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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kalvarijos komunalininkas” was established on September 9, 1992. The main activities of the company are drinking water supply and wastewater treatment, as well as other related activities, administration services of apartment buildings, heat supply, provision of all types of utilities, construction repair works, real estate management and other service activities.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 777 864 928 1,043
Cost of goods sold 599 613 670 866
Gross profit (loss) 179 250 258 176
Gross profit margin 23% 29% 28% 17%
Operating expenses 230 321 261 323
Operating profit (loss) -51 -71 -3 -147
Operating profit margin -7% -8% -0% -14%
EBITDA -1 -35 58 -90
EBITDA margin -0% -4% 6% -9%
Net profit (loss) -76 -99 -7 -153
Net profit margin -10% -11% -1% -15%

Balance sheet

2019 2020 2021 2022
Non-current assets 10,854 10,606 10,259 10,206
Intangible assets 0 0 0 0
Tangible assets 9,647 9,400 9,053 9,000
Financial assets 1,206 1,206 1,206 1,206
Other non-current assets
Current assets 514 483 682 707
Inventories and prepaid expenses 25 23 23 47
Accounts receivable in one year 323 323 322 339
Other current assets
Cash and cash equivalents 166 137 338 322
Total assets 11,368 11,089 10,941 10,913
Equity 2,194 2,114 2,257 2,104
Grants and subsidies 8,401 8,276 7,979 7,973
Liabilities 747 669 666 793
Financial liabilities 468 365 384 401
Long-term liabilities 351 364 364 345
Short-term liabilities 396 305 302 448
Equity and liabilities 11,368 11,089 10,941 10,913

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -1% -1% -0% -1%
Return on equity (ROE) -3% -5% -0% -7%
Return on capital employed (ROCE) -2% -3% -0% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.03 0.04 0.04
Current Ratio 1.30 1.58 2.26 1.58
Quick ratio 1.23 1.51 2.18 1.47
Turnover ratios
Asset turnover 0.07 0.08 0.08 0.10
Fixed asset turnover 0.07 0.08 0.09 0.10
Equity turnover 0.35 0.41 0.41 0.50
Profitability ratios
EBITDA margin -0% -4% 6% -9%
Operating profit margin -7% -8% -0% -14%
Net profit margin -10% -11% -1% -15%
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 „Kalvarijos komunalininkas“
  • Legal formPrivate limited liability company (UAB)
  • Company code165717011
  • SectorWater utilities
  • Line of businessUtilities: water and in the suburbs, municipal waste collection, management
  • Representing institutionKalvarija municipality
  • Share belonging to the Municipal100%
https://kalvkomunal.lt/
ROE

-7.0%

Number of employees

43

Financial data provided as at end-December 2022

Management

  • Rimas ŠvėgždaChief Executive Officer

Information as of: 4/30/2023