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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Panevėžio gatvės“ was established on 31th of August, 1995. The company provides city streets, sidewalks, bridges, parks, small architecture operation and maintenance services, city lighting networks repair, city ring roads maintenance. Company’s regulated activities – city’s surface wastewater treatment system maintenance and repair, emergency oil spill liquidation on streets and water bodies, oil-contaminated sorbents removal, wastewater laboratory control. Other activity – non-residential premises rent.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 2,508 2,256 2,012 1,884
Cost of goods sold 2,220 1,831 1,675 1,632
Gross profit (loss) 288 425 337 252
Gross profit margin 11% 19% 17% 13%
Operating expenses 344 298 331 314
Operating profit (loss) -56 127 6 -62
Operating profit margin -2% 6% 0% -3%
EBITDA 25 208 81 24
EBITDA margin 1% 9% 4% 1%
Net profit (loss) -54 117 9 3
Net profit margin -2% 5% 0% 0%

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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 2,941 3,646 3,647 6,819
Intangible assets 0
Tangible assets 2,768 3,529 3,583 4,184
Financial assets
Other non-current assets 173 117 64 2,635
Current assets 833 1,014 1,370 1,635
Inventories and prepaid expenses 22 42 34 49
Accounts receivable in one year 31 178 146 335
Other current assets 61
Cash and cash equivalents 720 794 1,190 1,251
Total assets 3,778 4,849 5,081 8,461
Equity 953 1,070 1,079 1,047
Grants and subsidies 2,235 3,053 3,583 3,759
Liabilities 590 541 362 3,653
Financial liabilities 27
Long-term liabilities 173 117 61 2,657
Short-term liabilities 417 424 301 980
Equity and liabilities 3,778 4,849 5,081 8,461

* 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% 3% 0% 0%
Return on equity (ROE) -5% 12% 1% 0%
Return on capital employed (ROCE) -3% 6% 0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03
Current Ratio 2.00 2.39 4.55 1.67
Quick ratio 1.94 2.29 4.44 1.62
Turnover ratios
Asset turnover 0.93 0.52 0.41 0.28
Fixed asset turnover 1.40 0.69 0.55 0.36
Equity turnover 2.51 2.23 1.87 1.77
Profitability ratios
EBITDA margin 1% 9% 4% 1%
Operating profit margin -2% 6% 0% -3%
Net profit margin -2% 5% 0% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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 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

0.3%

Number of employees

74

Financial data provided as at end-December 2021