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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Kelmės vietinis ūkis was established on the 31th of December, 1997. The company’s main activities are administration of common use buildings, systems and roads maintenance and repair, operation of gravel and sand quarries, administration of multi-apartment building reconstruction program, waste management and ecology business, territory maintenance and cleaning services.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 986 1,194 1,418 1,367
Cost of goods sold 810 992 1,282 1,270
Gross profit (loss) 176 202 136 98
Gross profit margin 18% 17% 10% 7%
Operating expenses 214 234 277 289
Operating profit (loss) -39 -32 -141 -192
Operating profit margin -4% -3% -10% -14%
EBITDA 157 64 34 76
EBITDA margin 16% 5% 2% 6%
Net profit (loss) 20 -26 -90 -89
Net profit margin 2% -2% -6% -7%

Balance sheet

2018 2019 2020 2021
Non-current assets 289 300 1,801 1,763
Intangible assets 14 7
Tangible assets 289 300 1,653 1,756
Financial assets 134
Other non-current assets
Current assets 585 589 637 628
Inventories and prepaid expenses 26 17 42 40
Accounts receivable in one year 246 344 269 256
Other current assets 11 12
Cash and cash equivalents 313 228 315 320
Total assets 880 896 2,438 2,391
Equity 510 484 1,997 1,908
Grants and subsidies 14 7
Liabilities 370 412 427 476
Financial liabilities 12 60
Long-term liabilities
Short-term liabilities 370 412 427 476
Equity and liabilities 880 896 2,438 2,391

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% -3% -5% -4%
Return on equity (ROE) 4% -5% -7% -5%
Return on capital employed (ROCE) 9% -10% -9% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.03
Current Ratio 1.58 1.43 1.49 1.32
Quick ratio 1.51 1.39 1.39 1.24
Turnover ratios
Asset turnover 1.15 1.34 0.85 0.57
Fixed asset turnover 3.14 4.05 1.35 0.77
Equity turnover 1.97 2.40 1.14 0.70
Profitability ratios
EBITDA margin 16% 5% 2% 6%
Operating profit margin -4% -3% -10% -14%
Net profit margin 2% -2% -6% -7%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB Kelmės vietinis ūkis
  • Legal formPrivate limited liability company (UAB)
  • Company code162732556
  • SectorOther
  • Line of businessApartment management
  • Representing institutionKelmė district municipality
  • Share belonging to the Municipal100%
https://www.kvu.lt/
ROE

-4.6%

Number of employees

67

Financial data provided as at end-December 2021