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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

The company was registered as a district public water supply company on June 2, 1992. On May 17, 1995 it became a special-purpose joint-stock company and on December 27, 2001 it was reorganised into a special-purpose private limited liability company. UAB Plungės vandenys has been registered since February 6, 2003. Its main activities are the extraction, preparation and delivery of drinking water and the collection, treatment and disposal of wastewater, sludge and surface wastewater management, servicing of cold water meters, laboratory testing of sewage, design work for water and wastewater networks, repair of water supply networks for common use in multi-apartment dwellings and the construction of new water and wastewater networks, the installation of inlets/outlets. Other activities – renting of buildings to communications companies, disposal of fixed assets and other activities – laboratory services, transport services, scrap metal and other waste, repair of water supply networks, installation of metering devices, repair of wastewater networks, etc.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 2,687 2,421 2,618 2,545
Cost of goods sold 1,604 1,605 1,815 2,427
Gross profit (loss) 1,083 815 803 118
Gross profit margin 40% 34% 31% 5%
Operating expenses 526 626 740 873
Operating profit (loss) 349 130 -7 -802
Operating profit margin 13% 5% -0% -32%
EBITDA 631 446 324 -453
EBITDA margin 23% 18% 12% -18%
Net profit (loss) 341 139 -12 -811
Net profit margin 13% 6% -0% -32%

* 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 32,178 31,834 31,588 33,759
Intangible assets 13 9 5 2
Tangible assets 32,126 31,770 31,529 33,703
Financial assets
Other non-current assets 39 55 55 55
Current assets 859 828 948 359
Inventories and prepaid expenses 45 41 61 39
Accounts receivable in one year 340 301 266 265
Other current assets
Cash and cash equivalents 474 487 622 55
Total assets 33,038 32,666 32,541 34,123
Equity 6,128 6,266 6,254 8,735
Grants and subsidies 25,371 24,970 24,362 23,631
Liabilities 1,539 1,430 1,925 1,757
Financial liabilities 1,096 1,152 1,387 1,362
Long-term liabilities 1,096 1,152 1,292 1,260
Short-term liabilities 443 279 633 497
Equity and liabilities 33,038 32,666 32,541 34,123

* 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) 1% 0% -0% -2%
Return on equity (ROE) 6% 2% -0% -11%
Return on capital employed (ROCE) 5% 2% -0% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.04 0.04 0.04
Current Ratio 1.94 2.97 1.50 0.72
Quick ratio 1.84 2.83 1.40 0.64
Turnover ratios
Asset turnover 0.08 0.07 0.08 0.07
Fixed asset turnover 0.08 0.08 0.08 0.08
Equity turnover 0.44 0.39 0.42 0.29
Profitability ratios
EBITDA margin 23% 18% 12% -18%
Operating profit margin 13% 5% -0% -32%
Net profit margin 13% 6% -0% -32%
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

* Left axis

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*** 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 „Plungės vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code169845485
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionPlungė district municipality
  • Share belonging to the Municipal100%
https://plungesvandenys.lt/
ROE

-10.8%

Number of employees

67

Financial data provided as at end-December 2022

Management

  • Alvydas JasevičiusChief Executive Officer

Information as of: 4/30/2023