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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Molėtų švara“ was reorganized on 29th of April, 2003. All the time company’s main activities were provision of utilities services, public areas manual and mechanized cleaning, disposal of waste management, landscaping works, lighting networks operation and maintenance, cemetery management and maintenance, common use areas administration and maintenance in multi-apartment buildings.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 1,537 1,498 1,699 2,088
Cost of goods sold 1,214 1,263 1,445 1,789
Gross profit (loss) 324 234 254 299
Gross profit margin 21% 16% 15% 14%
Operating expenses 238 242 235 271
Operating profit (loss) 86 -8 19 28
Operating profit margin 6% -1% 1% 1%
EBITDA 167 63 93 90
EBITDA margin 11% 4% 5% 4%
Net profit (loss) 9 4 11 18
Net profit margin 1% 0% 1% 1%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 508 567 514 732
Intangible assets 9 18 11 4
Tangible assets 499 549 503 728
Financial assets
Other non-current assets
Current assets 687 648 758 853
Inventories and prepaid expenses 17 19 22 27
Accounts receivable in one year 357 324 294 346
Other current assets
Cash and cash equivalents 313 305 442 481
Total assets 1,195 1,214 1,272 1,585
Equity 664 667 678 696
Grants and subsidies
Liabilities 531 547 594 889
Financial liabilities 139 183 183 323
Long-term liabilities 139 183 128 323
Short-term liabilities 393 364 465 566
Equity and liabilities 1,195 1,214 1,272 1,585

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% 0% 1% 1%
Return on equity (ROE) 1% 1% 2% 3%
Return on capital employed (ROCE) 11% -1% 2% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12 0.15 0.14 0.20
Current Ratio 1.75 1.78 1.63 1.51
Quick ratio 1.71 1.73 1.58 1.46
Turnover ratios
Asset turnover 1.29 1.23 1.34 1.32
Fixed asset turnover 3.03 2.64 3.30 2.85
Equity turnover 2.32 2.24 2.51 3.00
Profitability ratios
EBITDA margin 11% 4% 5% 4%
Operating profit margin 6% -1% 1% 1%
Net profit margin 1% 0% 1% 1%
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

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB Molėtų švara
  • Legal formPrivate limited liability company (UAB)
  • Company code167500661
  • SectorOther
  • Line of businessWaste disposal services
  • Representing institutionMolėtai district municipality
  • Share belonging to the Municipal100%
https://moletusvara.lt/
ROE

2.7%

Number of employees

65

Financial data provided as at end-December 2022

Management

  • Elmaras MilinavičiusChief Executive Officer

Information as of: 4/30/2023