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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

2019 2020 2021 2022
Revenue 2,102 2,106 2,517 2,428
Cost of goods sold 1,873 1,907 2,246 2,323
Gross profit (loss) 229 199 271 105
Gross profit margin 11% 9% 11% 4%
Operating expenses 187 192 203 235
Operating profit (loss) 42 7 68 -130
Operating profit margin 2% 0% 3% -5%
EBITDA 87 176 187 45
EBITDA margin 4% 8% 7% 2%
Net profit (loss) 16 2 0 -131
Net profit margin 1% 0% 0% -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 704 668 658 539
Intangible assets 3 0 5 7
Tangible assets 702 668 653 532
Financial assets
Other non-current assets
Current assets 729 661 785 654
Inventories and prepaid expenses 11 14 29 22
Accounts receivable in one year 638 572 634 465
Other current assets
Cash and cash equivalents 81 76 121 168
Total assets 1,440 1,334 1,442 1,193
Equity 754 802 761 627
Grants and subsidies 11 6 8 8
Liabilities 508 519 667 558
Financial liabilities 279 191 216 152
Long-term liabilities 191 131 152 89
Short-term liabilities 316 389 515 469
Equity and liabilities 1,440 1,334 1,442 1,193

* 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% 0% 0% -10%
Return on equity (ROE) 2% 0% 0% -19%
Return on capital employed (ROCE) 4% 1% 7% -18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.19 0.14 0.15 0.13
Current Ratio 2.30 1.70 1.52 1.40
Quick ratio 2.27 1.67 1.47 1.35
Turnover ratios
Asset turnover 1.46 1.58 1.74 2.03
Fixed asset turnover 2.98 3.15 3.83 4.51
Equity turnover 2.79 2.63 3.31 3.87
Profitability ratios
EBITDA margin 4% 8% 7% 2%
Operating profit margin 2% 0% 3% -5%
Net profit margin 1% 0% 0% -5%
Other ratios
Dividends to the Municipality 12.60 1.60 0.10 0.00
Dividends paid / net profit 0.80 0.89 1.00 0.00

* Left axis

** Right axis

*** 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 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

-18.9%

Number of employees

75

Financial data provided as at end-December 2022

Management

  • Paulius RuškusChief Executive Officer

Information as of: 4/30/2023