Plungės vandenys
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% |
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 |
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 |
Financial statments
Expectations of the municipal
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%
ROE
-10.8%
Number of employees
67
Financial data provided as at end-December 2022
