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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,265 1,323 1,342 1,417
Cost of goods sold 1,298 1,535 1,487 1,439
Gross profit (loss) -32 -212 -145 -22
Gross profit margin -3% -16% -11% -2%
Operating expenses 272 287 313 379
Operating profit (loss) -304 -499 -457 -401
Operating profit margin -24% -38% -34% -28%
EBITDA 295 45 7 57
EBITDA margin 23% 3% 1% 4%
Net profit (loss) -274 -458 -411 -354
Net profit margin -22% -35% -31% -25%

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Balance sheet

2017 2018 2019 2020
Non-current assets 24,175 24,915 25,112 26,276
Intangible assets 2 1 1 1
Tangible assets 24,173 24,914 25,111 26,275
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Current assets 388 558 404 357
Inventories and prepaid expenses 3 6 10 5
Accounts receivable in one year 176 0 0 0
Other current assets 0 179 187 185
Cash and cash equivalents 209 374 208 168
Total assets 24,566 25,477 25,519 26,637
Equity 16,089 16,009 15,654 15,300
Grants and subsidies 8,284 8,764 8,839 9,510
Liabilities 193 704 1,026 1,827
Financial liabilities 45 379 729 1,005
Long-term liabilities 45 378 704 959
Short-term liabilities 148 325 322 867
Equity and liabilities 24,566 25,477 25,519 26,637

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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% -4% -3% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.02 0.05 0.07
Current Ratio 0.00 1.72 1.25 0.41
Quick ratio 0.00 1.70 1.22 0.41
Turnover ratios
Asset turnover 0.00 0.05 0.05 0.05
Fixed asset turnover 0.00 0.05 0.05 0.06
Equity turnover 0.00 0.08 0.08 0.09
Profitability ratios
EBITDA margin 0% 3% 1% 4%
Operating profit margin 0% -38% -34% -28%
Net profit margin 0% -35% -31% -25%
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 vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code301507301
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionŠiauliai district municipality
  • Share belonging to the Municipal100%
http://www.kursenuvandenys.lt/
ROE

-2.3%

Number of employees

61

Financial data provided as at end-December 2020