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
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Revenue | 3,321 | 3,375 | 3,939 | 3,904 |
Cost of goods sold | 2,252 | 2,417 | 2,721 | 3,800 |
Gross profit (loss) | 1,069 | 958 | 1,218 | 104 |
Gross profit margin | 32% | 28% | 31% | 3% |
Operating expenses | 928 | 618 | 579 | 583 |
Operating profit (loss) | 141 | 340 | 639 | -479 |
Operating profit margin | 4% | 10% | 16% | -12% |
EBITDA | 456 | 702 | 976 | 17 |
EBITDA margin | 14% | 21% | 25% | 0% |
Net profit (loss) | 238 | 463 | 667 | -403 |
Net profit margin | 7% | 14% | 17% | -10% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 25,338 | 29,508 | 29,624 | 32,146 |
Intangible assets | 11 | 7 | 3 | 25 |
Tangible assets | 25,327 | 29,501 | 29,621 | 32,121 |
Financial assets | 0 | 0 | 0 | 0 |
Other non-current assets | 0 | 0 | 0 | 0 |
Current assets | 736 | 1,556 | 1,390 | 931 |
Inventories and prepaid expenses | 16 | 25 | 26 | 90 |
Accounts receivable in one year | 357 | 411 | 479 | 395 |
Other current assets | ||||
Cash and cash equivalents | 363 | 1,120 | 885 | 446 |
Total assets | 26,080 | 31,067 | 31,017 | 33,083 |
Equity | 3,511 | 3,974 | 5,659 | 8,424 |
Grants and subsidies | 20,724 | 23,820 | 22,116 | 20,846 |
Liabilities | 1,845 | 3,273 | 3,242 | 3,814 |
Financial liabilities | 820 | 2,289 | 2,381 | 2,411 |
Long-term liabilities | 933 | 2,219 | 2,141 | 2,172 |
Short-term liabilities | 912 | 1,054 | 1,101 | 1,642 |
Equity and liabilities | 26,080 | 31,067 | 31,017 | 33,083 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 1% | 2% | 2% | -1% |
Return on equity (ROE) | 7% | 12% | 14% | -6% |
Return on capital employed (ROCE) | 3% | 5% | 8% | -5% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.03 | 0.07 | 0.08 | 0.07 |
Current Ratio | 0.81 | 1.48 | 1.26 | 0.57 |
Quick ratio | 0.79 | 1.45 | 1.24 | 0.51 |
Turnover ratios | ||||
Asset turnover | 0.13 | 0.11 | 0.13 | 0.12 |
Fixed asset turnover | 0.13 | 0.11 | 0.13 | 0.12 |
Equity turnover | 0.95 | 0.85 | 0.70 | 0.46 |
Profitability ratios | ||||
EBITDA margin | 14% | 21% | 25% | 0% |
Operating profit margin | 4% | 10% | 16% | -12% |
Net profit margin | 7% | 14% | 17% | -10% |
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 |
Financial statments
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
-5.7%
Number of employees
94
Financial data provided as at end-December 2022