Panevėžio butų ūkis
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 2,643 | 2,797 | 2,903 | 3,260 |
| Cost of goods sold | 2,100 | 2,194 | 2,334 | 2,630 |
| Gross profit (loss) | 543 | 603 | 568 | 630 |
| Gross profit margin | 21% | 22% | 20% | 19% |
| Operating expenses | 512 | 571 | 546 | 625 |
| Operating profit (loss) | 31 | 32 | 23 | 5 |
| Operating profit margin | 1% | 1% | 1% | 0% |
| EBITDA | 90 | 110 | 117 | 103 |
| EBITDA margin | 3% | 4% | 4% | 3% |
| Net profit (loss) | 57 | 60 | 75 | 51 |
| Net profit margin | 2% | 2% | 3% | 2% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 392 | 377 | 370 | 394 |
| Intangible assets | 19 | 22 | 20 | 15 |
| Tangible assets | 353 | 345 | 346 | 380 |
| Financial assets | 20 | 10 | 5 | |
| Other non-current assets | ||||
| Current assets | 3,734 | 3,938 | 4,269 | 4,444 |
| Inventories and prepaid expenses | 26 | 43 | 33 | 38 |
| Accounts receivable in one year | 993 | 974 | 1,021 | 1,153 |
| Other current assets | 155 | 153 | 60 | 60 |
| Cash and cash equivalents | 2,560 | 2,769 | 3,156 | 3,193 |
| Total assets | 4,129 | 4,318 | 4,642 | 4,842 |
| Equity | 877 | 920 | 977 | 1,006 |
| Grants and subsidies | ||||
| Liabilities | 3,252 | 3,398 | 3,666 | 3,837 |
| Financial liabilities | 115 | 53 | 31 | 21 |
| Long-term liabilities | 25 | 5 | ||
| Short-term liabilities | 3,227 | 3,398 | 3,661 | 3,837 |
| Equity and liabilities | 4,129 | 4,318 | 4,642 | 4,842 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 1% | 2% | 1% |
| Return on equity (ROE) | 7% | 7% | 8% | 5% |
| Return on capital employed (ROCE) | 3% | 3% | 2% | 1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.03 | 0.01 | 0.01 | 0.00 |
| Current Ratio | 1.16 | 1.16 | 1.17 | 1.16 |
| Quick ratio | 1.15 | 1.15 | 1.16 | 1.15 |
| Turnover ratios | ||||
| Asset turnover | 0.64 | 0.65 | 0.63 | 0.67 |
| Fixed asset turnover | 6.75 | 7.42 | 7.84 | 8.26 |
| Equity turnover | 3.01 | 3.04 | 2.97 | 3.24 |
| Profitability ratios | ||||
| EBITDA margin | 3% | 4% | 4% | 3% |
| Operating profit margin | 1% | 1% | 1% | 0% |
| Net profit margin | 2% | 2% | 3% | 2% |
| Other ratios | ||||
| Dividends to the Municipality | 13.19 | 14.12 | 17.38 | 12.18 |
| Dividends paid / net profit | 0.23 | 0.23 | 0.23 | 0.24 |
Financial statments
Expectations of the municipal
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%
Return to the Municipality
12 EUR thousand
ROE
5.2%
Number of employees
157
Financial data provided as at end-December 2022
