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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Gargždų turgus” was registered on June 29, 1995. The main activity of UAB “Gargždų turgus” is the organization of trade and the lease of trade places for retail trade companies and individual traders.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 98 99 106 122
Cost of goods sold 107 106 101 126
Gross profit (loss) -9 -7 5 -4
Gross profit margin -9% -7% 5% -3%
Operating expenses
Operating profit (loss) -9 -7 5 -4
Operating profit margin -9% -7% 5% -3%
EBITDA -1 -2 17 7
EBITDA margin -1% -2% 16% 6%
Net profit (loss) -8 -8 11 0
Net profit margin -8% -8% 10% 0%

Balance sheet

2018 2019 2020 2021
Non-current assets 79 74 69 69
Intangible assets 1 0 0
Tangible assets 78 74 69 69
Financial assets
Other non-current assets
Current assets 46 43 54 55
Inventories and prepaid expenses 1 1 1 1
Accounts receivable in one year 5 0 0 1
Other current assets
Cash and cash equivalents 40 42 52 53
Total assets 125 118 123 125
Equity 112 104 114 115
Grants and subsidies
Liabilities 13 14 9 10
Financial liabilities
Long-term liabilities
Short-term liabilities 13 14 9 10
Equity and liabilities 124 118 123 125

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -6% -7% 9% 0%
Return on equity (ROE) -7% -8% 10% 0%
Return on capital employed (ROCE) -13% -15% 18% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.56 3.07 6.07 5.51
Quick ratio 3.52 3.03 5.93 5.37
Turnover ratios
Asset turnover 0.76 0.82 0.88 0.99
Fixed asset turnover 1.24 1.29 1.48 1.77
Equity turnover 0.85 0.92 0.98 1.07
Profitability ratios
EBITDA margin -1% -2% 16% 6%
Operating profit margin -9% -7% 5% -3%
Net profit margin -8% -8% 10% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Gargždų turgus“ 
  • Legal formPrivate limited liability company (UAB)
  • Company code163252987
  • SectorOther
  • Line of businessMarketplace administration
  • Representing institutionKlaipėda district municipality
  • Share belonging to the Municipal90%
https://www.gargzduturgus.lt/
ROE

0.3%

Number of employees

6

Financial data provided as at end-December 2021