Kretingos vandenys
UAB “Kretingos vandenys” was registered on November 21, 1991 as a state enterprise, on December 12, 1995 transformed into a special purpose private limited company. Main activities – water extraction, treatment and distribution and wastewater removal and treatment, installation of cold and hot water meters, replacement, sealing, wastewater laboratory testing, water and wastewater network design works, repair of public water supply networks in multi-apartment residential buildings, and new water and construction of sewage networks. Other activities – rental of buildings to communications companies, transfer of long-term tangible assets and other.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 2,446 | 2,494 | 2,629 | 2,629 |
| Cost of goods sold | 1,648 | 1,630 | 1,777 | 2,134 |
| Gross profit (loss) | 798 | 864 | 852 | 495 |
| Gross profit margin | 33% | 35% | 32% | 19% |
| Operating expenses | 554 | 569 | 711 | 764 |
| Operating profit (loss) | 25 | 69 | -114 | -509 |
| Operating profit margin | 1% | 3% | -4% | -19% |
| EBITDA | 327 | 398 | 245 | -120 |
| EBITDA margin | 13% | 16% | 9% | -5% |
| Net profit (loss) | 63 | 73 | -119 | -512 |
| Net profit margin | 3% | 3% | -5% | -19% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 31,542 | 32,623 | 32,315 | 33,226 |
| Intangible assets | 15 | 22 | 14 | 9 |
| Tangible assets | 31,500 | 32,588 | 32,287 | 33,204 |
| Financial assets | 0 | 0 | ||
| Other non-current assets | 27 | 14 | 14 | 14 |
| Current assets | 952 | 748 | 688 | 534 |
| Inventories and prepaid expenses | 20 | 16 | 34 | 20 |
| Accounts receivable in one year | 424 | 666 | 527 | 326 |
| Other current assets | 0 | 0 | ||
| Cash and cash equivalents | 508 | 66 | 127 | 189 |
| Total assets | 32,501 | 33,381 | 33,057 | 33,813 |
| Equity | 5,951 | 6,024 | 5,939 | 5,627 |
| Grants and subsidies | 25,327 | 25,562 | 25,027 | 24,543 |
| Liabilities | 1,131 | 1,776 | 2,069 | 3,621 |
| Financial liabilities | 566 | 1,114 | 1,410 | 2,554 |
| Long-term liabilities | 514 | 1,035 | 1,201 | 2,247 |
| Short-term liabilities | 617 | 741 | 868 | 1,375 |
| Equity and liabilities | 32,501 | 33,381 | 33,057 | 33,813 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | -0% | -2% |
| Return on equity (ROE) | 1% | 1% | -2% | -9% |
| Return on capital employed (ROCE) | 0% | 1% | -2% | -6% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.03 | 0.04 | 0.08 |
| Current Ratio | 1.54 | 1.01 | 0.79 | 0.39 |
| Quick ratio | 1.51 | 0.99 | 0.75 | 0.37 |
| Turnover ratios | ||||
| Asset turnover | 0.08 | 0.07 | 0.08 | 0.08 |
| Fixed asset turnover | 0.08 | 0.08 | 0.08 | 0.08 |
| Equity turnover | 0.41 | 0.41 | 0.44 | 0.47 |
| Profitability ratios | ||||
| EBITDA margin | 13% | 16% | 9% | -5% |
| Operating profit margin | 1% | 3% | -4% | -19% |
| Net profit margin | 3% | 3% | -5% | -19% |
| 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 |
Financial statments
Expectations of the municipal
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%
ROE
-8.9%
Number of employees
63
Financial data provided as at end-December 2022
Management
- Eglė AlonderienėChief Executive Officer
Information as of: 4/30/2023
