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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

2018 2019 2020 2021
Revenue 831 865 798 990
Cost of goods sold 643 634 644 673
Gross profit (loss) 188 232 154 317
Gross profit margin 23% 27% 19% 32%
Operating expenses 272 287 328 325
Operating profit (loss) -84 -56 -174 -8
Operating profit margin -10% -6% -22% -1%
EBITDA 114 132 39 190
EBITDA margin 14% 15% 5% 19%
Net profit (loss) -47 -46 -149 11
Net profit margin -6% -5% -19% 1%

* Left axis

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

Balance sheet

2018 2019 2020 2021
Non-current assets 9,343 9,647 9,335 8,980
Intangible assets 0
Tangible assets 9,343 9,647 9,335 8,980
Financial assets
Other non-current assets
Current assets 353 280 253 332
Inventories and prepaid expenses 157 120 103 119
Accounts receivable in one year 167 133 125 187
Other current assets
Cash and cash equivalents 29 28 26 25
Total assets 9,698 9,929 9,590 9,313
Equity 1,360 1,338 1,525 1,606
Grants and subsidies 7,201 7,591 7,029 6,748
Liabilities 1,136 999 1,036 960
Financial liabilities 829 747 809 791
Long-term liabilities 751 669 731 713
Short-term liabilities 385 330 305 247
Equity and liabilities 9,698 9,929 9,590 9,313

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% -0% -2% 0%
Return on equity (ROE) -4% -3% -10% 1%
Return on capital employed (ROCE) -0% -0% -2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.61 0.56 0.53 0.49
Current Ratio 0.92 0.85 0.83 1.35
Quick ratio 0.51 0.49 0.49 0.86
Turnover ratios
Asset turnover 0.09 0.09 0.08 0.10
Fixed asset turnover 0.09 0.09 0.08 0.11
Equity turnover 0.76 0.64 0.56 0.63
Profitability ratios
EBITDA margin 14% 15% 5% 19%
Operating profit margin -10% -6% -22% -1%
Net profit margin -6% -5% -19% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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** Right axis

*** 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

0.7%

Number of employees

34

Financial data provided as at end-December 2021