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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Joniškio butų ūkis“ was established on the 28th of March, 1991. The company’s main activities are supply of heat energy, real estate management, cleaning and maintenance of buildings, installation of electrical equipment and other devices, roof structures and roof coverings installation, water supply systems installation, plumbing installation, painting of piping and equipment.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 699 591 702 951
Cost of goods sold 470 413 499 654
Gross profit (loss) 229 178 203 297
Gross profit margin 33% 30% 29% 31%
Operating expenses 227 230 233 278
Operating profit (loss) 2 -52 -30 19
Operating profit margin 0% -9% -4% 2%
EBITDA 54 45 70 89
EBITDA margin 8% 8% 10% 9%
Net profit (loss) 23 15 21 48
Net profit margin 3% 2% 3% 5%

Balance sheet

2019 2020 2021 2022
Non-current assets 806 764 719 760
Intangible assets 0 0
Tangible assets 806 764 719 760
Financial assets
Other non-current assets
Current assets 572 656 777 943
Inventories and prepaid expenses 26 21 22 68
Accounts receivable in one year 265 257 320 309
Other current assets
Cash and cash equivalents 281 378 435 566
Total assets 1,379 1,421 1,498 1,706
Equity 547 562 583 631
Grants and subsidies 262 272 235 222
Liabilities 570 588 680 853
Financial liabilities 38 33 4 4
Long-term liabilities 38 33 30 136
Short-term liabilities 532 554 650 717
Equity and liabilities 1,379 1,421 1,498 1,706

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 2% 1% 1% 3%
Return on equity (ROE) 4% 3% 4% 8%
Return on capital employed (ROCE) 0% -9% -5% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.02 0.00 0.00
Current Ratio 1.07 1.18 1.20 1.32
Quick ratio 1.02 1.15 1.16 1.22
Turnover ratios
Asset turnover 0.51 0.42 0.47 0.56
Fixed asset turnover 0.87 0.77 0.98 1.25
Equity turnover 1.28 1.05 1.20 1.51
Profitability ratios
EBITDA margin 8% 8% 10% 9%
Operating profit margin 0% -9% -4% 2%
Net profit margin 3% 2% 3% 5%
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

Expectations of the municipal

About the company

  • Official nameUAB „Joniškio butų ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code157521319
  • SectorOther
  • Line of businessApartment management
  • Representing institutionJoniškis district municipality
  • Share belonging to the Municipal100%
https://jbu.lt/
ROE

7.9%

Number of employees

27

Financial data provided as at end-December 2022

Management

  • Žilvinas ŠeškevičiusChief Executive Officer

Information as of: 4/30/2023