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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

According to the resolution of the Government of the Republic of Lithuania on the management of municipal property, the Neringa department was separated from UAB “Klaipėdos vanduo” and on June 01, 1998 SP UAB “Neringos vanduo” was established. The main activity is the supply of drinking water and wastewater treatment services to the settlements of Nida, Juokrantė, Preila and Pervalka in the city of Neringa.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 636 661 771 818
Cost of goods sold 567 567 629 696
Gross profit (loss) 69 94 142 122
Gross profit margin 11% 14% 18% 15%
Operating expenses 162 198 211 293
Operating profit (loss) -93 -104 -68 -172
Operating profit margin -15% -16% -9% -21%
EBITDA -34 148 14 -122
EBITDA margin -5% 22% 2% -15%
Net profit (loss) -87 76 -64 -198
Net profit margin -14% 11% -8% -24%

* Left axis

** Right axis

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

Balance sheet

2018 2019 2020 2021
Non-current assets 10,275 10,081 10,319 9,881
Intangible assets 2
Tangible assets 10,275 10,081 10,319 9,879
Financial assets
Other non-current assets
Current assets 527 479 489 348
Inventories and prepaid expenses 17 15 13 14
Accounts receivable in one year 59 49 57 59
Other current assets
Cash and cash equivalents 350 330 334 190
Total assets 10,805 10,562 10,809 10,231
Equity 1,290 1,363 1,299 1,101
Grants and subsidies 9,420 9,121 9,411 8,986
Liabilities 95 79 99 144
Financial liabilities 95
Long-term liabilities
Short-term liabilities 95 79 99 144
Equity and liabilities 10,805 10,562 10,809 10,231

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% 1% -1% -2%
Return on equity (ROE) -7% 6% -5% -17%
Return on capital employed (ROCE) -2% 1% -1% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07
Current Ratio 5.56 6.10 4.94 2.41
Quick ratio 5.38 5.91 4.81 2.32
Turnover ratios
Asset turnover 0.06 0.06 0.07 0.08
Fixed asset turnover 0.06 0.06 0.08 0.08
Equity turnover 0.48 0.50 0.58 0.68
Profitability ratios
EBITDA margin -5% 22% 2% -15%
Operating profit margin -15% -16% -9% -21%
Net profit margin -14% 11% -8% -24%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Neringos vanduo“
  • Legal formPrivate limited liability company (UAB)
  • Company code152767676
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionNeringa municipality
  • Share belonging to the Municipal100%
https://neringosvanduo.lt/
ROE

-16.5%

Number of employees

35

Financial data provided as at end-December 2021