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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

2018 2019 2020 2021
Revenue 1,144 1,309 1,293 1,366
Cost of goods sold 957 1,022 991 1,114
Gross profit (loss) 187 287 303 252
Gross profit margin 16% 22% 23% 18%
Operating expenses 301 313 362 343
Operating profit (loss) -114 -27 -59 -92
Operating profit margin -10% -2% -5% -7%
EBITDA 94 190 193 151
EBITDA margin 8% 14% 15% 11%
Net profit (loss) -80 6 8 -65
Net profit margin -7% 0% 1% -5%

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*** 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 13,841 14,726 14,809 16,015
Intangible assets 1 1 1 0
Tangible assets 13,840 14,725 14,808 16,015
Financial assets
Other non-current assets
Current assets 434 466 681 599
Inventories and prepaid expenses 9 8 17 13
Accounts receivable in one year 195 162 188 215
Other current assets
Cash and cash equivalents 230 296 476 371
Total assets 14,278 15,197 15,496 16,617
Equity 6,390 6,544 6,660 7,101
Grants and subsidies 7,324 7,539 7,608 8,138
Liabilities 565 1,115 1,227 1,378
Financial liabilities 198 531 624 953
Long-term liabilities 166 489 580 895
Short-term liabilities 399 626 647 483
Equity and liabilities 14,278 15,197 15,496 16,617

* 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% 0% 0% -0%
Return on equity (ROE) -1% 0% 0% -1%
Return on capital employed (ROCE) -1% 0% 0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.08 0.09 0.13
Current Ratio 1.09 0.75 1.05 1.24
Quick ratio 1.06 0.73 1.03 1.21
Turnover ratios
Asset turnover 0.08 0.09 0.08 0.09
Fixed asset turnover 0.08 0.09 0.09 0.09
Equity turnover 0.18 0.20 0.20 0.20
Profitability ratios
EBITDA margin 8% 14% 15% 11%
Operating profit margin -10% -2% -5% -7%
Net profit margin -7% 0% 1% -5%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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 „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

-0.9%

Number of employees

47

Financial data provided as at end-December 2021