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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Gatvių apšvietimas“ was established on the 19th of November, 1990. The company manages and repairs street lighting networks, provides traffic control services in Klaipeda city,

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 2,475 2,530 2,994 3,199
Cost of goods sold 1,547 1,473 2,111 2,222
Gross profit (loss) 928 1,057 883 978
Gross profit margin 37% 42% 29% 31%
Operating expenses 860 1,049 578 657
Operating profit (loss) 68 8 305 321
Operating profit margin 3% 0% 10% 10%
EBITDA 333 401 718 719
EBITDA margin 13% 16% 24% 22%
Net profit (loss) 39 45 302 308
Net profit margin 2% 2% 10% 10%

Balance sheet

2018 2019 2020 2021
Non-current assets 6,860 7,981 9,043 9,833
Intangible assets 10 5 9 9
Tangible assets 6,849 7,976 9,034 9,824
Financial assets
Other non-current assets 2 1
Current assets 972 1,098 1,778 2,141
Inventories and prepaid expenses 137 291 192 194
Accounts receivable in one year 238 380 462 497
Other current assets
Cash and cash equivalents 598 426 1,124 1,450
Total assets 7,833 9,079 10,821 11,974
Equity 6,640 6,674 6,966 7,234
Grants and subsidies 874 2,111 3,500 4,269
Liabilities 319 294 354 471
Financial liabilities
Long-term liabilities
Short-term liabilities 319 294 354 471
Equity and liabilities 7,833 9,079 10,821 11,974

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 1% 3% 3%
Return on equity (ROE) 1% 1% 4% 4%
Return on capital employed (ROCE) 1% 1% 7% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.05 3.73 5.01 4.54
Quick ratio 2.62 2.74 4.47 4.13
Turnover ratios
Asset turnover 0.35 0.30 0.30 0.28
Fixed asset turnover 0.40 0.34 0.35 0.34
Equity turnover 0.63 0.38 0.44 0.45
Profitability ratios
EBITDA margin 13% 16% 24% 22%
Operating profit margin 3% 0% 10% 10%
Net profit margin 2% 2% 10% 10%
Other ratios
Dividends to the Municipality 10.00 10.00 40.00 46.24
Dividends paid / net profit 0.25 0.22 0.13 0.15

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Gatvių apšvietimas“
  • Legal formPrivate limited liability company (UAB)
  • Company code140031353
  • SectorOther
  • Line of businessLighting maintenance
  • Representing institutionKlaipėda city municipality
  • Share belonging to the Municipal100%
https://www.kga.lt/
ROE

4.3%

Number of employees

31

Financial data provided as at end-December 2021