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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ „Švara“ was registered in 1991 and in 2000 was reorganized into UAB „Kauno švara“. The main activity of the company is the collection, pressing and transportation of municipal, construction, green, industrial, bulky, hazardous waste. Collection and sorting of secondary raw materials, management of packaging and packaging waste, issuance of certificates. Also environmental care – cleaning and maintenance of city streets and territories.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 21,406 23,448 24,557 28,477
Cost of goods sold 16,307 18,794 19,266 22,620
Gross profit (loss) 5,099 4,654 5,291 5,857
Gross profit margin 24% 20% 22% 21%
Operating expenses 2,159 1,990 2,243 2,264
Operating profit (loss) 2,940 2,665 3,047 3,593
Operating profit margin 14% 11% 12% 13%
EBITDA 4,629 4,894 5,246 6,691
EBITDA margin 22% 21% 21% 23%
Net profit (loss) 2,539 2,315 2,550 2,989
Net profit margin 12% 10% 10% 10%

* Left axis

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*** 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 11,397 16,496 20,376 20,036
Intangible assets 31 34 28 16
Tangible assets 8,955 14,300 18,105 17,793
Financial assets 2,108 2,102 2,178 2,178
Other non-current assets 303 60 65 50
Current assets 8,201 7,747 8,058 8,899
Inventories and prepaid expenses 965 482 1,057 1,041
Accounts receivable in one year 3,618 2,448 3,300 3,699
Other current assets
Cash and cash equivalents 3,617 4,818 3,702 4,160
Total assets 19,644 24,320 28,527 29,069
Equity 12,578 14,025 15,138 16,127
Grants and subsidies 2,078 4,680 3,899 3,102
Liabilities 4,988 5,615 9,490 9,840
Financial liabilities 1,578 2,056 5,831 5,529
Long-term liabilities 1,110 1,394 4,069 3,978
Short-term liabilities 3,647 3,996 5,192 5,646
Equity and liabilities 19,645 24,320 28,527 29,069

* 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) 13% 11% 10% 10%
Return on equity (ROE) 21% 17% 17% 19%
Return on capital employed (ROCE) 37% 27% 26% 31%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.13 0.15 0.39 0.34
Current Ratio 2.25 1.94 1.55 1.58
Quick ratio 1.98 1.82 1.35 1.39
Turnover ratios
Asset turnover 1.12 1.07 0.93 0.99
Fixed asset turnover 1.88 1.68 1.33 1.41
Equity turnover 1.78 1.76 1.68 1.82
Profitability ratios
EBITDA margin 22% 21% 21% 23%
Operating profit margin 14% 11% 12% 13%
Net profit margin 12% 10% 10% 10%
Other ratios
Dividends to the Municipality 1,000.00 1,400.00 2,000.00 2,000.00
Dividends paid / net profit 0.39 0.60 0.78 0.67

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*** 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 „Kauno švara“
  • Legal formPrivate limited liability company (UAB)
  • Company code132616649
  • SectorOther
  • Line of businessWaste disposal services
  • Representing institutionKaunas city municipality
  • Share belonging to the Municipal100%
https://svara.lt/
ROE

19.1%

Number of employees

538

Financial data provided as at end-December 2021