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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Pabalių turgus” was registered on January 25, 2002. After the reorganization of UAB “Šiaulių turgus”. The main activity is the leasing of real estate ownership or other legal form. The Company also provides advertising services in the Company’s territory, toll administration services and performs other activities specified in the Company’s Articles of Association.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 266 282 249 264
Cost of goods sold 136 132 175 111
Gross profit (loss) 130 150 75 153
Gross profit margin 49% 53% 30% 58%
Operating expenses 126 105 57 115
Operating profit (loss) 4 45 17 38
Operating profit margin 1% 16% 7% 15%
EBITDA 84 91 33 66
EBITDA margin 32% 32% 13% 25%
Net profit (loss) 49 63 14 37
Net profit margin 19% 22% 5% 14%

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*** 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 441 423 403 385
Intangible assets 1 0 0
Tangible assets 440 423 403 385
Financial assets
Other non-current assets
Current assets 107 132 110 139
Inventories and prepaid expenses 0 0 0
Accounts receivable in one year 7 25 17 27
Other current assets 29
Cash and cash equivalents 71 106 93 112
Total assets 555 555 513 524
Equity 528 521 489 496
Grants and subsidies
Liabilities 17 35 24 28
Financial liabilities
Long-term liabilities 0 0
Short-term liabilities 17 35 24 28
Equity and liabilities 555 555 513 524

* 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) 9% 11% 3% 7%
Return on equity (ROE) 9% 12% 3% 7%
Return on capital employed (ROCE) 23% 28% 7% 17%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 6.24 3.80 4.63 5.01
Quick ratio 6.22 3.79 4.63 5.01
Turnover ratios
Asset turnover 0.48 0.51 0.47 0.51
Fixed asset turnover 0.63 0.65 0.60 0.67
Equity turnover 0.51 0.54 0.49 0.54
Profitability ratios
EBITDA margin 32% 32% 13% 25%
Operating profit margin 1% 16% 7% 15%
Net profit margin 19% 22% 5% 14%
Other ratios
Dividends to the Municipality 70.00 45.00 30.00 33.00
Dividends paid / net profit 1.42 0.71 2.19 0.90

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*** 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 Pabalių turgus
  • Legal formPrivate limited liability company (UAB)
  • Company code145827646
  • SectorOther
  • Line of businessMarketplace administration
  • Representing institutionŠiauliai city municipality
  • Share belonging to the Municipal100%
https://pabaliuturgus.lt/
ROE

7.4%

Number of employees

10

Financial data provided as at end-December 2021