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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

2018 2019 2020 2021
Revenue 2,562 2,687 2,421 2,618
Cost of goods sold 1,570 1,604 1,605 1,815
Gross profit (loss) 992 1,083 815 803
Gross profit margin 39% 40% 34% 31%
Operating expenses 608 734 686 810
Operating profit (loss) 384 349 130 -7
Operating profit margin 15% 13% 5% -0%
EBITDA 671 631 446 324
EBITDA margin 26% 23% 18% 12%
Net profit (loss) 422 341 139 -12
Net profit margin 16% 13% 6% -0%

Balance sheet

2018 2019 2020 2021
Non-current assets 30,918 32,178 31,834 31,588
Intangible assets 13 13 9 5
Tangible assets 30,867 32,126 31,770 31,529
Financial assets
Other non-current assets 39 39 55 55
Current assets 849 859 828 948
Inventories and prepaid expenses 49 45 41 61
Accounts receivable in one year 298 340 301 266
Other current assets
Cash and cash equivalents 502 474 487 622
Total assets 31,769 33,038 32,666 32,541
Equity 5,787 6,128 6,266 6,254
Grants and subsidies 24,611 25,371 24,970 24,362
Liabilities 1,371 1,539 1,430 1,925
Financial liabilities 518 1,096 1,152 1,387
Long-term liabilities 518 1,096 1,152 1,292
Short-term liabilities 853 443 279 633
Equity and liabilities 31,769 33,038 32,666 32,541

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 1% 0% -0%
Return on equity (ROE) 8% 6% 2% -0%
Return on capital employed (ROCE) 3% 2% 1% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.09 0.18 0.18 0.22
Current Ratio 1.00 1.94 2.97 1.50
Quick ratio 0.94 1.84 2.83 1.40
Turnover ratios
Asset turnover 0.08 0.08 0.07 0.08
Fixed asset turnover 0.09 0.09 0.08 0.08
Equity turnover 0.46 0.45 0.39 0.42
Profitability ratios
EBITDA margin 26% 23% 18% 12%
Operating profit margin 15% 13% 5% -0%
Net profit margin 16% 13% 6% -0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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%
http://plungesvandenys.lt/
ROE

-0.2%

Number of employees

67

Financial data provided as at end-December 2021