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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Ignalinos butų ūkis was established in 1995. The company carries out regular maintenance and repair of residential public buildings, regular maintenance of non-residential buildings.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 218 200 225 261
Cost of goods sold 135 89 119 133
Gross profit (loss) 83 111 106 128
Gross profit margin 38% 55% 47% 49%
Operating expenses 97 114 121 154
Operating profit (loss) -14 -4 -15 -26
Operating profit margin -6% -2% -7% -10%
EBITDA -4 7 -8 59
EBITDA margin -2% 3% -4% 23%
Net profit (loss) -15 -5 -19 44
Net profit margin -7% -2% -9% 17%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 396 385 382 312
Intangible assets 0 0
Tangible assets 396 385 382 312
Financial assets
Other non-current assets
Current assets 294 364 371 501
Inventories and prepaid expenses 7 6 10 16
Accounts receivable in one year 128 121 126 132
Other current assets 0 0 0
Cash and cash equivalents 159 236 234 353
Total assets 690 748 753 813
Equity 369 364 345 389
Grants and subsidies 10 9 8 7
Liabilities 311 375 400 417
Financial liabilities 13 12 10 9
Long-term liabilities 13 12 18 16
Short-term liabilities 297 363 382 400
Equity and liabilities 690 748 753 813

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% -1% -3% 6%
Return on equity (ROE) -4% -1% -5% 12%
Return on capital employed (ROCE) -8% -2% -10% 23%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.03 0.03 0.02
Current Ratio 0.99 1.00 0.97 1.25
Quick ratio 0.96 0.99 0.94 1.21
Turnover ratios
Asset turnover 0.32 0.28 0.30 0.33
Fixed asset turnover 0.54 0.51 0.59 0.75
Equity turnover 0.58 0.54 0.64 0.71
Profitability ratios
EBITDA margin -2% 3% -4% 23%
Operating profit margin -6% -2% -7% -10%
Net profit margin -7% -2% -9% 17%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB Ignalinos butų ūkis
  • Legal formPrivate limited liability company (UAB)
  • Company code255512870
  • SectorOther
  • Line of businessApartment management
  • Representing institutionIgnalina district municipality
  • Share belonging to the Municipal100%
https://ignalinosbutuukis.lt/
ROE

12.0%

Number of employees

20

Financial data provided as at end-December 2021