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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kelmės vanduo” was established on June 19, 1995. The main activities are water supply, sewage disposal and treatment.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 1,309 1,293 1,366 1,535
Cost of goods sold 1,022 991 1,114 1,471
Gross profit (loss) 287 303 252 63
Gross profit margin 22% 23% 18% 4%
Operating expenses 313 362
Operating profit (loss) -27 -59 -92 -341
Operating profit margin -2% -5% -7% -22%
EBITDA 190 193 147 -87
EBITDA margin 14% 15% 11% -6%
Net profit (loss) 6 8 -65 -317
Net profit margin 0% 1% -5% -21%

Balance sheet

2019 2020 2021 2022
Non-current assets 14,726 14,809 16,015 17,779
Intangible assets 1 1 0 10
Tangible assets 14,725 14,808 16,015 17,769
Financial assets
Other non-current assets
Current assets 466 681 599 453
Inventories and prepaid expenses 8 17 13 28
Accounts receivable in one year 162 188 215 257
Other current assets
Cash and cash equivalents 296 476 371 167
Total assets 15,197 15,496 16,617 18,234
Equity 6,544 6,660 7,101 6,955
Grants and subsidies 7,539 7,608 8,138 8,102
Liabilities 1,115 1,227 1,378 3,177
Financial liabilities 531 624 953 990
Long-term liabilities 489 580 895 909
Short-term liabilities 626 647 483 2,267
Equity and liabilities 15,197 15,496 16,617 18,234

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% 0% -0% -2%
Return on equity (ROE) 0% 0% -1% -5%
Return on capital employed (ROCE) -0% -1% -1% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.04 0.06 0.05
Current Ratio 0.75 1.05 1.24 0.20
Quick ratio 0.73 1.03 1.21 0.19
Turnover ratios
Asset turnover 0.09 0.08 0.08 0.08
Fixed asset turnover 0.09 0.09 0.09 0.09
Equity turnover 0.20 0.19 0.19 0.22
Profitability ratios
EBITDA margin 14% 15% 11% -6%
Operating profit margin -2% -5% -7% -22%
Net profit margin 0% 1% -5% -21%
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

Expectations of the municipal

About the company

  • Official nameUAB „Kelmės vanduo“
  • Legal formPrivate limited liability company (UAB)
  • Company code162559136
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionKelmė district municipality
  • Share belonging to the Municipal100%
https://kelmesvanduo.lt/
ROE

-4.5%

Number of employees

44

Financial data provided as at end-December 2022

Management

  • Mindaugas UžmiškisChief Executive Officer

Information as of: 4/30/2023