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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

In 1995, the Pakruojis water supply company was transformed into the closed joint-stock company “Pakruojo vandentiekis”. The main goal of the company is to adapt to various market needs and provide constantly improving and ecological quality services at the most affordable prices, reliable supply of good and very good quality drinking water to consumers, rational use of natural resources, collection and treatment of wastewater, thus improving the district’s ecological quality, as well as to provide high quality services that meet the needs of customers.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 813 858 838 914
Cost of goods sold 518 596 588 684
Gross profit (loss) 295 262 250 230
Gross profit margin 36% 31% 30% 25%
Operating expenses 266 277 263 281
Operating profit (loss) 29 -16 -12 -51
Operating profit margin 4% -2% -1% -6%
EBITDA 261 239 254 236
EBITDA margin 32% 28% 30% 26%
Net profit (loss) 66 30 34 7
Net profit margin 8% 3% 4% 1%

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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 13,523 14,387 14,800 14,462
Intangible assets 1 0
Tangible assets 13,522 14,387 14,800 14,462
Financial assets
Other non-current assets
Current assets 525 315 183 257
Inventories and prepaid expenses 347 143 6 6
Accounts receivable in one year 101 95 74 87
Other current assets
Cash and cash equivalents 78 77 104 164
Total assets 14,050 14,705 14,984 14,720
Equity 3,662 3,692 3,726 4,149
Grants and subsidies 9,640 10,032 9,971 9,664
Liabilities 749 981 1,288 907
Financial liabilities 564 609 685 657
Long-term liabilities 536 581 657 614
Short-term liabilities 213 400 631 293
Equity and liabilities 14,050 14,705 14,984 14,720

* 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) 0% 0% 0% 0%
Return on equity (ROE) 2% 1% 1% 0%
Return on capital employed (ROCE) 1% 0% 0% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.17 0.18 0.16
Current Ratio 2.47 0.79 0.29 0.88
Quick ratio 0.84 0.43 0.28 0.85
Turnover ratios
Asset turnover 0.06 0.06 0.06 0.06
Fixed asset turnover 0.06 0.06 0.06 0.06
Equity turnover 0.23 0.23 0.23 0.23
Profitability ratios
EBITDA margin 32% 28% 30% 26%
Operating profit margin 4% -2% -1% -6%
Net profit margin 8% 3% 4% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Pakruojo vandentiekis“
  • Legal formPrivate limited liability company (UAB)
  • Company code167922698
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionPakruojis district municipality
  • Share belonging to the Municipal100%
http://vandentiekis.com/
ROE

0.2%

Number of employees

32

Financial data provided as at end-December 2021