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
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%
ROE
13.9%
Number of employees
99
Financial data provided as at end-December 2021