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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

2018 2019 2020 2021
Revenue 162 185 232 277
Cost of goods sold 127 146 164 202
Gross profit (loss) 35 40 69 76
Gross profit margin 21% 21% 30% 27%
Operating expenses 33 34 41 41
Operating profit (loss) 2 6 28 34
Operating profit margin 1% 3% 12% 12%
EBITDA 8 12 36 45
EBITDA margin 5% 7% 15% 16%
Net profit (loss) 2 5 26 32
Net profit margin 1% 3% 11% 12%

Balance sheet

2018 2019 2020 2021
Non-current assets 171 168 165 172
Intangible assets 0
Tangible assets 171 168 165 172
Financial assets
Other non-current assets
Current assets 41 50 78 106
Inventories and prepaid expenses 20 14 16 18
Accounts receivable in one year 1 2 1 4
Other current assets
Cash and cash equivalents 21 35 61 84
Total assets 213 219 243 278
Equity 167 172 198 230
Grants and subsidies 1
Liabilities 45 47 45 48
Financial liabilities 45
Long-term liabilities
Short-term liabilities 45 47 45 48
Equity and liabilities 213 219 243 278

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 2% 11% 12%
Return on equity (ROE) 1% 3% 14% 15%
Return on capital employed (ROCE) 2% 6% 28% 30%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.27
Current Ratio 0.91 1.08 1.74 2.22
Quick ratio 0.48 0.78 1.39 1.84
Turnover ratios
Asset turnover 0.75 0.86 1.00 1.06
Fixed asset turnover 0.94 1.09 1.40 1.65
Equity turnover 1.01 1.09 1.25 1.29
Profitability ratios
EBITDA margin 5% 7% 15% 16%
Operating profit margin 1% 3% 12% 12%
Net profit margin 1% 3% 11% 12%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

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://www.gedmina.lt/
ROE

15.0%

Number of employees

9

Financial data provided as at end-December 2021