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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 312 304 441 550
Cost of goods sold 311 303 11 19
Gross profit (loss) 0 0 430 531
Gross profit margin 0% 0% 98% 97%
Operating expenses 462 588
Operating profit (loss) 0 0 -31 -57
Operating profit margin 0% 0% -7% -10%
EBITDA 18 18 8 16
EBITDA margin 6% 6% 2% 3%
Net profit (loss) 1 1 3 5
Net profit margin 0% 0% 1% 1%

* Left axis

** Right axis

*** 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 535 493 490 486
Intangible assets 2 9
Tangible assets 535 493 488 478
Financial assets
Other non-current assets
Current assets 1,062 1,136 1,397 1,483
Inventories and prepaid expenses 11 11 9 8
Accounts receivable in one year 365 390 431 421
Other current assets
Cash and cash equivalents 686 734 957 1,054
Total assets 1,597 1,628 1,887 1,970
Equity 785 754 756 759
Grants and subsidies
Liabilities 812 874 1,131 1,211
Financial liabilities
Long-term liabilities
Short-term liabilities 812 874 1,131 1,211
Equity and liabilities 1,597 1,628 1,887 1,970

* 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) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 1%
Return on capital employed (ROCE) 0% 0% -1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.31 1.30 1.24 1.22
Quick ratio 1.29 1.29 1.23 1.22
Turnover ratios
Asset turnover 0.22 0.19 0.25 0.29
Fixed asset turnover 0.57 0.59 0.90 1.13
Equity turnover 0.40 0.39 0.58 0.73
Profitability ratios
EBITDA margin 6% 6% 2% 3%
Operating profit margin 0% 0% -7% -10%
Net profit margin 0% 0% 1% 1%
Other ratios
Dividends to the Municipality 2.27 0.80 2.30 4.50
Dividends paid / net profit 3.78 0.80 0.85 0.85

* Left axis

** Right axis

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

Financial statments

2020 m. metinės ataskaitos

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%
https://pbustas.lt/
ROE

0.7%

Number of employees

21

Financial data provided as at end-December 2021