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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 2,213 2,446 2,494 2,629
Cost of goods sold 1,440 1,648 1,630 1,777
Gross profit (loss) 773 798 864 852
Gross profit margin 35% 33% 35% 32%
Operating expenses 671 773 795 965
Operating profit (loss) 101 25 69 -114
Operating profit margin 5% 1% 3% -4%
EBITDA 453 327 398 246
EBITDA margin 20% 13% 16% 9%
Net profit (loss) 196 63 73 -119
Net profit margin 9% 3% 3% -5%

Balance sheet

2018 2019 2020 2021
Non-current assets 31,562 31,542 32,623 32,315
Intangible assets 24 15 22 14
Tangible assets 31,510 31,500 32,588 32,287
Financial assets
Other non-current assets 29 27 14 14
Current assets 1,045 952 748 688
Inventories and prepaid expenses 15 20 16 34
Accounts receivable in one year 440 424 666 527
Other current assets
Cash and cash equivalents 590 508 66 127
Total assets 32,614 32,501 33,381 33,057
Equity 5,888 5,951 6,024 5,939
Grants and subsidies 25,734 25,327 25,562 25,027
Liabilities 988 1,221 1,776 2,069
Financial liabilities 451 566 1,114 1,410
Long-term liabilities 397 514 1,035 1,201
Short-term liabilities 484 617 741 868
Equity and liabilities 32,614 32,501 33,381 33,057

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 0% 0% -0%
Return on equity (ROE) 4% 1% 1% -2%
Return on capital employed (ROCE) 1% 0% 1% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.10 0.18 0.24
Current Ratio 2.16 1.54 1.01 0.79
Quick ratio 2.13 1.51 0.99 0.75
Turnover ratios
Asset turnover 0.07 0.08 0.08 0.08
Fixed asset turnover 0.07 0.08 0.08 0.08
Equity turnover 0.41 0.41 0.42 0.44
Profitability ratios
EBITDA margin 20% 13% 16% 9%
Operating profit margin 5% 1% 3% -4%
Net profit margin 9% 3% 3% -5%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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

-2.0%

Number of employees

63

Financial data provided as at end-December 2021