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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Grinda”was registered on December 28, 1990. The main activities of the company are repair and maintenance of street and yard pavement, localization and elimination of emergency situations, maintenance and operation of rainwater networks. It also performs the functions of the central dispatching office and the emergency service of internal networks.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 21,769 21,512 25,063 22,196
Cost of goods sold 19,601 19,513 22,210 19,979
Gross profit (loss) 2,169 2,000 2,852 2,217
Gross profit margin 10% 9% 11% 10%
Operating expenses 1,211 1,238 1,704 1,436
Operating profit (loss) 958 762 1,148 781
Operating profit margin 4% 4% 5% 4%
EBITDA 2,643 3,157 3,503 3,428
EBITDA margin 12% 15% 14% 15%
Net profit (loss) 871 1,190 918 558
Net profit margin 4% 6% 4% 3%

Balance sheet

2018 2019 2020 2021
Non-current assets 24,700 26,214 34,538 37,353
Intangible assets 26 24 29 31
Tangible assets 23,515 25,030 34,417 37,235
Financial assets 1,143 1,140 59 60
Other non-current assets 16 20 33 26
Current assets 9,042 11,222 21,762 26,046
Inventories and prepaid expenses 419 285 330 294
Accounts receivable in one year 6,770 9,993 7,104 7,247
Other current assets
Cash and cash equivalents 1,853 944 14,328 18,505
Total assets 33,759 37,462 56,327 63,436
Equity 27,105 26,195 27,017 27,425
Grants and subsidies 1,442 4,391 21,083 27,848
Liabilities 5,204 6,867 8,212 7,734
Financial liabilities 1,387 2,302 4,206 3,720
Long-term liabilities 826 1,784 3,264 2,664
Short-term liabilities 4,311 4,992 4,781 4,945
Equity and liabilities 33,759 37,462 56,327 63,436

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 3% 3% 2% 1%
Return on equity (ROE) 3% 4% 3% 2%
Return on capital employed (ROCE) 7% 9% 5% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.05 0.09 0.16 0.14
Current Ratio 2.10 2.25 4.55 5.27
Quick ratio 2.00 2.19 4.48 5.21
Turnover ratios
Asset turnover 0.67 0.60 0.53 0.37
Fixed asset turnover 0.92 0.85 0.83 0.62
Equity turnover 0.81 0.81 0.94 0.82
Profitability ratios
EBITDA margin 12% 15% 14% 15%
Operating profit margin 4% 4% 5% 4%
Net profit margin 4% 6% 4% 3%
Other ratios
Dividends to the Municipality 622.00 150.00 150.00 180.00
Dividends paid / net profit 0.71 0.13 0.16 0.32

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Grinda“
  • Legal formPrivate limited liability company (UAB)
  • Company code120153047
  • SectorOther
  • Line of businessConstruction and architecture, construction and maintenance of streets, roads, control of stray animals, maintenance of city beaches
  • Representing institutionVilnius city municipality
  • Share belonging to the Municipal100%
https://www.grinda.lt/
ROE

2.1%

Number of employees

454

Financial data provided as at end-December 2021