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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

On March 28, 1991, UAB Kauno gatvių apšvietimas was reorganized from the Kaunas municipal company Miesto gatvių apšvietimo elektros tinklai. The company’s main activity is the provision of lighting services for the city’s streets and other objects (including maintenance and repair of electrical networks), maintenance of traffic lights, installation of new lighting equipment and traffic lights, installation and maintenance of road signs, speed measurement systems, and maintenance of greenery.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 7,321 6,209 6,697 6,183
Cost of goods sold 5,475 4,882 4,939 4,855
Gross profit (loss) 1,846 1,327 1,759 1,329
Gross profit margin 25% 21% 26% 21%
Operating expenses 427 444 468 428
Operating profit (loss) 1,419 883 1,291 901
Operating profit margin 19% 14% 19% 15%
EBITDA 1,613 1,136 1,604 1,286
EBITDA margin 22% 18% 24% 21%
Net profit (loss) 1,224 778 1,099 822
Net profit margin 17% 13% 16% 13%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,030 1,322 1,470 1,274
Intangible assets
Tangible assets 1,030 1,322 1,470 1,274
Financial assets
Other non-current assets
Current assets 2,254 1,810 1,922 2,142
Inventories and prepaid expenses 491 253 281 524
Accounts receivable in one year 43 95 38 63
Other current assets
Cash and cash equivalents 1,720 1,463 1,603 1,555
Total assets 3,325 3,161 3,422 3,449
Equity 3,074 3,002 3,116 3,138
Grants and subsidies 66 58
Liabilities 249 157 239 250
Financial liabilities
Long-term liabilities
Short-term liabilities 249 157 239 250
Equity and liabilities 3,325 3,161 3,422 3,449

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 40% 24% 33% 24%
Return on equity (ROE) 44% 26% 36% 26%
Return on capital employed (ROCE) 95% 61% 83% 59%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 9.05 11.55 8.05 8.56
Quick ratio 7.08 9.94 6.87 6.46
Turnover ratios
Asset turnover 2.37 1.91 2.03 1.80
Fixed asset turnover 7.56 5.28 4.80 4.51
Equity turnover 2.63 2.04 2.19 1.98
Profitability ratios
EBITDA margin 22% 18% 24% 21%
Operating profit margin 19% 14% 19% 15%
Net profit margin 17% 13% 16% 13%
Other ratios
Dividends to the Municipality 985.00 800.00 1,000.00
Dividends paid / net profit 1.27 0.73 1.22

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Kauno gatvių apšvietimas“
  • Legal formPrivate limited liability company (UAB)
  • Company code132684155
  • SectorOther
  • Line of businessLighting maintenance
  • Representing institutionKaunas city municipality
  • Share belonging to the Municipal100%
http://www.kaunogatviuapsvietimas.lt/
ROE

26.3%

Number of employees

126

Financial data provided as at end-December 2021