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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,738 1,926 1,988 2,112
Cost of goods sold 1,455 1,655 1,702 1,870
Gross profit (loss) 282 271 286 242
Gross profit margin 16% 14% 14% 11%
Operating expenses 275 277 282 298
Operating profit (loss) 8 -6 4 -57
Operating profit margin 0% -0% 0% -3%
EBITDA 158 148 179 191
EBITDA margin 9% 8% 9% 9%
Net profit (loss) 10 3 4 19
Net profit margin 1% 0% 0% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 2,608 2,600 2,618 2,807
Intangible assets 7 3 3 3
Tangible assets 2,515 2,555 2,616 2,805
Financial assets 86 42 0 0
Other non-current assets 0 0 0 0
Current assets 1,042 1,186 1,269 1,034
Inventories and prepaid expenses 115 146 139 55
Accounts receivable in one year 371 466 458 400
Other current assets 0 0 0 0
Cash and cash equivalents 556 574 673 579
Total assets 3,656 3,802 3,892 3,845
Equity 2,729 2,900 2,979 2,998
Grants and subsidies 106 60 33 0
Liabilities 821 841 879 847
Financial liabilities 290 268 195 193
Long-term liabilities 150 195 122 120
Short-term liabilities 560 646 757 727
Equity and liabilities 3,656 3,802 3,892 3,845

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 0% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.09 0.07 0.06
Current Ratio 0.00 1.84 1.68 1.42
Quick ratio 0.00 1.61 1.49 1.35
Turnover ratios
Asset turnover 0.00 0.52 0.52 0.55
Fixed asset turnover 0.00 0.74 0.76 0.78
Equity turnover 0.00 0.68 0.68 0.71
Profitability ratios
EBITDA margin 0% 8% 9% 9%
Operating profit margin 0% -0% 0% -3%
Net profit margin 0% 0% 0% 1%
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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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

0.6%

Number of employees

88

Financial data provided as at end-December 2020