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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kėdainių butai” was founded in 17th of January 1991. Company performs an administration of common spaces of apartment buildings, disinfection, roof installation for buildings, exploitation, finishing works, financial of heating systems, as well as provided financial accounting services.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 479 498 520 538
Cost of goods sold 310 358 408 409
Gross profit (loss) 170 140 112 129
Gross profit margin 35% 28% 22% 24%
Operating expenses 148 174 153 146
Operating profit (loss) 22 -34 -40 -16
Operating profit margin 5% -7% -8% -3%
EBITDA 29 13 10 -9
EBITDA margin 6% 3% 2% -2%
Net profit (loss) 15 2 2 -16
Net profit margin 3% 0% 0% -3%

* 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 48 42 33 25
Intangible assets 0 0
Tangible assets 48 42 33 25
Financial assets
Other non-current assets
Current assets 721 749 725 801
Inventories and prepaid expenses 13 17 13 11
Accounts receivable in one year 488 486 498 507
Other current assets
Cash and cash equivalents 220 246 213 284
Total assets 769 791 758 826
Equity 252 254 255 239
Grants and subsidies
Liabilities 517 537 503 587
Financial liabilities 0 0 0 0
Long-term liabilities 140 103 54 47
Short-term liabilities 376 434 448 540
Equity and liabilities 769 791 758 826

* 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) 2% 0% 0% -2%
Return on equity (ROE) 6% 1% 1% -7%
Return on capital employed (ROCE) 6% -9% -13% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.92 1.72 1.62 1.48
Quick ratio 1.88 1.69 1.59 1.46
Turnover ratios
Asset turnover 0.62 0.63 0.69 0.65
Fixed asset turnover 10.03 11.90 15.90 21.59
Equity turnover 1.90 1.96 2.04 2.25
Profitability ratios
EBITDA margin 6% 3% 2% -2%
Operating profit margin 5% -7% -8% -3%
Net profit margin 3% 0% 0% -3%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Kėdainių butai“
  • Legal formPrivate limited liability company (UAB)
  • Company code161130867
  • SectorOther
  • Line of businessApartment management
  • Representing institutionKėdainiai district municipality
  • Share belonging to the Municipal100%
https://kedainiubutai.lt/
ROE

-6.6%

Number of employees

27

Financial data provided as at end-December 2022

Management

  • Almantas GurklysChief Executive Officer

Information as of: 2023/04/30