• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,559 2,636 2,700 2,760
Cost of goods sold 1,764 1,915 1,907 2,046
Gross profit (loss) 794 721 792 715
Gross profit margin 31% 27% 29% 26%
Operating expenses 822 750 880 724
Operating profit (loss) -28 -29 -87 -9
Operating profit margin -1% -1% -3% -0%
EBITDA 460 717 752 862
EBITDA margin 18% 27% 28% 31%
Net profit (loss) 25 46 15 62
Net profit margin 1% 2% 1% 2%

Warning: Invalid argument supplied for foreach() in /home/sipa/domains/governance.lt/public_html/wp-content/themes/itbrolis/single-svi.php on line 127

Warning: Invalid argument supplied for foreach() in /home/sipa/domains/governance.lt/public_html/wp-content/themes/itbrolis/single-svi.php on line 134

Balance sheet

2017 2018 2019 2020
Non-current assets 23,573 23,502 23,261 24,169
Intangible assets 8 6 2 1
Tangible assets 23,471 23,423 23,181 24,098
Financial assets
Other non-current assets 95 73 78 70
Current assets 1,176 1,030 1,080 1,419
Inventories and prepaid expenses 129 133 73 132
Accounts receivable in one year 412 468 361 338
Other current assets 145 145 145 145
Cash and cash equivalents 490 284 502 804
Total assets 24,749 24,532 24,348 25,598
Equity 13,043 13,099 13,114 13,176
Grants and subsidies 11,378 11,122 10,889 12,024
Liabilities 328 312 345 398
Financial liabilities
Long-term liabilities 28 28
Short-term liabilities 301 284 345 398
Equity and liabilities 24,749 24,532 24,348 25,598

Warning: Invalid argument supplied for foreach() in /home/sipa/domains/governance.lt/public_html/wp-content/themes/itbrolis/single-svi.php on line 234

Warning: Invalid argument supplied for foreach() in /home/sipa/domains/governance.lt/public_html/wp-content/themes/itbrolis/single-svi.php on line 241

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0%
Return on equity (ROE) 0% 0% 0%
Return on capital employed (ROCE) 0% 0% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.62 3.13 3.56
Quick ratio 3.16 2.92 3.23
Turnover ratios
Asset turnover 0.11 0.11 0.11
Fixed asset turnover 0.11 0.12 0.12
Equity turnover 0.20 0.21 0.21
Profitability ratios
EBITDA margin 27% 28% 31%
Operating profit margin -1% -3% -0%
Net profit margin 2% 1% 2%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Warning: Invalid argument supplied for foreach() in /home/sipa/domains/governance.lt/public_html/wp-content/themes/itbrolis/single-svi.php on line 376

Warning: Invalid argument supplied for foreach() in /home/sipa/domains/governance.lt/public_html/wp-content/themes/itbrolis/single-svi.php on line 383

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 Municipal99.7%
https://www.palangosvandenys.lt/
ROE

0.5%

Number of employees

99

Financial data provided as at end-December 2019

Management

  • Virgilijus BeržanskisDirector General

Information as of: 2021/06/01