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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 542 569 714 689
Cost of goods sold 458 455 498 566
Gross profit (loss) 85 115 216 123
Gross profit margin 16% 20% 30% 18%
Operating expenses 122 110 111 115
Operating profit (loss) -38 5 105 8
Operating profit margin -7% 1% 15% 1%
EBITDA 38 379 177 89
EBITDA margin 7% 67% 25% 13%
Net profit (loss) -8 -15 89 0
Net profit margin -2% -3% 12% 0%

* Left axis

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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 12,672 15,416 15,312 15,002
Intangible assets 0 0 45
Tangible assets 12,671 15,416 15,311 14,957
Financial assets
Other non-current assets
Current assets 158 160 244 227
Inventories and prepaid expenses 6 6 3 6
Accounts receivable in one year 114 85 103 108
Other current assets
Cash and cash equivalents 39 69 138 112
Total assets 12,830 15,576 15,556 15,229
Equity 1,928 1,913 2,002 2,061
Grants and subsidies 10,206 13,065 13,018 12,716
Liabilities 696 598 536 452
Financial liabilities 527 443 359 275
Long-term liabilities 443 359 275 191
Short-term liabilities 253 239 261 261
Equity and liabilities 12,830 15,576 15,556 15,229

* 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) -0% -0% 1% 0%
Return on equity (ROE) -0% -1% 5% 0%
Return on capital employed (ROCE) -1% -0% 1% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.27 0.23 0.18 0.13
Current Ratio 0.63 0.67 0.93 0.87
Quick ratio 0.60 0.65 0.92 0.85
Turnover ratios
Asset turnover 0.04 0.04 0.05 0.04
Fixed asset turnover 0.04 0.04 0.05 0.05
Equity turnover 0.28 0.30 0.36 0.34
Profitability ratios
EBITDA margin 7% 67% 25% 13%
Operating profit margin -7% 1% 15% 1%
Net profit margin -2% -3% 12% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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 Municipal99.7%
https://lazdijuvanduo.lt/
ROE

0.0%

Number of employees

35

Financial data provided as at end-December 2021