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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kybartų darna” was registered on January 28, 1992. The main activity of the company is a residential apartment building in Kybartai and Virbalis. administration, operation, maintenance of heat and hot water and utilities.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 572 590 599 602
Cost of goods sold 359 369 356 348
Gross profit (loss) 213 221 243 254
Gross profit margin 37% 37% 41% 42%
Operating expenses 163 203 224 205
Operating profit (loss) 51 18 19 49
Operating profit margin 9% 3% 3% 8%
EBITDA 70 44 51 75
EBITDA margin 12% 7% 8% 13%
Net profit (loss) 43 15 16 41
Net profit margin 8% 2% 3% 7%

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 63 108 78 67
Intangible assets 1 0
Tangible assets 62 108 78 67
Financial assets
Other non-current assets
Current assets 309 299 331 369
Inventories and prepaid expenses 10 1 1 1
Accounts receivable in one year 93 53 99 152
Other current assets
Cash and cash equivalents 206 246 232 216
Total assets 374 409 410 437
Equity 124 139 154 195
Grants and subsidies
Liabilities 250 270 256 242
Financial liabilities 32 16 7
Long-term liabilities 98 123 130 128
Short-term liabilities 152 147 126 114
Equity and liabilities 374 409 410 437

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 13% 4% 4% 10%
Return on equity (ROE) 42% 11% 11% 23%
Return on capital employed (ROCE) 46% 14% 14% 30%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.23 0.10 0.04
Current Ratio 2.04 2.03 2.64 3.22
Quick ratio 1.97 2.03 2.63 3.22
Turnover ratios
Asset turnover 1.72 1.51 1.46 1.42
Fixed asset turnover 8.33 6.90 6.46 8.33
Equity turnover 5.57 4.49 4.09 3.45
Profitability ratios
EBITDA margin 12% 7% 8% 13%
Operating profit margin 9% 3% 3% 8%
Net profit margin 8% 2% 3% 7%
Other ratios
Dividends to the Municipality 20.00
Dividends paid / net profit 0.49

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Kybartų darna“
  • Legal formPrivate limited liability company (UAB)
  • Company code185179431
  • SectorOther
  • Line of businessUtilities, apartament management, public transport
  • Representing institutionVilkaviškis district municipality
  • Share belonging to the Municipal100%
https://kybartudarna.webnode.com/
ROE

23.2%

Number of employees

34

Financial data provided as at end-December 2021