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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Joniškio vandenys” was established on October 23, 1991. The main activity of the company is drinking water supply and wastewater treatment, surface wastewater management. The company also takes care of the installation and repair of pipelines, engages in architectural and engineering activities.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,036 1,062 1,089 1,161
Cost of goods sold 887 929 944 1,086
Gross profit (loss) 149 134 144 76
Gross profit margin 14% 13% 13% 7%
Operating expenses 174 222 213 257
Operating profit (loss) -25 -89 -69 -181
Operating profit margin -2% -8% -6% -16%
EBITDA 186 141 186 88
EBITDA margin 18% 13% 17% 8%
Net profit (loss) 1 -42 -15 -133
Net profit margin 0% -4% -1% -11%

* 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 19,862 20,264 20,651 21,039
Intangible assets 14 10 6 26
Tangible assets 19,848 20,254 20,646 21,014
Financial assets
Other non-current assets
Current assets 650 661 653 496
Inventories and prepaid expenses 93 110 113 68
Accounts receivable in one year 265 227 174 198
Other current assets
Cash and cash equivalents 292 324 367 231
Total assets 20,514 20,927 21,308 21,536
Equity 4,351 4,281 4,348 4,215
Grants and subsidies 15,349 15,678 15,678 15,829
Liabilities 814 967 1,282 1,493
Financial liabilities 706 761 921 908
Long-term liabilities 630 711 841 833
Short-term liabilities 184 257 441 660
Equity and liabilities 20,514 20,927 21,308 21,536

* 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) 0% -0% -0% -1%
Return on equity (ROE) 0% -1% -0% -3%
Return on capital employed (ROCE) 0% -0% -0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16 0.18 0.21 0.22
Current Ratio 3.54 2.58 1.48 0.75
Quick ratio 3.03 2.15 1.23 0.65
Turnover ratios
Asset turnover 0.05 0.05 0.05 0.05
Fixed asset turnover 0.05 0.05 0.05 0.06
Equity turnover 0.27 0.25 0.25 0.27
Profitability ratios
EBITDA margin 18% 13% 17% 8%
Operating profit margin -2% -8% -6% -16%
Net profit margin 0% -4% -1% -11%
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 „Joniškio vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code157531950
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionJoniškis district municipality
  • Share belonging to the Municipal100%
https://joniskiovandenys.lt/
ROE

-3.1%

Number of employees

47

Financial data provided as at end-December 2021