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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kretingos turgus” was registered on February 1, 2006. The main activity is the operation of the marketplace, the leasing of real estate ownership or other legal form.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 72 73 55 60
Cost of goods sold 29 28 21 25
Gross profit (loss) 43 45 34 35
Gross profit margin 60% 61% 62% 58%
Operating expenses 40 40 30 41
Operating profit (loss) 3 5 4 -6
Operating profit margin 4% 7% 7% -10%
EBITDA 6 7 6 -4
EBITDA margin 8% 10% 11% -7%
Net profit (loss) 3 5 4 -6
Net profit margin 4% 6% 7% -10%

Balance sheet

2018 2019 2020 2021
Non-current assets 15 13 11 10
Intangible assets
Tangible assets 15 13 11 10
Financial assets
Other non-current assets
Current assets 2 1 7 2
Inventories and prepaid expenses
Accounts receivable in one year 0 0 2 1
Other current assets
Cash and cash equivalents 1 0 5 1
Total assets 17 13 18 12
Equity 0 5 9 2
Grants and subsidies
Liabilities 17 9 9 9
Financial liabilities
Long-term liabilities
Short-term liabilities 17 9 9 9
Equity and liabilities 17 13 18 12

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 15% 31% 24% -40%
Return on equity (ROE) -212% 192% 56% -108%
Return on capital employed (ROCE) 6393% 203% 94% -492%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 0.09 0.08 0.76 0.17
Quick ratio 0.09 0.08 0.76 0.17
Turnover ratios
Asset turnover 4.08 4.81 3.54 4.12
Fixed asset turnover 4.36 5.21 4.73 5.88
Equity turnover -59.71 29.69 8.29 11.06
Profitability ratios
EBITDA margin 8% 10% 11% -7%
Operating profit margin 4% 7% 7% -10%
Net profit margin 4% 6% 7% -10%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

About the company

  • Official nameUAB „Kretingos turgus“
  • Legal formPrivate limited liability company (UAB)
  • Company code300531865
  • SectorOther
  • Line of businessMarketplace administration
  • Representing institutionKretinga district municipality
  • Share belonging to the Municipal100%
http://www.kretingosturgus.lt/
ROE

-108.3%

Number of employees

5

Financial data provided as at end-December 2021