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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Palangos komunalinis ūkis is a limited liability company registered in the State Enterprise Register Center and started its activity on December 28, 1990. The main activity of the company is the provision of public utilities and other commercial services to the population, maintenance and management of the city’s municipal utilities.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 4,894 4,131 4,648 4,903
Cost of goods sold 4,565 3,922 4,213 4,544
Gross profit (loss) 328 209 435 359
Gross profit margin 7% 5% 9% 7%
Operating expenses 284 354 347 358
Operating profit (loss) 45 -145 87 1
Operating profit margin 1% -4% 2% 0%
EBITDA 290 92 355 295
EBITDA margin 6% 2% 8% 6%
Net profit (loss) 65 -127 68 4
Net profit margin 1% -3% 1% 0%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,300 1,377 1,247 1,199
Intangible assets 4 2 12 7
Tangible assets 1,269 1,326 1,194 1,150
Financial assets
Other non-current assets 28 49 41 41
Current assets 903 842 1,026 1,175
Inventories and prepaid expenses 31 64 70 82
Accounts receivable in one year 266 550 279 273
Other current assets
Cash and cash equivalents 606 228 678 820
Total assets 2,214 2,230 2,284 2,383
Equity 1,332 1,205 1,273 1,276
Grants and subsidies 19 151 114 80
Liabilities 652 629 616 724
Financial liabilities 180 180 180 247
Long-term liabilities 125 119 108 151
Short-term liabilities 527 510 508 573
Equity and liabilities 2,214 2,230 2,284 2,383

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 3% -6% 3% 0%
Return on equity (ROE) 5% -10% 5% 0%
Return on capital employed (ROCE) 9% -17% 10% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.15 0.14 0.19
Current Ratio 1.71 1.65 2.02 2.05
Quick ratio 1.66 1.53 1.88 1.91
Turnover ratios
Asset turnover 2.20 1.86 2.06 2.10
Fixed asset turnover 3.60 3.09 3.54 4.01
Equity turnover 3.77 3.26 3.75 3.85
Profitability ratios
EBITDA margin 6% 2% 8% 6%
Operating profit margin 1% -4% 2% 0%
Net profit margin 1% -3% 1% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

0.3%

Number of employees

141

Financial data provided as at end-December 2021