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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 2,001 2,102 2,106 2,517
Cost of goods sold 1,768 1,873 1,907 2,246
Gross profit (loss) 233 229 199 271
Gross profit margin 12% 11% 9% 11%
Operating expenses 205 187 192 203
Operating profit (loss) 28 42 7 68
Operating profit margin 1% 2% 0% 3%
EBITDA 141 87 176 187
EBITDA margin 7% 4% 8% 7%
Net profit (loss) -11 16 2 0
Net profit margin -1% 1% 0% 0%

* 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 543 704 668 658
Intangible assets 7 3 0 5
Tangible assets 536 702 668 653
Financial assets
Other non-current assets
Current assets 694 729 661 785
Inventories and prepaid expenses 9 11 14 29
Accounts receivable in one year 581 638 572 634
Other current assets
Cash and cash equivalents 104 81 76 121
Total assets 1,242 1,440 1,334 1,442
Equity 667 754 802 761
Grants and subsidies 30 11 6 8
Liabilities 376 514 526 674
Financial liabilities 149 279 191 216
Long-term liabilities 149 191 131 152
Short-term liabilities 220 316 389 515
Equity and liabilities 1,242 1,440 1,334 1,442

* 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) -1% 1% 0% 0%
Return on equity (ROE) -2% 2% 0% 0%
Return on capital employed (ROCE) 1% 7% 3% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.22 0.37 0.24 0.28
Current Ratio 3.16 2.30 1.70 1.52
Quick ratio 3.12 2.27 1.67 1.47
Turnover ratios
Asset turnover 1.62 1.57 1.52 1.81
Fixed asset turnover 3.52 3.37 3.07 3.80
Equity turnover 3.06 2.96 2.71 3.22
Profitability ratios
EBITDA margin 7% 4% 8% 7%
Operating profit margin 1% 2% 0% 3%
Net profit margin -1% 1% 0% 0%
Other ratios
Dividends to the Municipality 12.60 1.60 0.10
Dividends paid / net profit 0.80 0.89 1.00

* Left axis

** Right axis

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://kretkom.lt/
ROE

0.0%

Number of employees

75

Financial data provided as at end-December 2021