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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

2018 2019 2020 2021
Revenue 8,585 8,827 9,056 10,380
Cost of goods sold 6,329 6,638 6,833 7,862
Gross profit (loss) 2,256 2,189 2,223 2,518
Gross profit margin 26% 25% 25% 24%
Operating expenses 2,005 1,901 1,920 2,304
Operating profit (loss) 251 287 302 214
Operating profit margin 3% 3% 3% 2%
EBITDA 750 755 848 769
EBITDA margin 9% 9% 9% 7%
Net profit (loss) 119 121 149 175
Net profit margin 1% 1% 2% 2%

* Left axis

** Right axis

*** 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 24,266 24,823 25,233 27,670
Intangible assets 8
Tangible assets 23,935 24,651 25,169 27,632
Financial assets 3 3 30 3
Other non-current assets 320 169 33 35
Current assets 3,780 3,238 3,896 3,410
Inventories and prepaid expenses 371 303 251 225
Accounts receivable in one year 1,028 1,242 1,422 1,341
Other current assets
Cash and cash equivalents 2,382 1,693 2,223 1,845
Total assets 28,106 28,185 29,246 31,184
Equity 3,468 3,588 3,738 3,912
Grants and subsidies 18,113 17,497 18,814 19,451
Liabilities 6,521 7,097 6,686 7,819
Financial liabilities 2,301 2,789 2,493 3,182
Long-term liabilities 2,055 2,380 1,918 2,999
Short-term liabilities 1,179 1,611 1,884 1,936
Equity and liabilities 28,106 28,185 29,246 31,184

* 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) 0% 0% 1% 1%
Return on equity (ROE) 1% 1% 1% 1%
Return on capital employed (ROCE) 2% 2% 3% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.11 0.13 0.11 0.14
Current Ratio 3.21 2.01 2.07 1.76
Quick ratio 2.89 1.82 1.94 1.65
Turnover ratios
Asset turnover 0.30 0.31 0.32 0.34
Fixed asset turnover 0.35 0.36 0.36 0.39
Equity turnover 2.52 2.50 2.47 2.71
Profitability ratios
EBITDA margin 9% 9% 9% 7%
Operating profit margin 3% 3% 3% 2%
Net profit margin 1% 1% 2% 2%
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

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 Municipal98.5%
https://kratc.lt/lt/
ROE

0.8%

Number of employees

77

Financial data provided as at end-December 2021