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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Gedmina” was registered on March 9, 1998. The main activity is the provision of ritual services to the residents of Šilalė and Šilalė district.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 185 232 277 261
Cost of goods sold 146 164 202 213
Gross profit (loss) 40 69 76 47
Gross profit margin 21% 30% 27% 18%
Operating expenses 33 41 40 40
Operating profit (loss) 6 28 34 7
Operating profit margin 3% 12% 12% 3%
EBITDA 12 36 45 18
EBITDA margin 7% 15% 16% 7%
Net profit (loss) 5 26 32 6
Net profit margin 3% 11% 12% 2%

* Left axis

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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 168 165 172 165
Intangible assets 0 0
Tangible assets 168 165 172 165
Financial assets
Other non-current assets
Current assets 50 78 106 106
Inventories and prepaid expenses 14 16 18 21
Accounts receivable in one year 2 1 4 4
Other current assets
Cash and cash equivalents 35 61 84 81
Total assets 219 243 278 271
Equity 172 198 231 236
Grants and subsidies
Liabilities 47 45 48 35
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 47 45 48 35
Equity and liabilities 219 243 278 271

* 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) 2% 11% 12% 2%
Return on equity (ROE) 3% 14% 15% 2%
Return on capital employed (ROCE) 3% 14% 15% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.08 1.74 2.22 3.04
Quick ratio 0.78 1.39 1.84 2.44
Turnover ratios
Asset turnover 0.85 0.95 1.00 0.96
Fixed asset turnover 1.10 1.41 1.61 1.58
Equity turnover 1.08 1.17 1.20 1.10
Profitability ratios
EBITDA margin 7% 15% 16% 7%
Operating profit margin 3% 12% 12% 3%
Net profit margin 3% 11% 12% 2%
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 „Gedmina“
  • Legal formPrivate limited liability company (UAB)
  • Company code176633027
  • SectorOther
  • Line of businessFuneral services
  • Representing institutionŠilalė district municipality
  • Share belonging to the Municipal100%
https://gedmina.lt/
ROE

2.5%

Number of employees

9

Financial data provided as at end-December 2022

Management

  • Donatas GrigalisChief Executive Officer

Information as of: 4/30/2023