Palangos vandenys
On June 30, 2003, the company was re-registered from the Special Purpose Company to the Private Limited Liability Company “Palangos vandenys”. On October 10, 2008, the 100th anniversary of the centralized supply of drinking water to consumers in Palanga and the 55th anniversary of the establishment of a water supply company in Palanga was commemorated. The main activity is the supply of drinking water to Palanga city subscribers (consumers) from Palanga (second and third), Šventoji, Nemirseta and Būtingė wells.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 2,700 | 2,760 | 3,083 | 3,414 |
| Cost of goods sold | 1,907 | 2,046 | 2,309 | 3,029 |
| Gross profit (loss) | 792 | 715 | 774 | 385 |
| Gross profit margin | 29% | 26% | 25% | 11% |
| Operating expenses | 612 | 453 | 543 | 635 |
| Operating profit (loss) | -87 | -9 | -58 | -561 |
| Operating profit margin | -3% | -0% | -2% | -16% |
| EBITDA | 752 | 862 | 837 | 338 |
| EBITDA margin | 28% | 31% | 27% | 10% |
| Net profit (loss) | 15 | 62 | 41 | -447 |
| Net profit margin | 1% | 2% | 1% | -13% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 23,261 | 24,169 | 24,480 | 25,257 |
| Intangible assets | 2 | 1 | 1 | 6 |
| Tangible assets | 23,181 | 24,098 | 24,414 | 25,154 |
| Financial assets | ||||
| Other non-current assets | 78 | 70 | 66 | 96 |
| Current assets | 1,080 | 1,419 | 972 | 494 |
| Inventories and prepaid expenses | 73 | 132 | 115 | 101 |
| Accounts receivable in one year | 361 | 338 | 412 | 368 |
| Other current assets | 145 | 145 | 145 | 0 |
| Cash and cash equivalents | 502 | 804 | 301 | 25 |
| Total assets | 24,348 | 25,598 | 25,461 | 25,762 |
| Equity | 13,114 | 13,176 | 13,216 | 12,769 |
| Grants and subsidies | 10,889 | 12,024 | 11,818 | 12,302 |
| Liabilities | 345 | 398 | 427 | 689 |
| Financial liabilities | 0 | 0 | 0 | 84 |
| Long-term liabilities | 84 | |||
| Short-term liabilities | 345 | 398 | 427 | 605 |
| Equity and liabilities | 24,348 | 25,598 | 25,461 | 25,762 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | 0% | -2% |
| Return on equity (ROE) | 0% | 0% | 0% | -3% |
| Return on capital employed (ROCE) | -1% | -0% | -0% | -4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 3.13 | 3.56 | 2.28 | 0.82 |
| Quick ratio | 2.92 | 3.23 | 2.01 | 0.65 |
| Turnover ratios | ||||
| Asset turnover | 0.11 | 0.11 | 0.12 | 0.13 |
| Fixed asset turnover | 0.12 | 0.11 | 0.13 | 0.14 |
| Equity turnover | 0.21 | 0.21 | 0.23 | 0.27 |
| Profitability ratios | ||||
| EBITDA margin | 28% | 31% | 27% | 10% |
| Operating profit margin | -3% | -0% | -2% | -16% |
| Net profit margin | 1% | 2% | 1% | -13% |
| 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 vandenys“
- Legal formPrivate limited liability company (UAB)
- Company code152447391
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionPalanga city municipality
- Share belonging to the Municipal99.66%
ROE
-3.4%
Number of employees
86
Financial data provided as at end-December 2022
