Pakruojo vandentiekis
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 858 | 838 | 914 | 922 |
| Cost of goods sold | 596 | 588 | 684 | 867 |
| Gross profit (loss) | 262 | 250 | 230 | 55 |
| Gross profit margin | 31% | 30% | 25% | 6% |
| Operating expenses | 196 | 185 | 197 | 255 |
| Operating profit (loss) | -16 | -12 | -51 | -275 |
| Operating profit margin | -2% | -1% | -6% | -30% |
| EBITDA | 239 | 254 | 236 | 97 |
| EBITDA margin | 28% | 30% | 26% | 11% |
| Net profit (loss) | 30 | 34 | 7 | -191 |
| Net profit margin | 3% | 4% | 1% | -21% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 14,387 | 14,800 | 14,462 | 17,718 |
| Intangible assets | 0 | 0 | 0 | 0 |
| Tangible assets | 14,387 | 14,800 | 14,462 | 17,718 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 315 | 183 | 257 | 150 |
| Inventories and prepaid expenses | 143 | 6 | 6 | 7 |
| Accounts receivable in one year | 95 | 74 | 87 | 83 |
| Other current assets | ||||
| Cash and cash equivalents | 77 | 104 | 164 | 60 |
| Total assets | 14,705 | 14,984 | 14,720 | 17,870 |
| Equity | 3,692 | 3,726 | 4,150 | 7,057 |
| Grants and subsidies | 10,032 | 9,971 | 9,664 | 9,337 |
| Liabilities | 981 | 1,288 | 907 | 1,471 |
| Financial liabilities | 609 | 685 | 657 | 614 |
| Long-term liabilities | 581 | 657 | 614 | 570 |
| Short-term liabilities | 400 | 631 | 293 | 901 |
| Equity and liabilities | 14,705 | 14,984 | 14,720 | 17,870 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | 0% | -1% |
| Return on equity (ROE) | 1% | 1% | 0% | -3% |
| Return on capital employed (ROCE) | -0% | -0% | -1% | -4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.04 | 0.05 | 0.04 | 0.03 |
| Current Ratio | 0.79 | 0.29 | 0.88 | 0.17 |
| Quick ratio | 0.43 | 0.28 | 0.85 | 0.16 |
| Turnover ratios | ||||
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.05 |
| Fixed asset turnover | 0.06 | 0.06 | 0.06 | 0.05 |
| Equity turnover | 0.23 | 0.22 | 0.22 | 0.13 |
| Profitability ratios | ||||
| EBITDA margin | 28% | 30% | 26% | 11% |
| Operating profit margin | -2% | -1% | -6% | -30% |
| Net profit margin | 3% | 4% | 1% | -21% |
| 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 „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%
ROE
-3.4%
Number of employees
32
Financial data provided as at end-December 2022
Management
- Stasys TamulionisChief Executive Officer
Information as of: 4/30/2023
