• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 1,323 1,342 1,417 1,752
Cost of goods sold 1,535 1,487 1,439 1,571
Gross profit (loss) -212 -145 -22 181
Gross profit margin -16% -11% -2% 10%
Operating expenses 287 313 379 433
Operating profit (loss) -499 -457 -401 -251
Operating profit margin -38% -34% -28% -14%
EBITDA 45 7 57 231
EBITDA margin 3% 1% 4% 13%
Net profit (loss) -458 -411 -354 -211
Net profit margin -35% -31% -25% -12%

Balance sheet

2018 2019 2020 2021
Non-current assets 24,915 25,112 26,276 27,679
Intangible assets 1 1 1 3
Tangible assets 24,914 25,111 26,275 27,676
Financial assets
Other non-current assets
Current assets 558 404 357 501
Inventories and prepaid expenses 6 10 5 14
Accounts receivable in one year 179 187 185 174
Other current assets
Cash and cash equivalents 374 208 168 312
Total assets 25,477 25,519 26,637 28,185
Equity 16,009 15,654 15,300 15,090
Grants and subsidies 8,764 8,839 9,510 10,872
Liabilities 704 1,026 1,827 2,224
Financial liabilities 379 729 1,005 1,757
Long-term liabilities 378 704 959 1,629
Short-term liabilities 325 322 867 595
Equity and liabilities 25,477 25,519 26,637 28,185

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% -2% -1% -1%
Return on equity (ROE) -3% -3% -2% -1%
Return on capital employed (ROCE) -4% -3% -3% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.05 0.07 0.12
Current Ratio 1.72 1.25 0.41 0.84
Quick ratio 1.70 1.22 0.41 0.82
Turnover ratios
Asset turnover 0.05 0.05 0.05 0.06
Fixed asset turnover 0.05 0.05 0.06 0.06
Equity turnover 0.08 0.08 0.09 0.12
Profitability ratios
EBITDA margin 3% 1% 4% 13%
Operating profit margin -38% -34% -28% -14%
Net profit margin -35% -31% -25% -12%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

-1.4%

Number of employees

61

Financial data provided as at end-December 2021