Raseinių vandenys
UAB Raseinių vandenys was registered on June 22, 1995. Its main activity is the supply of drinking water and the collection of wastewater, wastewater treatment to the DLT (maximum allowable pollution level) before discharge into open water bodies. The company supplies drinking water and treats wastewater to Raseiniai municipal residents, industrial and other companies and organisations. The company is not only a technological but also an environmental company, treating wastewater from the city and its settlements, thus protecting not only the city and its settlements, but also the rivers and open water bodies from contamination.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 1,638 | 1,608 | 1,712 | 1,690 |
| Cost of goods sold | 1,206 | 1,139 | 1,465 | 1,831 |
| Gross profit (loss) | 431 | 469 | 247 | -141 |
| Gross profit margin | 26% | 29% | 14% | -8% |
| Operating expenses | 594 | 446 | 505 | 1,011 |
| Operating profit (loss) | -314 | -104 | -374 | -1,243 |
| Operating profit margin | -19% | -6% | -22% | -74% |
| EBITDA | 634 | 367 | 283 | -682 |
| EBITDA margin | 39% | 23% | 17% | -40% |
| Net profit (loss) | 187 | 13 | -174 | -1,123 |
| Net profit margin | 11% | 1% | -10% | -66% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 24,491 | 24,709 | 25,757 | 25,270 |
| Intangible assets | 2 | 5 | 3 | 2 |
| Tangible assets | 24,489 | 24,704 | 25,754 | 25,269 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 688 | 915 | 625 | 699 |
| Inventories and prepaid expenses | 187 | 144 | 98 | 82 |
| Accounts receivable in one year | 225 | 207 | 209 | 220 |
| Other current assets | ||||
| Cash and cash equivalents | 276 | 564 | 318 | 397 |
| Total assets | 25,181 | 25,625 | 26,383 | 25,971 |
| Equity | 8,385 | 8,982 | 9,261 | 8,674 |
| Grants and subsidies | 15,529 | 15,596 | 16,027 | 15,570 |
| Liabilities | 1,268 | 1,047 | 1,057 | 1,727 |
| Financial liabilities | 533 | 437 | 329 | 668 |
| Long-term liabilities | 437 | 291 | 215 | 449 |
| Short-term liabilities | 831 | 756 | 842 | 1,278 |
| Equity and liabilities | 25,181 | 25,625 | 26,384 | 25,971 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 0% | -1% | -4% |
| Return on equity (ROE) | 2% | 0% | -2% | -13% |
| Return on capital employed (ROCE) | -4% | -1% | -4% | -14% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.02 | 0.02 | 0.01 | 0.03 |
| Current Ratio | 0.83 | 1.21 | 0.74 | 0.55 |
| Quick ratio | 0.60 | 1.02 | 0.63 | 0.48 |
| Turnover ratios | ||||
| Asset turnover | 0.07 | 0.06 | 0.06 | 0.07 |
| Fixed asset turnover | 0.07 | 0.07 | 0.07 | 0.07 |
| Equity turnover | 0.20 | 0.18 | 0.18 | 0.19 |
| Profitability ratios | ||||
| EBITDA margin | 39% | 23% | 17% | -40% |
| Operating profit margin | -19% | -6% | -22% | -74% |
| Net profit margin | 11% | 1% | -10% | -66% |
| 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 „Raseinių vandenys“
- Legal formPrivate limited liability company (UAB)
- Company code172380181
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionRaseiniai district municipality
- Share indirectly belonging to the Municipal0%
ROE
-12.5%
Number of employees
59
Financial data provided as at end-December 2022
Management
- Vaclovas SimonavičiusChief Executive Officer
Information as of: 4/30/2023
