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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB ,,Pasvalio butų ūkis” was established on 26th of February, 1993. The main activities are the maintenance of common use objects in multi-apartment residential buildings, maintenance of heating and hot water systems, Municipal property rent administration.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 175 146 165 158
Cost of goods sold 85 74 79 84
Gross profit (loss) 90 72 86 73
Gross profit margin 51% 49% 52% 47%
Operating expenses 84 85 85 79
Operating profit (loss) 6 -13 1 -6
Operating profit margin 3% -9% 0% -4%
EBITDA 7 -12 2 -5
EBITDA margin 4% -8% 1% -3%
Net profit (loss) 4 -13 1 -5
Net profit margin 2% -9% 1% -3%

Balance sheet

2018 2019 2020 2021
Non-current assets 6 7 6 5
Intangible assets
Tangible assets 6 7 6 5
Financial assets
Other non-current assets
Current assets 244 223 302 279
Inventories and prepaid expenses 5 3 3 5
Accounts receivable in one year 47 41 40 34
Other current assets
Cash and cash equivalents 191 180 260 241
Total assets 251 231 309 286
Equity 52 40 40 36
Grants and subsidies
Liabilities 199 192 268 250
Financial liabilities
Long-term liabilities 9 6 4 2
Short-term liabilities 190 185 265 249
Equity and liabilities 251 231 309 286

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% -5% 0% -2%
Return on equity (ROE) 8% -27% 2% -13%
Return on capital employed (ROCE) 19% -58% 3% -32%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.28 1.21 1.14 1.12
Quick ratio 1.26 1.19 1.13 1.10
Turnover ratios
Asset turnover 0.64 0.61 0.61 0.53
Fixed asset turnover 42.14 23.93 26.34 28.94
Equity turnover 3.51 3.19 4.12 4.15
Profitability ratios
EBITDA margin 4% -8% 1% -3%
Operating profit margin 3% -9% 0% -4%
Net profit margin 2% -9% 1% -3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Pasvalio butų ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code169176222
  • SectorOther
  • Line of businessApartment management
  • Representing institutionPasvalys district municipality
  • Share belonging to the Municipal100%
http://www.pasvaliobu.lt/
ROE

-12.6%

Number of employees

14

Financial data provided as at end-December 2021