Neringos vanduo
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 661 | 771 | 818 | 730 |
| Cost of goods sold | 567 | 629 | 712 | 888 |
| Gross profit (loss) | 94 | 142 | 106 | -158 |
| Gross profit margin | 14% | 18% | 13% | -22% |
| Operating expenses | 145 | 159 | 233 | 256 |
| Operating profit (loss) | -104 | -68 | -182 | -476 |
| Operating profit margin | -16% | -9% | -22% | -65% |
| EBITDA | 148 | 14 | -131 | -391 |
| EBITDA margin | 22% | 2% | -16% | -54% |
| Net profit (loss) | 76 | -64 | -207 | -457 |
| Net profit margin | 11% | -8% | -25% | -63% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 10,081 | 10,319 | 9,881 | 9,499 |
| Intangible assets | 2 | 3 | ||
| Tangible assets | 10,081 | 10,319 | 9,879 | 9,497 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 479 | 489 | 357 | 273 |
| Inventories and prepaid expenses | 15 | 13 | 99 | 112 |
| Accounts receivable in one year | 49 | 57 | 67 | 137 |
| Other current assets | ||||
| Cash and cash equivalents | 330 | 334 | 190 | 23 |
| Total assets | 10,562 | 10,809 | 10,239 | 9,774 |
| Equity | 1,363 | 1,299 | 1,092 | 634 |
| Grants and subsidies | 9,121 | 9,411 | 8,986 | 8,651 |
| Liabilities | 79 | 99 | 162 | 490 |
| Financial liabilities | 0 | 0 | 0 | 350 |
| Long-term liabilities | ||||
| Short-term liabilities | 79 | 99 | 162 | 490 |
| Equity and liabilities | 10,562 | 10,809 | 10,239 | 9,775 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | -1% | -2% | -5% |
| Return on equity (ROE) | 6% | -5% | -17% | -53% |
| Return on capital employed (ROCE) | -8% | -5% | -17% | -75% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.04 |
| Current Ratio | 6.10 | 4.94 | 2.20 | 0.56 |
| Quick ratio | 5.91 | 4.81 | 1.59 | 0.33 |
| Turnover ratios | ||||
| Asset turnover | 0.06 | 0.07 | 0.08 | 0.07 |
| Fixed asset turnover | 0.07 | 0.07 | 0.08 | 0.08 |
| Equity turnover | 0.48 | 0.59 | 0.75 | 1.15 |
| Profitability ratios | ||||
| EBITDA margin | 22% | 2% | -16% | -54% |
| Operating profit margin | -16% | -9% | -22% | -65% |
| Net profit margin | 11% | -8% | -25% | -63% |
| 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 „Neringos vanduo“
- Legal formPrivate limited liability company (UAB)
- Company code152767676
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionNeringa municipality
- Share belonging to the Municipal100%
ROE
-53.0%
Number of employees
25
Financial data provided as at end-December 2022
Management
- Darius VaitkevičiusChief Executive Officer
Information as of: 4/30/2023
