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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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%
https://www.mku.lt/lt
ROE

8.2%

Number of employees

57

Financial data provided as at end-December 2021