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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB ,,Panevėžio būstas“ was established on 28th of January, 1991. The company’s main activities are administration and maintenance of common use objects in multi-apartment buildings, regular maintenance of multi-apartment houses, maintenance of heating points, repair works, administration of recreation areas.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 568 577 510 544
Cost of goods sold 376 372 318 347
Gross profit (loss) 192 206 192 196
Gross profit margin 34% 36% 38% 36%
Operating expenses 175 176 172 168
Operating profit (loss) 17 29 21 29
Operating profit margin 3% 5% 4% 5%
EBITDA 62 52 40 51
EBITDA margin 11% 9% 8% 9%
Net profit (loss) 19 26 19 25
Net profit margin 3% 4% 4% 5%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 62 43 63 68
Intangible assets 0 1 1
Tangible assets 61 43 62 68
Financial assets
Other non-current assets
Current assets 529 644 645 747
Inventories and prepaid expenses 2 3 4 6
Accounts receivable in one year 148 156 158 172
Other current assets 89 89 90 90
Cash and cash equivalents 290 395 394 479
Total assets 592 689 710 817
Equity 253 273 284 304
Grants and subsidies
Liabilities 339 416 426 513
Financial liabilities
Long-term liabilities
Short-term liabilities 339 416 426 513
Equity and liabilities 592 689 710 817

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 3% 4% 3% 3%
Return on equity (ROE) 8% 10% 7% 9%
Return on capital employed (ROCE) 17% 21% 15% 19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.56 1.55 1.51 1.45
Quick ratio 1.55 1.54 1.50 1.44
Turnover ratios
Asset turnover 0.99 0.90 0.73 0.71
Fixed asset turnover 6.93 11.00 9.57 8.28
Equity turnover 2.30 2.19 1.83 1.85
Profitability ratios
EBITDA margin 11% 9% 8% 9%
Operating profit margin 3% 5% 4% 5%
Net profit margin 3% 4% 4% 5%
Other ratios
Dividends to the Municipality 5.60 5.60 5.60 7.50
Dividends paid / net profit 0.30 0.22 0.30 0.30

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Panevėžio būstas“
  • Legal formPrivate limited liability company (UAB)
  • Company code147146333
  • SectorOther
  • Line of businessApartment management
  • Representing institutionPanevėžys city municipality
  • Share belonging to the Municipal100%
https://panbustas.lt/
ROE

8.5%

Number of employees

31

Financial data provided as at end-December 2021