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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,011 2,213 2,446 2,494
Cost of goods sold 1,393 1,440 1,648 1,630
Gross profit (loss) 618 773 798 864
Gross profit margin 31% 35% 33% 35%
Operating expenses 576 671 773 795
Operating profit (loss) 42 101 25 69
Operating profit margin 2% 5% 1% 3%
EBITDA 268 453 327 398
EBITDA margin 13% 20% 13% 16%
Net profit (loss) 51 196 63 73
Net profit margin 3% 9% 3% 3%

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Balance sheet

2017 2018 2019 2020
Non-current assets 30,807 31,562 31,542 32,607
Intangible assets 33 24 15 22
Tangible assets 30,764 31,510 31,500 32,572
Financial assets
Other non-current assets 10 29 27 14
Current assets 626 1,045 952 748
Inventories and prepaid expenses 18 15 20 16
Accounts receivable in one year 351 440 424 666
Other current assets
Cash and cash equivalents 257 590 508 66
Total assets 31,443 32,614 32,501 33,365
Equity 4,811 5,888 5,951 6,024
Grants and subsidies 26,012 25,734 25,327 25,562
Liabilities 618 988 1,221 1,776
Financial liabilities 286 451 566 1,114
Long-term liabilities 226 397 514 1,035
Short-term liabilities 393 484 617 741
Equity and liabilities 31,443 32,614 32,501 33,365

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 1% 0% 0%
Return on equity (ROE) 4% 1% 1%
Return on capital employed (ROCE) 1% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.10 0.18
Current Ratio 2.16 1.54 1.01
Quick ratio 2.13 1.51 0.99
Turnover ratios
Asset turnover 0.07 0.08 0.08
Fixed asset turnover 0.07 0.08 0.08
Equity turnover 0.41 0.41 0.42
Profitability ratios
EBITDA margin 20% 13% 16%
Operating profit margin 5% 1% 3%
Net profit margin 9% 3% 3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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About the company

  • Official nameUAB „Kretingos vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code163994426
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionKretinga district municipality
  • Share belonging to the Municipal100%
http://www.kretingosvandenys.lt/
ROE

1.2%

Number of employees

66

Financial data provided as at end-December 2019

Management

  • Tomas JurgutisDirector General

Information as of: 2021/06/01