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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB „Panevėžio butų ūkis“ was established on 27th of August, 1990. The main company’s activities are administration, maintenance (operation) and repair of common use facilities in multi-apartment buildings, non-residential premises and public facilities maintenance. Additional activity of the company is renting premises.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 2,611 2,643 2,797 2,903
Cost of goods sold 2,096 2,100 2,194 2,334
Gross profit (loss) 514 543 603 568
Gross profit margin 20% 21% 22% 20%
Operating expenses 490 512 571 546
Operating profit (loss) 24 31 32 23
Operating profit margin 1% 1% 1% 1%
EBITDA 82 90 110 117
EBITDA margin 3% 3% 4% 4%
Net profit (loss) 62 57 60 75
Net profit margin 2% 2% 2% 3%

* 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

2018 2019 2020 2021
Non-current assets 404 392 377 370
Intangible assets 14 19 22 20
Tangible assets 354 353 345 346
Financial assets 36 20 10 5
Other non-current assets
Current assets 3,727 3,734 3,938 4,269
Inventories and prepaid expenses 30 26 43 33
Accounts receivable in one year 981 993 974 1,021
Other current assets 153 155 153 60
Cash and cash equivalents 2,563 2,560 2,769 3,156
Total assets 4,134 4,129 4,318 4,642
Equity 837 877 920 977
Grants and subsidies
Liabilities 3,297 3,252 3,398 3,666
Financial liabilities 3,297 115 53 31
Long-term liabilities 25 5
Short-term liabilities 3,297 3,227 3,398 3,661
Equity and liabilities 4,134 4,129 4,318 4,642

* 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) 2% 1% 1% 2%
Return on equity (ROE) 8% 7% 7% 8%
Return on capital employed (ROCE) 13% 13% 17% 16%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 3.94 0.13 0.06 0.03
Current Ratio 1.13 1.16 1.16 1.17
Quick ratio 1.12 1.15 1.15 1.16
Turnover ratios
Asset turnover 0.63 0.64 0.66 0.65
Fixed asset turnover 6.43 6.65 7.28 7.76
Equity turnover 3.20 3.08 3.11 3.06
Profitability ratios
EBITDA margin 3% 3% 4% 4%
Operating profit margin 1% 1% 1% 1%
Net profit margin 2% 2% 2% 3%
Other ratios
Dividends to the Municipality 12.89 13.19 14.12 17.38
Dividends paid / net profit 0.21 0.23 0.23 0.23

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*** 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 nameAB „Panevėžio butų ūkis“
  • Legal formPublic limited liability company (AB)
  • Company code147146714
  • SectorOther
  • Line of businessApartment management
  • Representing institutionPanevėžys city municipality
  • Share belonging to the Municipal77.6%
http://www.pbu.lt/
ROE

7.9%

Number of employees

160

Financial data provided as at end-December 2021