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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

2018 2019 2020 2021
Revenue 24,364 24,579 25,084 24,957
Cost of goods sold 20,407 19,831 23,114 22,920
Gross profit (loss) 3,957 4,748 1,970 2,037
Gross profit margin 16% 19% 8% 8%
Operating expenses 2,548 2,983 976 1,057
Operating profit (loss) 1,409 1,765 995 980
Operating profit margin 6% 7% 4% 4%
EBITDA 8,930 9,110 8,915 8,112
EBITDA margin 37% 37% 36% 33%
Net profit (loss) 1,688 1,697 1,488 538
Net profit margin 7% 7% 6% 2%

* Left axis

** Right axis

*** 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 165,167 172,762 177,383 188,878
Intangible assets 362 239 163 110
Tangible assets 164,805 172,523 177,145 188,693
Financial assets 76 76
Other non-current assets
Current assets 11,947 5,494 9,863 8,563
Inventories and prepaid expenses 176 133 167 242
Accounts receivable in one year 3,563 3,313 3,352 3,201
Other current assets
Cash and cash equivalents 8,208 2,047 6,344 5,119
Total assets 177,553 178,674 187,635 197,845
Equity 117,650 117,047 118,535 116,873
Grants and subsidies 54,090 55,094 55,009 57,349
Liabilities 5,803 6,521 14,077 23,601
Financial liabilities 8,621 15,463
Long-term liabilities 824 272 8,380 15,900
Short-term liabilities 3,981 5,243 4,910 7,112
Equity and liabilities 177,553 178,674 187,635 197,845

* 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) 1% 1% 1% 0%
Return on equity (ROE) 1% 1% 1% 0%
Return on capital employed (ROCE) 2% 2% 2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.13
Current Ratio 3.00 1.05 2.01 1.20
Quick ratio 2.96 1.02 1.97 1.17
Turnover ratios
Asset turnover 0.14 0.14 0.14 0.13
Fixed asset turnover 0.15 0.15 0.14 0.14
Equity turnover 0.21 0.21 0.21 0.21
Profitability ratios
EBITDA margin 37% 37% 36% 33%
Operating profit margin 6% 7% 4% 4%
Net profit margin 7% 7% 6% 2%
Other ratios
Dividends to the Municipality 2,300.00 2,200.00
Dividends paid / net profit 1.36 1.48

* Left axis

** Right axis

*** 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

0.5%

Number of employees

362

Financial data provided as at end-December 2021