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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

2018 2019 2020 2021
Revenue 1,761 1,665 1,617 1,684
Cost of goods sold 1,453 1,501 1,427 1,527
Gross profit (loss) 308 165 190 157
Gross profit margin 18% 10% 12% 9%
Operating expenses 197 194 206 213
Operating profit (loss) 111 -29 -17 -56
Operating profit margin 6% -2% -1% -3%
EBITDA 479 355 417 426
EBITDA margin 27% 21% 26% 25%
Net profit (loss) 155 32 30 12
Net profit margin 9% 2% 2% 1%

Balance sheet

2018 2019 2020 2021
Non-current assets 10,233 11,613 13,336 13,144
Intangible assets 4 3 1 0
Tangible assets 10,229 11,610 13,335 13,144
Financial assets
Other non-current assets
Current assets 479 297 401 444
Inventories and prepaid expenses 19 38 55 67
Accounts receivable in one year 177 210 193 221
Other current assets
Cash and cash equivalents 283 49 153 156
Total assets 10,713 11,912 13,738 13,590
Equity 3,730 3,742 3,772 3,784
Grants and subsidies 6,440 6,797 8,463 8,088
Liabilities 543 1,373 1,503 1,718
Financial liabilities 680 1,063 1,147
Long-term liabilities 187 680 1,048 1,071
Short-term liabilities 356 693 455 647
Equity and liabilities 10,713 11,912 13,738 13,590

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 0% 0% 0%
Return on equity (ROE) 4% 1% 1% 0%
Return on capital employed (ROCE) 4% 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.28 0.30
Current Ratio 1.34 0.43 0.88 0.69
Quick ratio 1.29 0.37 0.76 0.58
Turnover ratios
Asset turnover 0.16 0.15 0.13 0.12
Fixed asset turnover 0.17 0.15 0.13 0.13
Equity turnover 0.48 0.45 0.43 0.45
Profitability ratios
EBITDA margin 27% 21% 26% 25%
Operating profit margin 6% -2% -1% -3%
Net profit margin 9% 2% 2% 1%
Other ratios
Dividends to the Municipality 20.00
Dividends paid / net profit 0.13

Financial statments

Expectations of the municipal

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://www.pasvaliovandenys.lt/
ROE

0.3%

Number of employees

43

Financial data provided as at end-December 2021