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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

2019 2020 2021 2022
Revenue 1,663 1,891 1,998 2,443
Cost of goods sold 1,252 1,582 1,369 1,634
Gross profit (loss) 412 309 628 809
Gross profit margin 25% 16% 31% 33%
Operating expenses 291 360 422 487
Operating profit (loss) -108 -173 -42 71
Operating profit margin -7% -9% -2% 3%
EBITDA 37 -26 209 268
EBITDA margin 2% -1% 10% 11%
Net profit (loss) -113 -166 55 112
Net profit margin -7% -9% 3% 5%

Balance sheet

2019 2020 2021 2022
Non-current assets 1,054 2,946 2,750 3,069
Intangible assets 2 1 0 0
Tangible assets 777 2,945 2,750 3,069
Financial assets
Other non-current assets 275
Current assets 647 959 1,701 2,076
Inventories and prepaid expenses 31 24 487 660
Accounts receivable in one year 294 372 244 353
Other current assets
Cash and cash equivalents 323 563 970 1,064
Total assets 1,703 3,908 4,456 5,153
Equity 1,168 895 1,201 1,363
Grants and subsidies 172 2,232 2,474 2,858
Liabilities 363 782 781 932
Financial liabilities 213 242 207 247
Long-term liabilities 149 172 119 176
Short-term liabilities 215 610 662 756
Equity and liabilities 1,703 3,908 4,456 5,153

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -7% -6% 1% 2%
Return on equity (ROE) -9% -16% 5% 9%
Return on capital employed (ROCE) -8% -16% -3% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.13 0.06 0.05 0.05
Current Ratio 3.01 1.57 2.57 2.75
Quick ratio 2.87 1.53 1.83 1.87
Turnover ratios
Asset turnover 0.98 0.48 0.45 0.47
Fixed asset turnover 1.58 0.64 0.73 0.80
Equity turnover 1.42 2.11 1.66 1.79
Profitability ratios
EBITDA margin 2% -1% 10% 11%
Operating profit margin -7% -9% -2% 3%
Net profit margin -7% -9% 3% 5%
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

Expectations of the municipal

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%
https://rkp.lt/
ROE

8.8%

Number of employees

100

Financial data provided as at end-December 2022

Management

  • Sigitas KleišmantasChief Executive Officer

Information as of: 4/30/2023