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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 919 986 1,194 1,418
Cost of goods sold 771 810 992 1,282
Gross profit (loss) 148 176 202 136
Gross profit margin 16% 18% 17% 10%
Operating expenses 183 214 234 277
Operating profit (loss) -35 -39 -32 -141
Operating profit margin -4% -4% -3% -10%
EBITDA 78 157 64 34
EBITDA margin 9% 16% 5% 2%
Net profit (loss) -15 20 -26 -90
Net profit margin -2% 2% -2% -6%

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* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2017 2018 2019 2020
Non-current assets 339 289 300 1,801
Intangible assets 0 14
Tangible assets 339 289 300 1,653
Financial assets 134
Other non-current assets
Current assets 484 585 589 626
Inventories and prepaid expenses 3 26 17 42
Accounts receivable in one year 203 246 344 269
Other current assets 15
Cash and cash equivalents 226 313 228 315
Total assets 829 880 896 2,438
Equity 490 510 484 1,997
Grants and subsidies 14
Liabilities 339 370 412 427
Financial liabilities 58 12 60
Long-term liabilities 12
Short-term liabilities 328 370 412 427
Equity and liabilities 829 880 896 2,438

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* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 2% -3% -5%
Return on equity (ROE) 4% -5% -7%
Return on capital employed (ROCE) 9% -10% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.03
Current Ratio 1.58 1.43 1.47
Quick ratio 1.51 1.39 1.37
Turnover ratios
Asset turnover 1.15 1.34 0.85
Fixed asset turnover 3.14 4.05 1.35
Equity turnover 1.97 2.40 1.14
Profitability ratios
EBITDA margin 16% 5% 2%
Operating profit margin -4% -3% -10%
Net profit margin 2% -2% -6%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

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


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Expectations of the municipal

Letter of Expectations

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

-7.3%

Number of employees

69

Financial data provided as at end-December 2019

Management

  • Dainius PopovasDirector General

Information as of: 2021/06/01