Mažeikių vandenys
In 1972, The Mažeikiai Territorial Water Supply and Sewerage Control was established, and on April 16th, 1973 it belonged to the utility company – Water Association of the Ministry of Public Utilities. In 1991 The Board was reorganized into the Mažeikiai State Supply Company and on April 24, 1995. – SP UAB Mažeikių vandenys. The main activities of the company are: water collection, treatment and supply, wastewater treatment and sludge treatment, operates the system of surface (rain) wastewater networks in Mažeikiai.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 3,375 | 3,939 | 3,904 | 4,858 |
| Cost of goods sold | 2,417 | 2,721 | 3,800 | 3,248 |
| Gross profit (loss) | 958 | 1,218 | 104 | 1,609 |
| Gross profit margin | 28% | 31% | 3% | 33% |
| Operating expenses | 618 | 579 | 583 | 691 |
| Operating profit (loss) | 340 | 639 | -479 | 918 |
| Operating profit margin | 10% | 16% | -12% | 19% |
| EBITDA | 702 | 976 | 18 | 1,510 |
| EBITDA margin | 21% | 25% | 0% | 31% |
| Net profit (loss) | 463 | 667 | -403 | 935 |
| Net profit margin | 14% | 17% | -10% | 19% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 29,508 | 29,624 | 32,146 | 31,379 |
| Intangible assets | 7 | 3 | 25 | 18 |
| Tangible assets | 29,501 | 29,621 | 32,121 | 31,361 |
| Financial assets | 0 | 0 | 0 | 0 |
| Other non-current assets | 0 | 0 | 0 | 0 |
| Current assets | 1,556 | 1,390 | 931 | 960 |
| Inventories and prepaid expenses | 25 | 26 | 90 | 30 |
| Accounts receivable in one year | 411 | 479 | 395 | 386 |
| Other current assets | ||||
| Cash and cash equivalents | 1,120 | 885 | 446 | 543 |
| Total assets | 31,067 | 31,017 | 33,083 | 32,347 |
| Equity | 3,974 | 5,659 | 8,424 | 9,706 |
| Grants and subsidies | 23,820 | 22,116 | 20,846 | 19,673 |
| Liabilities | 3,273 | 3,242 | 3,814 | 2,968 |
| Financial liabilities | 2,289 | 2,381 | 2,411 | 1,927 |
| Long-term liabilities | 2,219 | 2,141 | 2,172 | 1,687 |
| Short-term liabilities | 1,054 | 1,101 | 1,642 | 1,281 |
| Equity and liabilities | 31,067 | 31,017 | 33,083 | 32,347 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 2% | -1% | 3% |
| Return on equity (ROE) | 12% | 14% | -6% | 10% |
| Return on capital employed (ROCE) | 5% | 8% | -5% | 8% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.07 | 0.08 | 0.07 | 0.06 |
| Current Ratio | 1.48 | 1.26 | 0.57 | 0.75 |
| Quick ratio | 1.45 | 1.24 | 0.51 | 0.73 |
| Turnover ratios | ||||
| Asset turnover | 0.11 | 0.13 | 0.12 | 0.15 |
| Fixed asset turnover | 0.11 | 0.13 | 0.12 | 0.15 |
| Equity turnover | 0.85 | 0.70 | 0.46 | 0.50 |
| Profitability ratios | ||||
| EBITDA margin | 21% | 25% | 0% | 31% |
| Operating profit margin | 10% | 16% | -12% | 19% |
| Net profit margin | 14% | 17% | -10% | 19% |
| 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 „Mažeikių vandenys“
- Legal formPrivate limited liability company (UAB)
- Company code166486116
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionMažeikiai district municipality
- Share belonging to the Municipal100%
ROE
10.3%
Number of employees
91
Financial data provided as at end-December 2023
Management
- Kęstutis KazlauskasChief Executive Officer
Information as of: 2024/04/30
