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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 744 831 865 798
Cost of goods sold 576 643 634 644
Gross profit (loss) 168 188 232 154
Gross profit margin 23% 23% 27% 19%
Operating expenses 256 272 287 328
Operating profit (loss) -88 -84 -56 -174
Operating profit margin -12% -10% -6% -22%
EBITDA 81 114 132 39
EBITDA margin 11% 14% 15% 5%
Net profit (loss) -122 -47 -46 -149
Net profit margin -16% -6% -5% -19%

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Balance sheet

2017 2018 2019 2020
Non-current assets 8,550 9,343 9,647 9,335
Intangible assets 0 0
Tangible assets 8,550 9,343 9,647 9,335
Financial assets
Other non-current assets
Current assets 374 353 280 253
Inventories and prepaid expenses 155 157 120 103
Accounts receivable in one year 140 167 133 124
Other current assets
Cash and cash equivalents 79 29 28 26
Total assets 8,925 9,698 9,929 9,590
Equity 829 1,360 1,338 1,525
Grants and subsidies 6,926 7,201 7,591 7,029
Liabilities 1,170 1,136 999 1,036
Financial liabilities 915 829 747 809
Long-term liabilities 837 751 669 731
Short-term liabilities 333 385 330 305
Equity and liabilities 8,925 9,698 9,929 9,590

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) -1% -0% -2%
Return on equity (ROE) -4% -3% -10%
Return on capital employed (ROCE) -0% -0% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.61 0.56 0.53
Current Ratio 0.92 0.85 0.83
Quick ratio 0.51 0.49 0.49
Turnover ratios
Asset turnover 0.09 0.09 0.08
Fixed asset turnover 0.09 0.09 0.08
Equity turnover 0.76 0.64 0.56
Profitability ratios
EBITDA margin 14% 15% 5%
Operating profit margin -10% -6% -22%
Net profit margin -6% -5% -19%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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Expectations of the municipal

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%
http://www.rietkom.lt/
ROE

-10.4%

Number of employees

34

Financial data provided as at end-December 2019

Management

  • Alvydas RojusDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vytautas Dičiūnas

Information as of: 2021/06/01