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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Rietavo komunalinis ūkis was founded on August 1, 2000. Its main activity is centralized supply of heating and hot water, provision of quality water and wastewater management services to consumers, ensuring their availability to all residents, enterprises and organizations, at the lowest possible cost and with minimum environmental damage.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 865 798 990 1,235
Cost of goods sold 634 644 673 998
Gross profit (loss) 232 154 317 237
Gross profit margin 27% 19% 32% 19%
Operating expenses 148 184 179 192
Operating profit (loss) -56 -174 -8 -99
Operating profit margin -6% -22% -1% -8%
EBITDA 132 39 190 177
EBITDA margin 15% 5% 19% 14%
Net profit (loss) -46 -149 10 5
Net profit margin -5% -19% 1% 0%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 9,647 9,335 8,980 8,603
Intangible assets 0 0
Tangible assets 9,647 9,335 8,980 8,603
Financial assets
Other non-current assets
Current assets 280 253 332 463
Inventories and prepaid expenses 120 103 119 127
Accounts receivable in one year 133 125 187 271
Other current assets
Cash and cash equivalents 28 26 25 65
Total assets 9,929 9,590 9,313 9,068
Equity 1,338 1,525 1,606 1,620
Grants and subsidies 7,591 7,029 6,748 6,474
Liabilities 999 1,036 960 974
Financial liabilities 747 809 791 763
Long-term liabilities 669 731 713 685
Short-term liabilities 330 305 247 288
Equity and liabilities 9,929 9,590 9,314 9,068

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% -2% 0% 0%
Return on equity (ROE) -3% -10% 1% 0%
Return on capital employed (ROCE) -3% -8% -0% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.08 0.08 0.08
Current Ratio 0.85 0.83 1.35 1.61
Quick ratio 0.49 0.49 0.86 1.16
Turnover ratios
Asset turnover 0.09 0.08 0.11 0.14
Fixed asset turnover 0.09 0.09 0.11 0.14
Equity turnover 0.65 0.52 0.62 0.76
Profitability ratios
EBITDA margin 15% 5% 19% 14%
Operating profit margin -6% -22% -1% -8%
Net profit margin -5% -19% 1% 0%
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

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Rietavo komunalinis ūkis“
  • Legal formPrivate limited liability company (UAB)
  • Company code171668992
  • SectorOther
  • Line of businessUtilities
  • Representing institutionRietavas municipality
  • Share belonging to the Municipal100%
https://rietkom.lt/
ROE

0.3%

Number of employees

33

Financial data provided as at end-December 2022