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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB “Klaipedos vanduo” was registered on April 12, 1995. The main activity is the provision of drinking water supply and wastewater treatment services to Klaipeda city and district residents and companies.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 15,755 17,517 17,615 19,477
Cost of goods sold 12,762 13,457 14,043 17,547
Gross profit (loss) 2,993 4,060 3,572 1,930
Gross profit margin 19% 23% 20% 10%
Operating expenses 1,447 1,621 1,549 2,759
Operating profit (loss) 288 1,182 840 -1,647
Operating profit margin 2% 7% 5% -8%
EBITDA 5,264 6,222 6,017 4,043
EBITDA margin 33% 36% 34% 21%
Net profit (loss) 820 1,509 1,160 -960
Net profit margin 5% 9% 7% -5%

* 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 140,865 144,127 141,030 153,042
Intangible assets 717 620 711 696
Tangible assets 139,356 142,680 139,599 151,601
Financial assets 0 0 0 48
Other non-current assets 791 826 721 698
Current assets 2,981 4,137 5,987 4,192
Inventories and prepaid expenses 253 228 201 312
Accounts receivable in one year 2,037 2,052 2,200 2,510
Other current assets
Cash and cash equivalents 692 1,857 3,585 1,370
Total assets 143,868 148,319 147,070 157,396
Equity 63,504 68,338 69,255 79,925
Grants and subsidies 66,661 68,066 66,340 64,299
Liabilities 9,011 8,888 8,450 10,426
Financial liabilities 4,408 5,505 4,627 6,749
Long-term liabilities 4,394 4,910 3,959 5,271
Short-term liabilities 4,618 3,978 4,491 5,155
Equity and liabilities 143,868 148,319 147,070 157,396

* 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) 1% 1% 1% -1%
Return on equity (ROE) 1% 2% 2% -1%
Return on capital employed (ROCE) 0% 2% 1% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.04 0.03 0.04
Current Ratio 0.65 1.04 1.33 0.81
Quick ratio 0.59 0.98 1.29 0.75
Turnover ratios
Asset turnover 0.11 0.12 0.12 0.12
Fixed asset turnover 0.11 0.12 0.12 0.13
Equity turnover 0.25 0.26 0.25 0.24
Profitability ratios
EBITDA margin 33% 36% 34% 21%
Operating profit margin 2% 7% 5% -8%
Net profit margin 5% 9% 7% -5%
Other ratios
Dividends to the Municipality 0.00 243.90 290.00 0.00
Dividends paid / net profit 0.00 0.16 0.25 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 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 Municipal86.41%
https://vanduo.lt/
ROE

-1.3%

Number of employees

345

Financial data provided as at end-December 2022

Management

  • Benitas JonikasChief Executive Officer

Information as of: 4/30/2023