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
Management
- Kęstutis KazlauskasChief Executive Officer
Information as of: 4/30/2023
