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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Closed joint-stock company “Ignalinos Vanduo” was established in 1992. The company supplies water to Ignalina district residents and companies, collects and treats wastewater and leases spec. machines and tractors.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 620 629 626 637
Cost of goods sold 500 509 520 557
Gross profit (loss) 120 120 106 80
Gross profit margin 19% 19% 17% 13%
Operating expenses 160 174 154 154
Operating profit (loss) -41 -54 -48 -75
Operating profit margin -7% -9% -8% -12%
EBITDA 24 5 25 -19
EBITDA margin 4% 1% 4% -3%
Net profit (loss) -14 -38 -29 -68
Net profit margin -2% -6% -5% -11%

Balance sheet

2018 2019 2020 2021
Non-current assets 8,745 8,693 7,836 7,075
Intangible assets 2 1
Tangible assets 8,745 8,693 7,834 7,074
Financial assets
Other non-current assets
Current assets 191 168 213 206
Inventories and prepaid expenses 9 19 15 28
Accounts receivable in one year 149 147 161 127
Other current assets
Cash and cash equivalents 33 2 37 52
Total assets 8,946 8,873 8,049 7,281
Equity 1,015 977 948 908
Grants and subsidies 7,585 7,539 6,974 6,252
Liabilities 342 356 125 120
Financial liabilities 30 38 20
Long-term liabilities 0 0
Short-term liabilities 293 305 81 79
Equity and liabilities 8,946 8,873 8,049 7,281

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -0% -0% -0% -1%
Return on equity (ROE) -1% -4% -3% -7%
Return on capital employed (ROCE) -1% -1% -1% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.04 0.02
Current Ratio 0.65 0.55 2.62 2.62
Quick ratio 0.62 0.49 2.43 2.27
Turnover ratios
Asset turnover 0.07 0.07 0.07 0.08
Fixed asset turnover 0.07 0.07 0.08 0.09
Equity turnover 0.61 0.63 0.65 0.69
Profitability ratios
EBITDA margin 4% 1% 4% -3%
Operating profit margin -7% -9% -8% -12%
Net profit margin -2% -6% -5% -11%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

About the company

  • Official nameUAB „Ignalinos vanduo“
  • Legal formPrivate limited liability company (UAB)
  • Company code155461670
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionIgnalina district municipality
  • Share belonging to the Municipal99.5%
http://www.ignalinosvanduo.lt/
ROE

-7.4%

Number of employees

35

Financial data provided as at end-December 2021