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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

2019 2020 2021 2022
Revenue 21,512 25,063 22,196 23,460
Cost of goods sold 19,513 22,210 19,979 20,228
Gross profit (loss) 2,000 2,852 2,217 3,231
Gross profit margin 9% 11% 10% 14%
Operating expenses 1,238 1,704 1,436 1,904
Operating profit (loss) 762 1,148 781 1,327
Operating profit margin 4% 5% 4% 6%
EBITDA 3,157 3,503 3,428 3,207
EBITDA margin 15% 14% 15% 14%
Net profit (loss) 1,190 918 558 1,056
Net profit margin 6% 4% 3% 5%

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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 26,214 34,538 37,353 53,764
Intangible assets 24 29 31 390
Tangible assets 25,030 34,417 37,235 53,293
Financial assets 1,140 59 60 60
Other non-current assets 20 33 26 22
Current assets 11,222 21,762 26,046 22,285
Inventories and prepaid expenses 285 330 294 557
Accounts receivable in one year 9,993 7,104 7,247 7,701
Other current assets
Cash and cash equivalents 944 14,328 18,505 14,027
Total assets 37,462 56,327 63,436 76,217
Equity 26,195 27,017 27,425 28,301
Grants and subsidies 4,391 21,083 27,848 38,265
Liabilities 6,776 8,045 7,609 9,441
Financial liabilities 2,302 4,206 3,720 3,023
Long-term liabilities 1,784 3,264 2,664 1,958
Short-term liabilities 4,992 4,781 4,945 7,483
Equity and liabilities 37,462 56,327 63,436 76,217

* 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) 3% 2% 1% 2%
Return on equity (ROE) 4% 3% 2% 4%
Return on capital employed (ROCE) 3% 4% 3% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.07 0.06 0.04
Current Ratio 2.25 4.55 5.27 2.98
Quick ratio 2.19 4.48 5.21 2.90
Turnover ratios
Asset turnover 0.57 0.44 0.35 0.31
Fixed asset turnover 0.82 0.73 0.59 0.44
Equity turnover 0.82 0.93 0.81 0.83
Profitability ratios
EBITDA margin 15% 14% 15% 14%
Operating profit margin 4% 5% 4% 6%
Net profit margin 6% 4% 3% 5%
Other ratios
Dividends to the Municipality 150.00 150.00 180.00 200.00
Dividends paid / net profit 0.13 0.16 0.32 0.19

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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 „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 indirectly belonging to the Municipal0%
https://grinda.lt/
Return to the Municipality

200 EUR thousand

ROE

3.8%

Number of employees

483

Financial data provided as at end-December 2022

Management

  • Jonas DavidavičiusChief Executive Officer

Information as of: 12/29/2023