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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Raseinių komunalinės paslaugos was registered on November 22, 1990. The main activities of the company are collection, management, disposal of waste, maintenance of roads, streets and territories in all seasons, cleaning of territories, landscaping, cemetery care, operation of gravel pits and other similar services. Additional activities of the company are the operation of commercial sites, rental of premises and other atypical services.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,603 1,663 1,891 1,998
Cost of goods sold 1,547 1,252 1,582 1,369
Gross profit (loss) 56 412 309 629
Gross profit margin 3% 25% 16% 31%
Operating expenses 301 520 482 671
Operating profit (loss) -245 -108 -173 -42
Operating profit margin -15% -7% -9% -2%
EBITDA -65 37 -26 205
EBITDA margin -4% 2% -1% 10%
Net profit (loss) -258 -113 -166 55
Net profit margin -16% -7% -9% 3%

Balance sheet

2018 2019 2020 2021
Non-current assets 917 1,054 2,946 2,750
Intangible assets 2 1 1
Tangible assets 866 777 2,945 2,750
Financial assets
Other non-current assets 51 275
Current assets 831 647 959 1,701
Inventories and prepaid expenses 140 31 24 487
Accounts receivable in one year 146 294 372 244
Other current assets
Cash and cash equivalents 545 323 563 970
Total assets 1,751 1,703 3,908 4,456
Equity 1,214 1,168 895 1,201
Grants and subsidies 109 172 2,232 2,474
Liabilities 428 363 782 781
Financial liabilities 299 213 242 119
Long-term liabilities 299 149 172 119
Short-term liabilities 129 215 610 662
Equity and liabilities 1,751 1,703 3,908 4,456

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -15% -7% -6% 1%
Return on equity (ROE) -20% -9% -16% 5%
Return on capital employed (ROCE) -29% -14% -9% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.25 0.18 0.27 0.10
Current Ratio 6.43 3.01 1.57 2.57
Quick ratio 5.35 2.87 1.53 1.83
Turnover ratios
Asset turnover 0.91 0.96 0.67 0.48
Fixed asset turnover 1.87 1.69 0.95 0.70
Equity turnover 1.25 1.40 1.83 1.91
Profitability ratios
EBITDA margin -4% 2% -1% 10%
Operating profit margin -15% -7% -9% -2%
Net profit margin -16% -7% -9% 3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

About the company

  • Official nameUAB „Raseinių komunalinės paslaugos“
  • Legal formPrivate limited liability company (UAB)
  • Company code172208281
  • SectorOther
  • Line of businessUtilities
  • Representing institutionRaseiniai district municipality
  • Share belonging to the Municipal100%
http://www.rkp.lt/
ROE

5.2%

Number of employees

94

Financial data provided as at end-December 2021