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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

New waste management system according to the European Union ecological standards in the Klaipeda region. Main project works: preparation of technical design and procurement documents, Klaipeda region landfill facility, household waste collection site facility, composting site facility, closure of old landfills, maintenance and assistance.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 8,827 9,056 10,380 10,632
Cost of goods sold 6,638 6,833 7,862 7,789
Gross profit (loss) 2,189 2,223 2,518 2,843
Gross profit margin 25% 25% 24% 27%
Operating expenses 1,901 1,920 2,304 2,621
Operating profit (loss) 287 302 214 222
Operating profit margin 3% 3% 2% 2%
EBITDA 755 848 769 801
EBITDA margin 9% 9% 7% 8%
Net profit (loss) 121 149 175 113
Net profit margin 1% 2% 2% 1%

* 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 24,823 25,233 27,670 28,485
Intangible assets 32
Tangible assets 24,651 25,169 27,632 28,419
Financial assets 3 30 3 3
Other non-current assets 169 33 35 31
Current assets 3,238 3,896 3,410 4,299
Inventories and prepaid expenses 303 251 225 198
Accounts receivable in one year 1,242 1,422 1,341 966
Other current assets
Cash and cash equivalents 1,693 2,223 1,845 3,135
Total assets 28,185 29,246 31,184 32,850
Equity 3,588 3,738 3,912 4,025
Grants and subsidies 17,497 18,814 19,451 20,064
Liabilities 3,991 3,802 4,935 5,816
Financial liabilities 2,789 2,493 3,182 3,819
Long-term liabilities 2,380 1,918 2,999 3,636
Short-term liabilities 1,611 1,884 1,936 2,180
Equity and liabilities 28,185 29,246 31,184 32,850

* 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) 0% 1% 1% 0%
Return on equity (ROE) 3% 4% 5% 3%
Return on capital employed (ROCE) 5% 5% 3% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10 0.09 0.10 0.12
Current Ratio 2.01 2.07 1.76 1.97
Quick ratio 1.82 1.94 1.65 1.88
Turnover ratios
Asset turnover 0.31 0.31 0.33 0.32
Fixed asset turnover 0.36 0.36 0.38 0.37
Equity turnover 2.46 2.42 2.65 2.64
Profitability ratios
EBITDA margin 9% 9% 7% 8%
Operating profit margin 3% 3% 2% 2%
Net profit margin 1% 2% 2% 1%
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

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*** 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 Klaipėdos regiono atliekų tvarkymo centras
  • Legal formPrivate limited liability company (UAB)
  • Company code163743744
  • SectorRegional waste management center
  • Line of businessWaste disposal services
  • Representing institutionKlaipėda city municipality
    ↑ Controlling (holding the largest share) institution

    Klaipėda district municipality
    Neringa municipality
    Šilutė district municipality
  • Share belonging to the Municipal90.6%
https://kratc.lt/lt/
ROE

2.8%

Number of employees

93

Financial data provided as at end-December 2022

Management

  • Roma BudrienėChief Executive Officer

Information as of: 4/30/2023