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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 1,610 1,638 1,608 1,712
Cost of goods sold 1,174 1,206 1,139 1,465
Gross profit (loss) 436 431 469 247
Gross profit margin 27% 26% 29% 14%
Operating expenses 534 745 573 621
Operating profit (loss) -98 -314 -104 -374
Operating profit margin -6% -19% -6% -22%
EBITDA 460 634 367 283
EBITDA margin 29% 39% 23% 17%
Net profit (loss) 8 187 13 -174
Net profit margin 1% 11% 1% -10%

Balance sheet

2018 2019 2020 2021
Non-current assets 22,154 24,491 24,709 25,757
Intangible assets 1 2 5 3
Tangible assets 22,153 24,489 24,704 25,754
Financial assets
Other non-current assets
Current assets 1,512 688 915 625
Inventories and prepaid expenses 207 187 144 98
Accounts receivable in one year 256 225 207 209
Other current assets
Cash and cash equivalents 1,049 276 564 318
Total assets 23,668 25,181 25,625 26,383
Equity 7,796 8,385 8,982 9,261
Grants and subsidies 13,766 15,529 15,596 16,027
Liabilities 2,107 1,268 1,047 1,096
Financial liabilities 717 533 437 329
Long-term liabilities 508 437 291 215
Short-term liabilities 1,187 831 756 842
Equity and liabilities 23,668 25,181 25,625 26,383

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 1% 0% -1%
Return on equity (ROE) 0% 2% 0% -2%
Return on capital employed (ROCE) 0% 2% 0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.09 0.06 0.05 0.04
Current Ratio 1.27 0.83 1.21 0.74
Quick ratio 1.10 0.60 1.02 0.63
Turnover ratios
Asset turnover 0.07 0.07 0.06 0.07
Fixed asset turnover 0.07 0.07 0.07 0.07
Equity turnover 0.22 0.20 0.19 0.19
Profitability ratios
EBITDA margin 29% 39% 23% 17%
Operating profit margin -6% -19% -6% -22%
Net profit margin 1% 11% 1% -10%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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 belonging to the Municipal100%
https://www.raseiniuvandenys.lt/
ROE

-1.9%

Number of employees

59

Financial data provided as at end-December 2021