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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Kuršėnai Komunalinis ūkis was registered on November 16, 1990. Its activities include administration of the common property of owners of apartments and other premises, maintenance of bathhouses, cemeteries and markets, maintenance and operation of street lighting, road signs, road maintenance, construction, temporary care of stray animals, collection of waste, landscaping and manual cleaning of environment.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,926 1,988 2,112 2,415
Cost of goods sold 1,655 1,702 1,870 2,140
Gross profit (loss) 271 286 242 275
Gross profit margin 14% 14% 11% 11%
Operating expenses 277 282 298 327
Operating profit (loss) -6 4 -57 -53
Operating profit margin -0% 0% -3% -2%
EBITDA 148 179 191 228
EBITDA margin 8% 9% 9% 9%
Net profit (loss) 3 4 19 25
Net profit margin 0% 0% 1% 1%

Balance sheet

2018 2019 2020 2021
Non-current assets 2,600 2,618 2,807 2,825
Intangible assets 3 3 3 4
Tangible assets 2,555 2,616 2,805 2,821
Financial assets 42
Other non-current assets
Current assets 1,186 1,269 1,034 1,309
Inventories and prepaid expenses 146 139 55 24
Accounts receivable in one year 466 458 400 479
Other current assets
Cash and cash equivalents 574 673 579 806
Total assets 3,802 3,892 3,845 4,138
Equity 2,900 2,979 2,998 3,023
Grants and subsidies 60 33 179
Liabilities 841 879 847 936
Financial liabilities 268 195 193 198
Long-term liabilities 195 122 120 125
Short-term liabilities 646 757 727 811
Equity and liabilities 3,802 3,892 3,845 4,138

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 0% 0% 1%
Return on equity (ROE) 0% 0% 1% 1%
Return on capital employed (ROCE) 0% 0% 1% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.09 0.07 0.06 0.07
Current Ratio 1.84 1.68 1.42 1.61
Quick ratio 1.61 1.49 1.35 1.59
Turnover ratios
Asset turnover 0.52 0.52 0.55 0.60
Fixed asset turnover 0.74 0.76 0.78 0.86
Equity turnover 0.68 0.68 0.71 0.80
Profitability ratios
EBITDA margin 8% 9% 9% 9%
Operating profit margin -0% 0% -3% -2%
Net profit margin 0% 0% 1% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB Kuršėnų komunalinis ūkis
  • Legal formPrivate limited liability company (UAB)
  • Company code175606358
  • SectorOther
  • Line of businessWaste disposal services
  • Representing institutionŠiauliai district municipality
  • Share belonging to the Municipal100%
https://www.kursenai-ku.lt/
ROE

0.8%

Number of employees

89

Financial data provided as at end-December 2021