Kuršėnų vandenys
UAB Kuršėnų vandenys was registered on January 8, 2008. The main activity is the extraction and supply of drinking water to residents and companies, wastewater collection, treatment, sludge management, and transport of wastewater by means of sewage transport vehicles. The company’s activities are licensed. The company has been appointed as a public drinking water supplier and wastewater manager in the territory of the municipality of Šiauliai district.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 1,342 | 1,417 | 1,752 | 1,825 |
| Cost of goods sold | 1,487 | 1,439 | 1,571 | 1,883 |
| Gross profit (loss) | -145 | -22 | 181 | -58 |
| Gross profit margin | -11% | -2% | 10% | -3% |
| Operating expenses | 313 | 379 | 433 | 456 |
| Operating profit (loss) | -457 | -401 | -251 | -514 |
| Operating profit margin | -34% | -28% | -14% | -28% |
| EBITDA | 7 | 35 | 188 | -37 |
| EBITDA margin | 1% | 2% | 11% | -2% |
| Net profit (loss) | -411 | -375 | -254 | -460 |
| Net profit margin | -31% | -26% | -14% | -25% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 25,112 | 26,276 | 27,679 | 29,031 |
| Intangible assets | 1 | 1 | 3 | 10 |
| Tangible assets | 25,111 | 26,275 | 27,676 | 29,021 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 404 | 357 | 501 | 777 |
| Inventories and prepaid expenses | 10 | 5 | 14 | 8 |
| Accounts receivable in one year | 187 | 185 | 174 | 209 |
| Other current assets | ||||
| Cash and cash equivalents | 208 | 168 | 312 | 560 |
| Total assets | 25,519 | 26,637 | 28,185 | 29,814 |
| Equity | 15,654 | 15,300 | 15,090 | 15,735 |
| Grants and subsidies | 8,839 | 9,510 | 10,872 | 11,545 |
| Liabilities | 1,026 | 1,827 | 2,224 | 2,533 |
| Financial liabilities | 729 | 1,005 | 1,757 | 2,141 |
| Long-term liabilities | 704 | 959 | 1,629 | 2,003 |
| Short-term liabilities | 322 | 867 | 595 | 531 |
| Equity and liabilities | 25,519 | 26,637 | 28,185 | 29,814 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -2% | -1% | -1% | -2% |
| Return on equity (ROE) | -3% | -2% | -2% | -3% |
| Return on capital employed (ROCE) | -3% | -2% | -2% | -3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.03 | 0.04 | 0.06 | 0.07 |
| Current Ratio | 1.25 | 0.41 | 0.84 | 1.46 |
| Quick ratio | 1.22 | 0.41 | 0.82 | 1.45 |
| Turnover ratios | ||||
| Asset turnover | 0.05 | 0.05 | 0.06 | 0.06 |
| Fixed asset turnover | 0.05 | 0.05 | 0.06 | 0.06 |
| Equity turnover | 0.09 | 0.09 | 0.12 | 0.12 |
| Profitability ratios | ||||
| EBITDA margin | 1% | 2% | 11% | -2% |
| Operating profit margin | -34% | -28% | -14% | -28% |
| Net profit margin | -31% | -26% | -14% | -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 |
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 indirectly belonging to the Municipal0%
ROE
-3.0%
Number of employees
61
Financial data provided as at end-December 2022
Management
- Silvas GedaminskasChief Executive Officer
Information as of: 4/30/2023
