Lazdijų vanduo
On July 18, 1995 the company took over the rights, obligations and responsibilities of the former Lazdijai State Water Supply Company, which was established in 1993. The main activities are water extraction and sewage disposal, vehicle rental, placement of equipment on water supply towers, construction and repair of water supply and sewerage networks.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 714 | 689 | 833 | 1,027 |
| Cost of goods sold | 498 | 566 | 814 | 797 |
| Gross profit (loss) | 216 | 123 | 19 | 230 |
| Gross profit margin | 30% | 18% | 2% | 22% |
| Operating expenses | 111 | 115 | 176 | 220 |
| Operating profit (loss) | 105 | 8 | -157 | 10 |
| Operating profit margin | 15% | 1% | -19% | 1% |
| EBITDA | 177 | 89 | -28 | 186 |
| EBITDA margin | 25% | 13% | -3% | 18% |
| Net profit (loss) | 89 | 0 | -178 | 26 |
| Net profit margin | 12% | 0% | -21% | 3% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 15,312 | 15,002 | 15,254 | 16,192 |
| Intangible assets | 0 | 45 | 42 | 16 |
| Tangible assets | 15,311 | 14,957 | 15,213 | 16,176 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 244 | 227 | 382 | 481 |
| Inventories and prepaid expenses | 3 | 6 | 15 | 35 |
| Accounts receivable in one year | 103 | 108 | 89 | 139 |
| Other current assets | ||||
| Cash and cash equivalents | 138 | 112 | 278 | 307 |
| Total assets | 15,556 | 15,229 | 15,636 | 16,673 |
| Equity | 2,002 | 2,061 | 3,657 | 3,689 |
| Grants and subsidies | 13,018 | 12,717 | 11,514 | 12,132 |
| Liabilities | 536 | 452 | 465 | 853 |
| Financial liabilities | 359 | 275 | 208 | 424 |
| Long-term liabilities | 275 | 191 | 120 | 323 |
| Short-term liabilities | 261 | 261 | 345 | 530 |
| Equity and liabilities | 15,556 | 15,229 | 15,636 | 16,673 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 0% | -1% | 0% |
| Return on equity (ROE) | 5% | 0% | -6% | 1% |
| Return on capital employed (ROCE) | 5% | 0% | -4% | 0% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.02 | 0.01 | 0.03 |
| Current Ratio | 0.93 | 0.87 | 1.11 | 0.91 |
| Quick ratio | 0.92 | 0.84 | 1.06 | 0.84 |
| Turnover ratios | ||||
| Asset turnover | 0.05 | 0.05 | 0.05 | 0.06 |
| Fixed asset turnover | 0.05 | 0.05 | 0.05 | 0.06 |
| Equity turnover | 0.36 | 0.33 | 0.23 | 0.28 |
| Profitability ratios | ||||
| EBITDA margin | 25% | 13% | -3% | 18% |
| Operating profit margin | 15% | 1% | -19% | 1% |
| Net profit margin | 12% | 0% | -21% | 3% |
| 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 „Lazdijų vanduo“
- Legal formPrivate limited liability company (UAB)
- Company code165171377
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionLazdijai district municipality
- Share belonging to the Municipal99.84%
ROE
0.7%
Number of employees
32
Financial data provided as at end-December 2023
Management
- Eimantas ZaburasChief Executive Officer
Information as of: 2024/04/30
