• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 3,328 3,321 3,375 3,939
Cost of goods sold 2,328 2,252 2,417 2,721
Gross profit (loss) 1,000 1,069 958 1,218
Gross profit margin 30% 32% 28% 31%
Operating expenses 1,006 928 618 579
Operating profit (loss) -6 141 340 639
Operating profit margin -0% 4% 10% 16%
EBITDA 345 456 702 976
EBITDA margin 10% 14% 21% 25%
Net profit (loss) 77 238 463 667
Net profit margin 2% 7% 14% 17%

Balance sheet

2018 2019 2020 2021
Non-current assets 23,936 25,338 29,508 29,624
Intangible assets 11 7 3
Tangible assets 23,936 25,327 29,501 29,621
Financial assets
Other non-current assets
Current assets 791 736 1,556 1,390
Inventories and prepaid expenses 18 16 25 26
Accounts receivable in one year 376 357 411 479
Other current assets
Cash and cash equivalents 397 363 1,120 885
Total assets 24,730 26,080 31,067 31,017
Equity 3,273 3,511 3,974 5,659
Grants and subsidies 19,904 20,724 23,820 22,116
Liabilities 1,553 1,845 3,273 3,242
Financial liabilities 603 820 2,289 2,381
Long-term liabilities 817 933 2,219 2,141
Short-term liabilities 737 912 1,054 1,101
Equity and liabilities 24,730 26,080 31,067 31,017

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 1% 2% 2%
Return on equity (ROE) 2% 7% 12% 14%
Return on capital employed (ROCE) 1% 2% 3% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.23 0.58 0.42
Current Ratio 1.07 0.81 1.48 1.26
Quick ratio 1.05 0.79 1.45 1.24
Turnover ratios
Asset turnover 0.14 0.13 0.12 0.13
Fixed asset turnover 0.14 0.13 0.12 0.13
Equity turnover 1.03 0.98 0.90 0.82
Profitability ratios
EBITDA margin 10% 14% 21% 25%
Operating profit margin -0% 4% 10% 16%
Net profit margin 2% 7% 14% 17%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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%
http://www.mvandenys.lt/
ROE

13.9%

Number of employees

99

Financial data provided as at end-December 2021