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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

2018 2019 2020 2021
Revenue 7,446 7,435 7,021 7,864
Cost of goods sold 6,608 6,898 6,015 6,907
Gross profit (loss) 838 537 1,006 957
Gross profit margin 11% 7% 14% 12%
Operating expenses 859 874 890 932
Operating profit (loss) -21 -338 116 25
Operating profit margin -0% -5% 2% 0%
EBITDA 727 945 774 751
EBITDA margin 10% 13% 11% 10%
Net profit (loss) 27 -240 212 118
Net profit margin 0% -3% 3% 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 21,056 21,136 21,566 22,936
Intangible assets 56 43 31 9
Tangible assets 20,922 21,010 21,441 22,835
Financial assets 3 3 3 3
Other non-current assets 75 80 93 90
Current assets 2,730 2,426 2,696 2,626
Inventories and prepaid expenses 202 176 182 228
Accounts receivable in one year 1,766 1,435 1,328 1,575
Other current assets
Cash and cash equivalents 762 814 1,186 823
Total assets 23,841 23,634 24,318 25,576
Equity 7,406 6,772 6,984 6,783
Grants and subsidies 13,403 13,609 13,038 14,064
Liabilities 3,032 3,253 4,293 4,729
Financial liabilities 1,276 1,340 2,521 2,728
Long-term liabilities 881 1,007 2,122 2,256
Short-term liabilities 2,151 2,246 2,171 2,473
Equity and liabilities 23,841 23,634 24,318 25,576

* 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% 1% 0%
Return on equity (ROE) 0% -3% 3% 2%
Return on capital employed (ROCE) 0% -2% 2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.17 0.20 0.36 0.40
Current Ratio 1.27 1.08 1.24 1.06
Quick ratio 1.18 1.00 1.16 0.97
Turnover ratios
Asset turnover 0.31 0.31 0.29 0.32
Fixed asset turnover 0.35 0.35 0.33 0.35
Equity turnover 1.01 1.05 1.02 1.14
Profitability ratios
EBITDA margin 10% 13% 11% 10%
Operating profit margin -0% -5% 2% 0%
Net profit margin 0% -3% 3% 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 „Elektrėnų komunalinis ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code181613656
  • SectorOther
  • Line of businessUtilities
  • Representing institutionElektrėnai municipality
  • Share belonging to the Municipal100%
http://www.eku.lt/
ROE

1.7%

Number of employees

173

Financial data provided as at end-December 2021