Plungės būstas
SĮ „Plungės būstas“ was established on 20th of January, 2000. The main activities are the maintenance of common use objects in multi-apartment residential buildings, maintenance of land plots assigned to houses, and electrical maintenance. Other activities – sauna service, public toilet maintenance.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 441 | 550 | 510 | 581 |
| Cost of goods sold | 11 | 19 | 7 | 26 |
| Gross profit (loss) | 430 | 531 | 503 | 555 |
| Gross profit margin | 98% | 97% | 99% | 96% |
| Operating expenses | 461 | 588 | 563 | 613 |
| Operating profit (loss) | -31 | -57 | -61 | -58 |
| Operating profit margin | -7% | -10% | -12% | -10% |
| EBITDA | 8 | 16 | 27 | 46 |
| EBITDA margin | 2% | 3% | 5% | 8% |
| Net profit (loss) | 3 | 5 | 14 | 26 |
| Net profit margin | 1% | 1% | 3% | 5% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 490 | 486 | 491 | 477 |
| Intangible assets | 2 | 9 | 4 | 2 |
| Tangible assets | 488 | 478 | 487 | 475 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 1,397 | 1,483 | 1,231 | 1,180 |
| Inventories and prepaid expenses | 9 | 8 | 11 | 2 |
| Accounts receivable in one year | 431 | 421 | 274 | 285 |
| Other current assets | ||||
| Cash and cash equivalents | 957 | 1,054 | 947 | 893 |
| Total assets | 1,887 | 1,970 | 1,723 | 1,658 |
| Equity | 756 | 759 | 710 | 732 |
| Grants and subsidies | ||||
| Liabilities | 1,131 | 1,211 | 1,013 | 927 |
| Financial liabilities | 0 | 0 | 0 | 0 |
| Long-term liabilities | ||||
| Short-term liabilities | 1,131 | 1,211 | 1,013 | 927 |
| Equity and liabilities | 1,887 | 1,970 | 1,723 | 1,659 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | 1% | 2% |
| Return on equity (ROE) | 0% | 1% | 2% | 4% |
| Return on capital employed (ROCE) | -4% | -7% | -9% | -8% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 1.24 | 1.22 | 1.22 | 1.27 |
| Quick ratio | 1.23 | 1.22 | 1.20 | 1.27 |
| Turnover ratios | ||||
| Asset turnover | 0.23 | 0.28 | 0.30 | 0.35 |
| Fixed asset turnover | 0.90 | 1.13 | 1.04 | 1.22 |
| Equity turnover | 0.58 | 0.72 | 0.72 | 0.79 |
| Profitability ratios | ||||
| EBITDA margin | 2% | 3% | 5% | 8% |
| Operating profit margin | -7% | -10% | -12% | -10% |
| Net profit margin | 1% | 1% | 3% | 5% |
| Other ratios | ||||
| Dividends to the Municipality | 2.30 | 4.50 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.85 | 0.85 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameSĮ „Plungės būstas“
- Legal formMunicipality enterprise (SĮ)
- Company code271042320
- SectorOther
- Line of businessApartment management
- Representing institutionPlungė district municipality
- Share belonging to the Municipal100%
ROE
3.7%
Number of employees
22
Financial data provided as at end-December 2023
Management
- Eugenijus PalubinskasChief Executive Officer
Information as of: 2024/04/30
