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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

The company was registered on November 19, 1990 as UAB Kupiškio butų ūkis. On October 28, 2008 the final name of UAB Kupiškio vandenys was approved. The main activity is drinking water supply and wastewater treatment in the territory of Kupiškis district municipality.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 795 985 1,000 1,056
Cost of goods sold 687 738 781 977
Gross profit (loss) 107 248 219 79
Gross profit margin 14% 25% 22% 7%
Operating expenses 149 148 152 166
Operating profit (loss) -41 99 67 -87
Operating profit margin -5% 10% 7% -8%
EBITDA 118 264 403 265
EBITDA margin 15% 27% 40% 25%
Net profit (loss) -41 93 27 -137
Net profit margin -5% 9% 3% -13%

* Left axis

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 10,111 10,101 11,251 11,034
Intangible assets 0 7 6 6
Tangible assets 10,111 10,094 11,245 11,029
Financial assets 0 0
Other non-current assets 0 0
Current assets 254 446 466 566
Inventories and prepaid expenses 45 53 59 103
Accounts receivable in one year 78 76 79 69
Other current assets 0 0
Cash and cash equivalents 132 317 328 394
Total assets 10,453 10,617 11,790 11,666
Equity 5,317 5,409 6,495 6,358
Grants and subsidies 4,698 4,808 4,621 4,724
Liabilities 438 400 675 584
Financial liabilities 227 212 362 338
Long-term liabilities 227 212 182 281
Short-term liabilities 211 188 493 303
Equity and liabilities 10,452 10,617 11,790 11,666

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% 1% 0% -1%
Return on equity (ROE) -1% 2% 0% -2%
Return on capital employed (ROCE) -1% 2% 1% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.03 0.03
Current Ratio 1.21 2.37 0.95 1.87
Quick ratio 0.99 2.09 0.82 1.53
Turnover ratios
Asset turnover 0.08 0.09 0.08 0.09
Fixed asset turnover 0.08 0.10 0.09 0.10
Equity turnover 0.15 0.18 0.15 0.17
Profitability ratios
EBITDA margin 15% 27% 40% 25%
Operating profit margin -5% 10% 7% -8%
Net profit margin -5% 9% 3% -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

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Kupiškio vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code164702145
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionKupiškis district municipality
  • Share belonging to the Municipal100%
https://kupiskiovandenys.lt/
ROE

-2.1%

Number of employees

35

Financial data provided as at end-December 2022

Management

  • Saulius SimanavičiusChief Executive Officer

Information as of: 4/30/2023