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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 14,056 15,283 15,755 17,475
Cost of goods sold 12,350 12,367 12,762 13,446
Gross profit (loss) 1,706 2,916 2,993 4,029
Gross profit margin 12% 19% 19% 23%
Operating expenses 2,412 2,445 2,705 2,791
Operating profit (loss) -706 471 288 1,238
Operating profit margin -5% 3% 2% 7%
EBITDA 4,084 5,309 5,264 6,297
EBITDA margin 29% 35% 33% 36%
Net profit (loss) -360 917 820 1,626
Net profit margin -3% 6% 5% 9%

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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 126,461 131,523 140,865 144,615
Intangible assets 300 185 717 1,136
Tangible assets 125,290 130,466 139,356 142,680
Financial assets 773 773 0 0
Other non-current assets 98 99 791 798
Current assets 3,064 3,048 2,981 4,137
Inventories and prepaid expenses 221 167 253 228
Accounts receivable in one year 1,845 2,000 2,037 2,052
Other current assets 0 0 0 0
Cash and cash equivalents 998 880 692 1,857
Total assets 129,536 134,593 143,868 148,808
Equity 63,282 66,625 63,504 67,015
Grants and subsidies 58,917 60,144 66,661 68,190
Liabilities 7,337 7,824 13,703 13,511
Financial liabilities 4,230 4,230 4,408 5,505
Long-term liabilities 4,678 4,865 4,394 4,910
Short-term liabilities 2,659 2,959 4,618 3,978
Equity and liabilities 129,536 134,593 143,868 148,808

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 1% 1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.06 0.07 0.08
Current Ratio 0.00 1.03 0.65 1.04
Quick ratio 0.00 0.97 0.59 0.98
Turnover ratios
Asset turnover 0.00 0.12 0.11 0.12
Fixed asset turnover 0.00 0.12 0.12 0.12
Equity turnover 0.00 0.24 0.24 0.27
Profitability ratios
EBITDA margin 0% 35% 33% 36%
Operating profit margin 0% 3% 2% 7%
Net profit margin 0% 6% 5% 9%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 243.90
Dividends paid / net profit 0.00 0.00 0.00 0.15

* Left axis

** Right axis

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


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Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameAB „Klaipėdos vanduo“
  • Legal formPublic limited liability company (AB)
  • Company code140089260
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionKlaipėda city municipality
    ↑ Controlling (holding the largest share) institution

    Klaipėda district municipality
    Neringa municipality
  • Share belonging to the Municipal100%
https://www.vanduo.lt/
ROE

2.5%

Number of employees

352

Financial data provided as at end-December 2020