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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

2019 2020 2021 2022
Revenue 1,062 1,089 1,161 1,270
Cost of goods sold 929 944 1,086 1,387
Gross profit (loss) 134 144 76 -117
Gross profit margin 13% 13% 7% -9%
Operating expenses 222 213 257 264
Operating profit (loss) -89 -69 -181 -381
Operating profit margin -8% -6% -16% -30%
EBITDA 141 186 85 -126
EBITDA margin 13% 17% 7% -10%
Net profit (loss) -42 -15 -133 -353
Net profit margin -4% -1% -11% -28%

Balance sheet

2019 2020 2021 2022
Non-current assets 20,264 20,651 21,039 20,631
Intangible assets 10 6 26 66
Tangible assets 20,254 20,646 21,014 20,566
Financial assets 0 0 0
Other non-current assets 0 0 0
Current assets 661 653 496 441
Inventories and prepaid expenses 110 113 68 110
Accounts receivable in one year 227 174 198 198
Other current assets 0 0 0
Cash and cash equivalents 324 367 231 133
Total assets 20,927 21,308 21,536 21,075
Equity 4,281 4,348 4,215 3,920
Grants and subsidies 15,678 15,678 15,829 15,454
Liabilities 967 1,282 1,493 1,700
Financial liabilities 761 921 908 859
Long-term liabilities 711 841 833 781
Short-term liabilities 257 441 660 919
Equity and liabilities 20,927 21,308 21,536 21,075

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% -0% -1% -2%
Return on equity (ROE) -1% -0% -3% -9%
Return on capital employed (ROCE) -2% -1% -4% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.04 0.04 0.04
Current Ratio 2.58 1.48 0.75 0.48
Quick ratio 2.15 1.23 0.65 0.36
Turnover ratios
Asset turnover 0.05 0.05 0.05 0.06
Fixed asset turnover 0.05 0.05 0.06 0.06
Equity turnover 0.25 0.25 0.28 0.32
Profitability ratios
EBITDA margin 13% 17% 7% -10%
Operating profit margin -8% -6% -16% -30%
Net profit margin -4% -1% -11% -28%
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

-8.7%

Number of employees

42

Financial data provided as at end-December 2022

Management

  • Vitalijus Petraitis Chief Executive Officer

Information as of: 2023/04/30