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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Pasvalio vandenys” was registered on April 24, 1996. The main activities of the Company are water collection, treatment and distribution, sewage and waste disposal, sanitation and similar activities. Additional activities of the Company – plumbing works, property rental, which occupies a small part of the Company’s activities.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 1,665 1,617 1,684 1,666
Cost of goods sold 1,501 1,427 1,527 1,780
Gross profit (loss) 165 190 157 -114
Gross profit margin 10% 12% 9% -7%
Operating expenses 194 206 213 258
Operating profit (loss) -29 -17 -56 -372
Operating profit margin -2% -1% -3% -22%
EBITDA 355 417 426 247
EBITDA margin 21% 26% 25% 15%
Net profit (loss) 32 30 12 -284
Net profit margin 2% 2% 1% -17%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 11,613 13,336 13,144 13,210
Intangible assets 3 1 0 16
Tangible assets 11,610 13,335 13,144 13,194
Financial assets
Other non-current assets
Current assets 297 401 444 330
Inventories and prepaid expenses 38 55 67 55
Accounts receivable in one year 210 193 221 196
Other current assets
Cash and cash equivalents 49 153 156 78
Total assets 11,912 13,738 13,590 13,542
Equity 3,742 3,772 3,784 3,500
Grants and subsidies 6,797 8,463 8,088 7,507
Liabilities 1,373 1,503 1,718 2,536
Financial liabilities 680 1,063 1,147 1,166
Long-term liabilities 680 1,048 1,071 1,077
Short-term liabilities 693 455 647 1,458
Equity and liabilities 11,912 13,738 13,590 13,542

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% 0% 0% -2%
Return on equity (ROE) 1% 1% 0% -8%
Return on capital employed (ROCE) -1% -0% -1% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.08 0.08 0.09
Current Ratio 0.43 0.88 0.69 0.23
Quick ratio 0.37 0.76 0.58 0.19
Turnover ratios
Asset turnover 0.14 0.12 0.12 0.12
Fixed asset turnover 0.14 0.12 0.13 0.13
Equity turnover 0.45 0.43 0.45 0.48
Profitability ratios
EBITDA margin 21% 26% 25% 15%
Operating profit margin -2% -1% -3% -22%
Net profit margin 2% 2% 1% -17%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

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** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Pasvalio vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code169236961
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionPasvalys district municipality
  • Share belonging to the Municipal100%
https://pasvaliovandenys.lt/
ROE

-7.8%

Number of employees

42

Financial data provided as at end-December 2022

Management

  • Algimantas MataitisChief Executive Officer

Information as of: 4/30/2023