
  • Line of businessUtilities
  • Representing institutionElektrėnai municipality
  • Share belonging to the Municipal100%
https://eku.lt/
ROE

0.2%

Number of employees

184

Financial data provided as at end-December 2022

Management

  • Ričardas LeckasChief Executive Officer

Information as of: 2023/04/30