Palangos komunalinis ūkis
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 4,131 | 4,648 | 4,903 | 5,702 |
| Cost of goods sold | 3,922 | 4,213 | 4,544 | 5,412 |
| Gross profit (loss) | 209 | 435 | 359 | 290 |
| Gross profit margin | 5% | 9% | 7% | 5% |
| Operating expenses | 354 | 347 | 358 | 407 |
| Operating profit (loss) | -145 | 87 | 1 | -117 |
| Operating profit margin | -4% | 2% | 0% | -2% |
| EBITDA | 92 | 355 | 295 | 208 |
| EBITDA margin | 2% | 8% | 6% | 4% |
| Net profit (loss) | -127 | 68 | 4 | -90 |
| Net profit margin | -3% | 1% | 0% | -2% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 1,377 | 1,247 | 1,199 | 1,286 |
| Intangible assets | 2 | 12 | 7 | 5 |
| Tangible assets | 1,326 | 1,194 | 1,150 | 1,225 |
| Financial assets | ||||
| Other non-current assets | 49 | 41 | 41 | 56 |
| Current assets | 842 | 1,026 | 1,175 | 1,106 |
| Inventories and prepaid expenses | 64 | 70 | 82 | 121 |
| Accounts receivable in one year | 550 | 279 | 273 | 220 |
| Other current assets | ||||
| Cash and cash equivalents | 228 | 678 | 820 | 766 |
| Total assets | 2,230 | 2,284 | 2,383 | 2,402 |
| Equity | 1,205 | 1,273 | 1,276 | 1,186 |
| Grants and subsidies | 151 | 114 | 80 | 53 |
| Liabilities | 629 | 616 | 724 | 831 |
| Financial liabilities | 180 | 180 | 247 | 266 |
| Long-term liabilities | 119 | 108 | 151 | 190 |
| Short-term liabilities | 510 | 508 | 573 | 641 |
| Equity and liabilities | 2,230 | 2,284 | 2,384 | 2,402 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -6% | 3% | 0% | -4% |
| Return on equity (ROE) | -10% | 5% | 0% | -7% |
| Return on capital employed (ROCE) | -11% | 6% | 0% | -8% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.08 | 0.08 | 0.10 | 0.11 |
| Current Ratio | 1.65 | 2.02 | 2.05 | 1.73 |
| Quick ratio | 1.53 | 1.88 | 1.91 | 1.54 |
| Turnover ratios | ||||
| Asset turnover | 1.85 | 2.04 | 2.06 | 2.37 |
| Fixed asset turnover | 3.00 | 3.73 | 4.09 | 4.44 |
| Equity turnover | 3.43 | 3.65 | 3.84 | 4.81 |
| Profitability ratios | ||||
| EBITDA margin | 2% | 8% | 6% | 4% |
| Operating profit margin | -4% | 2% | 0% | -2% |
| Net profit margin | -3% | 1% | 0% | -2% |
| 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 |
Financial statments
Expectations of the municipal
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%
ROE
-7.3%
Number of employees
143
Financial data provided as at end-December 2022
Management
- Gediminas ValinevičiusChief Executive Officer
Information as of: 4/30/2023
