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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kauno vandenys” was registered as a special purpose company on July 27, 1995 and became the successor of the former Kaunas State Water Supply Company. On June 19, 2003 the name of the company was changed to UAB “Kauno vandenys”. The main activity of the company is drinking water supply and wastewater treatment.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 24,579 25,084 24,957 24,772
Cost of goods sold 19,831 23,114 22,920 28,293
Gross profit (loss) 4,748 1,970 2,037 -3,521
Gross profit margin 19% 8% 8% -14%
Operating expenses 2,983 976 1,057 1,221
Operating profit (loss) 1,765 995 980 -4,742
Operating profit margin 7% 4% 4% -19%
EBITDA 9,110 8,915 8,112 2,665
EBITDA margin 37% 36% 33% 11%
Net profit (loss) 1,697 1,488 538 -4,040
Net profit margin 7% 6% 2% -16%

* Left axis

** Right axis

*** 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 172,762 177,383 188,878 208,815
Intangible assets 239 163 110 122
Tangible assets 172,523 177,145 188,693 208,318
Financial assets 76 75 75
Other non-current assets 0 300
Current assets 5,494 9,863 8,562 10,782
Inventories and prepaid expenses 133 167 242 388
Accounts receivable in one year 3,313 3,352 3,201 2,988
Other current assets 0 0
Cash and cash equivalents 2,047 6,344 5,119 7,406
Total assets 178,674 187,635 197,845 219,978
Equity 117,047 118,535 116,873 112,833
Grants and subsidies 55,094 55,009 57,349 58,230
Liabilities 5,515 13,290 23,011 48,712
Financial liabilities 0 8,621 15,462 37,886
Long-term liabilities 272 8,380 15,899 38,082
Short-term liabilities 5,243 4,910 7,112 10,630
Equity and liabilities 178,674 187,635 197,845 219,978

* 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) 1% 1% 0% -2%
Return on equity (ROE) 1% 1% 0% -4%
Return on capital employed (ROCE) 2% 1% 1% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.05 0.08 0.17
Current Ratio 1.05 2.01 1.20 1.01
Quick ratio 1.02 1.97 1.17 0.98
Turnover ratios
Asset turnover 0.14 0.13 0.13 0.11
Fixed asset turnover 0.14 0.14 0.13 0.12
Equity turnover 0.21 0.21 0.21 0.22
Profitability ratios
EBITDA margin 37% 36% 33% 11%
Operating profit margin 7% 4% 4% -19%
Net profit margin 7% 6% 2% -16%
Other ratios
Dividends to the Municipality 0.00 2,200.00 0.00 0.00
Dividends paid / net profit 0.00 1.48 0.00 0.00

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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 vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code132751369
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionKaunas city municipality
  • Share belonging to the Municipal100%
https://kaunovandenys.lt/
ROE

-3.5%

Number of employees

352

Financial data provided as at end-December 2022