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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

2019 2020 2021 2022
Revenue 73 55 60 71
Cost of goods sold 28 21 25 29
Gross profit (loss) 45 34 35 42
Gross profit margin 61% 62% 58% 59%
Operating expenses 39 30 41 51
Operating profit (loss) 5 4 -6 -9
Operating profit margin 7% 7% -10% -13%
EBITDA 7 6 -4 -8
EBITDA margin 10% 11% -7% -11%
Net profit (loss) 5 4 -6 -9
Net profit margin 6% 7% -10% -13%

Balance sheet

2019 2020 2021 2022
Non-current assets 13 11 10 9
Intangible assets
Tangible assets 13 11 10 9
Financial assets
Other non-current assets
Current assets 1 7 2 1
Inventories and prepaid expenses
Accounts receivable in one year 0 2 1 1
Other current assets
Cash and cash equivalents 0 5 1 1
Total assets 13 18 12 10
Equity 5 9 3 -7
Grants and subsidies
Liabilities 9 9 9 17
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 9 9 9 17
Equity and liabilities 13 18 12 10

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 31% 24% -41% -85%
Return on equity (ROE) 192% 56% -109% 438%
Return on capital employed (ROCE) 102% 47% -240% 137%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.08 0.76 0.17 0.08
Quick ratio 0.08 0.76 0.17 0.08
Turnover ratios
Asset turnover 5.41 3.12 5.16 7.08
Fixed asset turnover 5.72 5.20 6.04 8.23
Equity turnover 15.12 6.48 24.16 -10.57
Profitability ratios
EBITDA margin 10% 11% -7% -11%
Operating profit margin 7% 7% -10% -13%
Net profit margin 6% 7% -10% -13%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

Expectations of the municipal

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%
https://kretingosturgus.lt/
ROE

438.1%

Number of employees

5

Financial data provided as at end-December 2022

Management

  • Nerijus TertelisChief Executive Officer

Information as of: 4/30/2023