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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 4,554 4,894 4,131 4,648
Cost of goods sold 4,146 4,565 3,922 4,213
Gross profit (loss) 408 328 209 435
Gross profit margin 9% 7% 5% 9%
Operating expenses 319 284 354 347
Operating profit (loss) 90 45 -145 87
Operating profit margin 2% 1% -4% 2%
EBITDA 288 290 92 355
EBITDA margin 6% 6% 2% 8%
Net profit (loss) 88 65 -127 68
Net profit margin 2% 1% -3% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 1,418 1,300 1,377 1,247
Intangible assets 5 4 2 12
Tangible assets 1,386 1,269 1,326 1,194
Financial assets 0 0 0 0
Other non-current assets 27 28 49 41
Current assets 799 903 842 1,026
Inventories and prepaid expenses 46 31 64 70
Accounts receivable in one year 197 266 550 279
Other current assets 0 0 0 0
Cash and cash equivalents 557 606 228 678
Total assets 2,231 2,214 2,230 2,284
Equity 1,267 1,332 1,205 1,273
Grants and subsidies 26 19 151 114
Liabilities 769 652 629 616
Financial liabilities 276 180 180 180
Long-term liabilities 181 125 119 108
Short-term liabilities 588 527 510 508
Equity and liabilities 2,231 2,214 2,230 2,284

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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% 9% -17% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.14 0.15 0.14
Current Ratio 0.00 1.71 1.65 2.02
Quick ratio 0.00 1.66 1.53 1.88
Turnover ratios
Asset turnover 0.00 2.20 1.86 2.06
Fixed asset turnover 0.00 3.60 3.09 3.54
Equity turnover 0.00 3.77 3.26 3.75
Profitability ratios
EBITDA margin 0% 6% 2% 8%
Operating profit margin 0% 1% -4% 2%
Net profit margin 0% 1% -3% 1%
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

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Financial statments

About the company

  • Official nameUAB „Palangos komunalinis ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code152409729
  • SectorOther
  • Line of businessUtilities
  • Representing institutionPalanga city municipality
  • Share belonging to the Municipal100%
https://www.palkom.eu/
ROE

5.5%

Number of employees

140

Financial data provided as at end-December 2020