Mažeikių komunalinis ūkis
In 1965, the company was granted the title of Utility Combine. In 1991, the plant was renamed into Mažeikiai State Utility Company, and in 1995, the company’s assets were promoted and it became a Special Purpose Company. UAB „Mažeikių komunalinis ūkis“ is a company that has been providing various utility services to the residents of Mažeikiai district for more than 50 years. Having started its activity under the name “pramkombinatas”, it was later renamed the Local Economic Board under the District Executive Committee.
Financial results
P/L Statment
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 864 | 1,142 | 1,412 | 1,520 |
| Cost of goods sold | 786 | 902 | 1,154 | 1,258 |
| Gross profit (loss) | 77 | 241 | 258 | 263 |
| Gross profit margin | 9% | 21% | 18% | 17% |
| Operating expenses | 154 | 155 | 160 | 167 |
| Operating profit (loss) | -77 | 86 | 98 | 96 |
| Operating profit margin | -9% | 8% | 7% | 6% |
| EBITDA | 30 | 190 | 201 | 219 |
| EBITDA margin | 3% | 17% | 14% | 14% |
| Net profit (loss) | -77 | 99 | 84 | 87 |
| Net profit margin | -9% | 9% | 6% | 6% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 493 | 607 | 665 | 651 |
| Intangible assets | ||||
| Tangible assets | 493 | 607 | 665 | 651 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 481 | 455 | 499 | 573 |
| Inventories and prepaid expenses | 7 | 17 | 19 | 8 |
| Accounts receivable in one year | 258 | 313 | 294 | 224 |
| Other current assets | ||||
| Cash and cash equivalents | 215 | 124 | 187 | 342 |
| Total assets | 977 | 1,066 | 1,169 | 1,229 |
| Equity | 829 | 927 | 1,012 | 1,098 |
| Grants and subsidies | ||||
| Liabilities | 148 | 139 | 158 | 131 |
| Financial liabilities | 29 | 13 | ||
| Long-term liabilities | 13 | |||
| Short-term liabilities | 135 | 139 | 158 | 131 |
| Equity and liabilities | 977 | 1,066 | 1,169 | 1,229 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -7% | 10% | 8% | 7% |
| Return on equity (ROE) | -9% | 11% | 9% | 8% |
| Return on capital employed (ROCE) | -18% | 23% | 20% | 19% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.04 | 0.01 | ||
| Current Ratio | 3.57 | 3.28 | 3.16 | 4.38 |
| Quick ratio | 3.51 | 3.16 | 3.05 | 4.32 |
| Turnover ratios | ||||
| Asset turnover | 0.84 | 1.12 | 1.26 | 1.27 |
| Fixed asset turnover | 1.93 | 2.08 | 2.22 | 2.31 |
| Equity turnover | 1.00 | 1.30 | 1.46 | 1.44 |
| Profitability ratios | ||||
| EBITDA margin | 3% | 17% | 14% | 14% |
| Operating profit margin | -9% | 8% | 7% | 6% |
| Net profit margin | -9% | 9% | 6% | 6% |
| Other ratios | ||||
| Dividends to the Municipality | ||||
| Dividends paid / net profit |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB „Mažeikių komunalinis ūkis“
- Legal formPrivate limited liability company (UAB)
- Company code166445258
- SectorOther
- Line of businessWaste disposal services
- Representing institutionMažeikiai district municipality
- Share belonging to the Municipal91.3%
ROE
8.2%
Number of employees
57
Financial data provided as at end-December 2021
