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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

2019 2020 2021 2022
Revenue 569 714 689 833
Cost of goods sold 455 498 566 814
Gross profit (loss) 115 216 123 19
Gross profit margin 20% 30% 18% 2%
Operating expenses 110 111 115 176
Operating profit (loss) 5 105 8 -157
Operating profit margin 1% 15% 1% -19%
EBITDA 379 177 89 -22
EBITDA margin 67% 25% 13% -3%
Net profit (loss) -15 89 0 -178
Net profit margin -3% 12% 0% -21%

Balance sheet

2019 2020 2021 2022
Non-current assets 15,416 15,312 15,002 15,254
Intangible assets 0 0 45 42
Tangible assets 15,416 15,311 14,957 15,213
Financial assets
Other non-current assets
Current assets 160 244 227 382
Inventories and prepaid expenses 6 3 6 15
Accounts receivable in one year 85 103 108 89
Other current assets
Cash and cash equivalents 69 138 112 278
Total assets 15,576 15,556 15,229 15,636
Equity 1,913 2,002 2,061 3,657
Grants and subsidies 13,065 13,018 12,717 11,514
Liabilities 598 536 452 465
Financial liabilities 443 359 275 208
Long-term liabilities 359 275 191 120
Short-term liabilities 239 261 261 345
Equity and liabilities 15,576 15,556 15,229 15,636

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% 1% 0% -1%
Return on equity (ROE) -1% 5% 0% -6%
Return on capital employed (ROCE) 0% 5% 0% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.02 0.02 0.01
Current Ratio 0.67 0.93 0.87 1.11
Quick ratio 0.65 0.92 0.84 1.06
Turnover ratios
Asset turnover 0.04 0.05 0.05 0.05
Fixed asset turnover 0.04 0.05 0.05 0.05
Equity turnover 0.30 0.36 0.33 0.23
Profitability ratios
EBITDA margin 67% 25% 13% -3%
Operating profit margin 1% 15% 1% -19%
Net profit margin -3% 12% 0% -21%
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

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%
https://lazdijuvanduo.lt/
ROE

-6.2%

Number of employees

32

Financial data provided as at end-December 2022

Management

  • Eimantas ZaburasChief Executive Officer

Information as of: 2023/04/30