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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Giraitės vandenys” was registered on May 7, 1992. The main activity of the company is drinking water supply, wastewater disposal and treatment, wastewater removal by sewage vehicles.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 2,052 2,450 2,718 3,120
Cost of goods sold 1,812 2,148 2,376 3,278
Gross profit (loss) 240 302 342 -158
Gross profit margin 12% 12% 13% -5%
Operating expenses 229 313 326 379
Operating profit (loss) 11 -11 16 -538
Operating profit margin 1% -0% 1% -17%
EBITDA 331 443 474 -14
EBITDA margin 16% 18% 17% -0%
Net profit (loss) 8 16 19 -535
Net profit margin 0% 1% 1% -17%

* 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 28,615 30,951 35,773 40,714
Intangible assets 0 25 22 20
Tangible assets 28,615 30,925 35,751 40,695
Financial assets
Other non-current assets
Current assets 471 624 762 1,307
Inventories and prepaid expenses 55 69 33 44
Accounts receivable in one year 363 466 476 595
Other current assets
Cash and cash equivalents 53 89 252 668
Total assets 29,091 31,579 36,537 42,024
Equity 9,073 9,089 9,108 13,513
Grants and subsidies 18,445 19,392 23,372 24,861
Liabilities 1,574 3,097 4,057 3,649
Financial liabilities 201 144 114 422
Long-term liabilities 14 10 18 293
Short-term liabilities 1,559 3,088 4,039 3,356
Equity and liabilities 29,091 31,579 36,537 42,024

* 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) 0% 0% 0% -1%
Return on equity (ROE) 0% 0% 0% -5%
Return on capital employed (ROCE) 0% -0% 0% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.00 0.00 0.01
Current Ratio 0.30 0.20 0.19 0.39
Quick ratio 0.27 0.18 0.18 0.38
Turnover ratios
Asset turnover 0.07 0.08 0.07 0.07
Fixed asset turnover 0.07 0.08 0.08 0.08
Equity turnover 0.23 0.27 0.30 0.23
Profitability ratios
EBITDA margin 16% 18% 17% -0%
Operating profit margin 1% -0% 1% -17%
Net profit margin 0% 1% 1% -17%
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 „Giraitės vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code159702357
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionKaunas district municipality
  • Share belonging to the Municipal100%
https://giraitesvandenys.lt/
ROE

-4.7%

Number of employees

82

Financial data provided as at end-December 2022

Management

  • Andrius DzevyžisChief Executive Officer

Information as of: 4/30/2023