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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

2019 2020 2021 2022
Revenue 23,448 24,557 28,477 33,373
Cost of goods sold 18,794 19,266 22,601 27,850
Gross profit (loss) 4,654 5,291 5,876 5,523
Gross profit margin 20% 22% 21% 17%
Operating expenses 1,990 2,243 2,160 2,808
Operating profit (loss) 2,665 3,047 3,716 2,715
Operating profit margin 11% 12% 13% 8%
EBITDA 4,894 5,246 7,558 6,816
EBITDA margin 21% 21% 27% 20%
Net profit (loss) 2,315 2,550 3,132 2,268
Net profit margin 10% 10% 11% 7%

* 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

2019 2020 2021 2022
Non-current assets 16,496 20,376 20,499 21,802
Intangible assets 34 28 16 17
Tangible assets 14,300 18,105 18,235 19,308
Financial assets 2,102 2,178 2,178 2,385
Other non-current assets 60 65 70 92
Current assets 7,747 8,058 8,899 9,632
Inventories and prepaid expenses 482 1,057 1,041 1,106
Accounts receivable in one year 2,448 3,300 3,698 4,450
Other current assets
Cash and cash equivalents 4,818 3,702 4,160 4,077
Total assets 24,320 28,527 29,531 31,594
Equity 14,025 15,138 16,545 19,294
Grants and subsidies 4,680 3,899 3,146 2,329
Liabilities 5,390 9,261 9,624 9,693
Financial liabilities 2,056 5,831 5,529 4,764
Long-term liabilities 1,394 4,069 3,978 2,976
Short-term liabilities 3,996 5,192 5,646 6,717
Equity and liabilities 24,320 28,527 29,531 31,594

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 11% 10% 11% 7%
Return on equity (ROE) 17% 17% 20% 13%
Return on capital employed (ROCE) 17% 16% 18% 12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.20 0.19 0.15
Current Ratio 1.94 1.55 1.58 1.43
Quick ratio 1.82 1.35 1.39 1.27
Turnover ratios
Asset turnover 0.96 0.86 0.96 1.06
Fixed asset turnover 1.42 1.21 1.39 1.53
Equity turnover 1.67 1.62 1.72 1.73
Profitability ratios
EBITDA margin 21% 21% 27% 20%
Operating profit margin 11% 12% 13% 8%
Net profit margin 10% 10% 11% 7%
Other ratios
Dividends to the Municipality 1,400.00 2,000.00 2,000.00 2,500.00
Dividends paid / net profit 0.60 0.78 0.64 1.10

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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/
Return to the Municipality

2.5 EUR milion

ROE

12.7%

Number of employees

560

Financial data provided as at end-December 2022