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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

2019 2020 2021 2022
Revenue 577 510 544 638
Cost of goods sold 372 318 347 419
Gross profit (loss) 206 192 196 219
Gross profit margin 36% 38% 36% 34%
Operating expenses 176 172 168 205
Operating profit (loss) 29 21 29 14
Operating profit margin 5% 4% 5% 2%
EBITDA 52 40 51 56
EBITDA margin 9% 8% 9% 9%
Net profit (loss) 26 19 25 25
Net profit margin 4% 4% 5% 4%

* Left axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 43 63 68 109
Intangible assets 1 1 0
Tangible assets 43 62 68 108
Financial assets
Other non-current assets
Current assets 644 645 747 774
Inventories and prepaid expenses 3 4 6 6
Accounts receivable in one year 156 158 172 206
Other current assets 89 90 90
Cash and cash equivalents 395 394 479 562
Total assets 689 710 817 884
Equity 273 284 304 321
Grants and subsidies
Liabilities 416 426 513 563
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 416 426 513 563
Equity and liabilities 689 710 817 884

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 4% 3% 3% 3%
Return on equity (ROE) 10% 7% 9% 8%
Return on capital employed (ROCE) 11% 7% 9% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.55 1.51 1.45 1.37
Quick ratio 1.54 1.50 1.44 1.36
Turnover ratios
Asset turnover 0.84 0.72 0.67 0.72
Fixed asset turnover 13.33 8.07 7.97 5.88
Equity turnover 2.11 1.79 1.79 1.99
Profitability ratios
EBITDA margin 9% 8% 9% 9%
Operating profit margin 5% 4% 5% 2%
Net profit margin 4% 4% 5% 4%
Other ratios
Dividends to the Municipality 5.60 5.60 7.50 7.30
Dividends paid / net profit 0.22 0.30 0.30 0.30

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

Financial statments

2021 m. metinės ataskaitos
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/
Return to the Municipality

7 EUR thousand

ROE

7.9%

Number of employees

28

Financial data provided as at end-December 2022

Management

  • Renaldas JanuškaChief Executive Officer

Information as of: 4/30/2023