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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

2018 2019 2020 2021
Revenue 121 127 119 125
Cost of goods sold 78 79 89 93
Gross profit (loss) 44 48 30 32
Gross profit margin 36% 38% 25% 25%
Operating expenses 37 43 46 42
Operating profit (loss) 6 5 -16 -11
Operating profit margin 5% 4% -14% -8%
EBITDA 27 25 10 13
EBITDA margin 22% 20% 8% 10%
Net profit (loss) 6 4 -9 -10
Net profit margin 5% 3% -8% -8%

Balance sheet

2018 2019 2020 2021
Non-current assets 159 145 132 116
Intangible assets
Tangible assets 137 132 120 113
Financial assets 1
Other non-current assets 21 13 12 2
Current assets 185 200 197 206
Inventories and prepaid expenses 1
Accounts receivable in one year 2 1 2 1
Other current assets 80 100 100 100
Cash and cash equivalents 102 99 95 104
Total assets 344 345 329 322
Equity 324 323 309 299
Grants and subsidies
Liabilities 21 22 20 23
Financial liabilities
Long-term liabilities
Short-term liabilities 21 22 20 23
Equity and liabilities 344 345 329 322

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 1% -3% -3%
Return on equity (ROE) 2% 1% -3% -3%
Return on capital employed (ROCE) 4% 3% -10% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 9.03 9.00 9.69 9.10
Quick ratio 8.99 9.00 9.69 9.10
Turnover ratios
Asset turnover 0.35 0.37 0.35 0.38
Fixed asset turnover 0.73 0.84 0.86 1.01
Equity turnover 0.37 0.39 0.38 0.41
Profitability ratios
EBITDA margin 22% 20% 8% 10%
Operating profit margin 5% 4% -14% -8%
Net profit margin 5% 3% -8% -8%
Other ratios
Dividends to the Municipality 5.30
Dividends paid / net profit 0.96

Financial statments

Expectations of the municipal

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

-3.3%

Number of employees

7

Financial data provided as at end-December 2021