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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,565 2,508 2,256 2,012
Cost of goods sold 2,134 2,220 1,831 1,675
Gross profit (loss) 431 288 425 337
Gross profit margin 17% 11% 19% 17%
Operating expenses 349 344 298 331
Operating profit (loss) 81 -56 127 6
Operating profit margin 3% -2% 6% 0%
EBITDA 143 25 208 81
EBITDA margin 6% 1% 9% 4%
Net profit (loss) 70 -54 117 9
Net profit margin 3% -2% 5% 0%

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Balance sheet

2017 2018 2019 2020
Non-current assets 630 2,941 3,646 3,647
Intangible assets
Tangible assets 630 2,768 3,529 3,583
Financial assets
Other non-current assets 173 117 64
Current assets 959 833 1,014 1,370
Inventories and prepaid expenses 20 22 42 34
Accounts receivable in one year 71 31 178 146
Other current assets 61
Cash and cash equivalents 868 720 794 1,190
Total assets 1,593 3,778 4,849 5,081
Equity 1,043 953 1,070 1,079
Grants and subsidies 342 2,235 3,053 3,583
Liabilities 208 590 541 362
Financial liabilities
Long-term liabilities 173 117 61
Short-term liabilities 208 417 424 301
Equity and liabilities 1,593 3,778 4,849 5,081

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) -2% 3% 0%
Return on equity (ROE) -5% 12% 1%
Return on capital employed (ROCE) -3% 6% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.00 2.39 4.55
Quick ratio 1.94 2.29 4.44
Turnover ratios
Asset turnover 0.93 0.52 0.41
Fixed asset turnover 1.40 0.69 0.55
Equity turnover 2.51 2.23 1.87
Profitability ratios
EBITDA margin 1% 9% 4%
Operating profit margin -2% 6% 0%
Net profit margin -2% 5% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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Expectations of the municipal

About the company

  • Official nameUAB „Panevėžio gatvės“
  • Legal formPrivate limited liability company (UAB)
  • Company code147026330
  • SectorOther
  • Line of businessMaintenance of public areas
  • Representing institutionPanevėžys city municipality
  • Share belonging to the Municipal93.7%
https://pangatves.lt/
ROE

0.8%

Number of employees

74

Financial data provided as at end-December 2019

Management

  • Arvydas ZapalskisDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Jokūbas Leipus

MEMBERS OF THE BOARD OF DIRECTORS

  • Daina Pilkauskienė
  • Darius Linkonas
  • Orijana Mašalė
  • Romanas Kančiauskas
  • Valdas Kavaliauskas

Information as of: 2021/06/01