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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Palangos Klevas“ was established on the 30th of December, 1991. The company’s main activity is a marketplace maintenance and administration.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 127 119 125 179
Cost of goods sold 79 89 93 90
Gross profit (loss) 48 30 32 89
Gross profit margin 38% 25% 25% 50%
Operating expenses 43 46 42 44
Operating profit (loss) 5 -16 -11 45
Operating profit margin 4% -14% -8% 25%
EBITDA 25 10 13 60
EBITDA margin 20% 8% 10% 33%
Net profit (loss) 4 -9 -10 41
Net profit margin 3% -8% -8% 23%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 145 132 116 102
Intangible assets
Tangible assets 132 120 113 102
Financial assets 1
Other non-current assets 13 12 2
Current assets 200 197 206 261
Inventories and prepaid expenses
Accounts receivable in one year 1 2 1 5
Other current assets 100 100 100 100
Cash and cash equivalents 99 95 104 156
Total assets 345 329 322 363
Equity 323 309 299 340
Grants and subsidies
Liabilities 22 20 23 23
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 22 20 23 23
Equity and liabilities 345 329 322 363

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% -3% -3% 12%
Return on equity (ROE) 1% -3% -3% 13%
Return on capital employed (ROCE) 1% -5% -4% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 9.00 9.69 9.10 11.54
Quick ratio 9.00 9.69 9.10 11.54
Turnover ratios
Asset turnover 0.37 0.36 0.39 0.49
Fixed asset turnover 0.88 0.90 1.08 1.76
Equity turnover 0.39 0.38 0.42 0.52
Profitability ratios
EBITDA margin 20% 8% 10% 33%
Operating profit margin 4% -14% -8% 25%
Net profit margin 3% -8% -8% 23%
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

* Left axis

** Right axis

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Palangos Klevas“
  • Legal formPrivate limited liability company (UAB)
  • Company code152492671
  • SectorOther
  • Line of businessMarketplace administration
  • Representing institutionPalanga city municipality
  • Share belonging to the Municipal100%
https://palangosturgus.lt/
ROE

12.8%

Number of employees

7

Financial data provided as at end-December 2022

Management

  • Andrejus ByčkovasChief Executive Officer

Information as of: 4/30/2023