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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

2020 2021 2022 2023
Revenue 1,089 1,161 1,270 1,697
Cost of goods sold 944 1,086 1,387 1,254
Gross profit (loss) 144 76 -117 442
Gross profit margin 13% 7% -9% 26%
Operating expenses 213 257 264 299
Operating profit (loss) -69 -181 -380 144
Operating profit margin -6% -16% -30% 8%
EBITDA 186 85 -125 393
EBITDA margin 17% 7% -10% 23%
Net profit (loss) -15 -133 -353 146
Net profit margin -1% -11% -28% 9%

Balance sheet

2020 2021 2022 2023
Non-current assets 20,651 21,039 20,631 20,317
Intangible assets 6 26 66 53
Tangible assets 20,646 21,014 20,566 20,264
Financial assets 0 0 0
Other non-current assets 0 0 0
Current assets 653 496 441 364
Inventories and prepaid expenses 113 68 110 44
Accounts receivable in one year 174 198 198 260
Other current assets 0 0 0
Cash and cash equivalents 367 231 133 59
Total assets 21,308 21,536 21,075 20,685
Equity 4,348 4,215 3,920 4,065
Grants and subsidies 15,678 15,829 15,454 14,949
Liabilities 1,282 1,493 1,700 1,672
Financial liabilities 921 908 859 901
Long-term liabilities 841 833 781 799
Short-term liabilities 441 660 919 872
Equity and liabilities 21,308 21,536 21,075 20,685

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) -0% -1% -2% 1%
Return on equity (ROE) -0% -3% -9% 4%
Return on capital employed (ROCE) -1% -4% -8% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.04 0.04 0.04
Current Ratio 1.48 0.75 0.48 0.42
Quick ratio 1.23 0.65 0.36 0.37
Turnover ratios
Asset turnover 0.05 0.05 0.06 0.08
Fixed asset turnover 0.05 0.06 0.06 0.08
Equity turnover 0.25 0.28 0.32 0.42
Profitability ratios
EBITDA margin 17% 7% -10% 23%
Operating profit margin -6% -16% -30% 8%
Net profit margin -1% -11% -28% 9%
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 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

3.6%

Number of employees

42

Financial data provided as at end-December 2023

Management

  • Dainius StrockisChief Executive Officer

Information as of: 2024/04/30