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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 120 121 127 119
Cost of goods sold 66 78 79 89
Gross profit (loss) 54 44 48 30
Gross profit margin 45% 36% 38% 25%
Operating expenses 39 37 43 46
Operating profit (loss) 15 6 5 -16
Operating profit margin 13% 5% 4% -14%
EBITDA 36 27 25 10
EBITDA margin 30% 22% 20% 8%
Net profit (loss) 13 6 4 -9
Net profit margin 11% 5% 3% -8%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 172 159 145 132
Intangible assets 0 0 0 0
Tangible assets 143 137 132 120
Financial assets 0 0 0 0
Other non-current assets 29 21 13 12
Current assets 173 185 200 197
Inventories and prepaid expenses 0 1 0 0
Accounts receivable in one year 2 2 1 2
Other current assets 60 80 100 100
Cash and cash equivalents 111 102 99 95
Total assets 345 344 345 329
Equity 331 324 323 309
Grants and subsidies 0 0 0 0
Liabilities 14 21 22 20
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 14 21 22 20
Equity and liabilities 345 344 345 329

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 4% 3% -10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.00 9.03 9.00 9.69
Quick ratio 0.00 8.99 9.00 9.69
Turnover ratios
Asset turnover 0.00 0.35 0.37 0.35
Fixed asset turnover 0.00 0.73 0.84 0.86
Equity turnover 0.00 0.37 0.39 0.38
Profitability ratios
EBITDA margin 0% 22% 20% 8%
Operating profit margin 0% 5% 4% -14%
Net profit margin 0% 5% 3% -8%
Other ratios
Dividends to the Municipality 0.00 5.30 0.00 0.00
Dividends paid / net profit 0.00 0.96 0.00 0.00

* Left axis

** Right axis

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


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Financial statments

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://www.palangosturgus.lt/
ROE

-3.0%

Number of employees

7

Financial data provided as at end-December 2020