Kretingos komunalininkas
SĮ Kretingos komunalininkas was established on the 27th of April, 2006, after reorganization of UAB Kretingos komunalininkas. The company main activities are administration of local tolls, waste disposal, equipment rental, environmental maintenance, maintenance and repair of city streets and sidewalks, cleaning and management of public area, maintenance of bridges and water reservoirs, administration of Kretingos municipality -multi-apartment building reconstruction program.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,106 | 2,517 | 2,428 | 2,823 |
| Cost of goods sold | 1,907 | 2,246 | 2,323 | 2,597 |
| Gross profit (loss) | 199 | 271 | 105 | 226 |
| Gross profit margin | 9% | 11% | 4% | 8% |
| Operating expenses | 192 | 203 | 235 | 230 |
| Operating profit (loss) | 7 | 68 | -130 | -4 |
| Operating profit margin | 0% | 3% | -5% | -0% |
| EBITDA | 176 | 187 | 45 | 198 |
| EBITDA margin | 8% | 7% | 2% | 7% |
| Net profit (loss) | 2 | 0 | -131 | 6 |
| Net profit margin | 0% | 0% | -5% | 0% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 668 | 658 | 539 | 680 |
| Intangible assets | 0 | 5 | 7 | 12 |
| Tangible assets | 668 | 653 | 532 | 668 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 661 | 785 | 654 | 651 |
| Inventories and prepaid expenses | 14 | 29 | 22 | 21 |
| Accounts receivable in one year | 572 | 634 | 465 | 557 |
| Other current assets | ||||
| Cash and cash equivalents | 76 | 121 | 168 | 73 |
| Total assets | 1,334 | 1,442 | 1,193 | 1,332 |
| Equity | 802 | 761 | 627 | 633 |
| Grants and subsidies | 6 | 8 | 8 | 5 |
| Liabilities | 519 | 667 | 558 | 693 |
| Financial liabilities | 191 | 216 | 152 | 176 |
| Long-term liabilities | 131 | 152 | 89 | 74 |
| Short-term liabilities | 389 | 515 | 469 | 619 |
| Equity and liabilities | 1,334 | 1,442 | 1,193 | 1,332 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | -10% | 0% |
| Return on equity (ROE) | 0% | 0% | -19% | 1% |
| Return on capital employed (ROCE) | 1% | 7% | -18% | -1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.14 | 0.15 | 0.13 | 0.13 |
| Current Ratio | 1.70 | 1.52 | 1.40 | 1.05 |
| Quick ratio | 1.67 | 1.47 | 1.35 | 1.02 |
| Turnover ratios | ||||
| Asset turnover | 1.58 | 1.74 | 2.03 | 2.12 |
| Fixed asset turnover | 3.15 | 3.83 | 4.51 | 4.15 |
| Equity turnover | 2.63 | 3.31 | 3.87 | 4.46 |
| Profitability ratios | ||||
| EBITDA margin | 8% | 7% | 2% | 7% |
| Operating profit margin | 0% | 3% | -5% | -0% |
| Net profit margin | 0% | 0% | -5% | 0% |
| Other ratios | ||||
| Dividends to the Municipality | 1.60 | 0.10 | 0.00 | 1.60 |
| Dividends paid / net profit | 0.89 | 1.00 | 0.00 | 0.26 |
Financial statments
Expectations of the municipal
About the company
- Official nameSĮ „Kretingos komunalininkas“
- Legal formMunicipality enterprise (SĮ)
- Company code163934977
- SectorOther
- Line of businessUtilities
- Representing institutionKretinga district municipality
- Share belonging to the Municipal100%
Return to the Municipality
2 EUR thousand
ROE
1.0%
Number of employees
74
Financial data provided as at end-December 2023
Management
- Paulius RuškusChief Executive Officer
Information as of: 2024/04/30
