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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Šakių vandenys was established on August 1, 1991 following the reorganisation of Šakiai State Water Supply Company. The company provides drinking water, sewers and wastewater treatment to residents and businesses. Since January 1, 2002, most of the water supply systems in the Šakiai district have been transferred to the maintenance and operation of the company.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,236 1,231 1,291 1,366
Cost of goods sold 999 984 1,018 1,211
Gross profit (loss) 237 247 273 155
Gross profit margin 19% 20% 21% 11%
Operating expenses 336 396 399 427
Operating profit (loss) -99 -150 -126 -273
Operating profit margin -8% -12% -10% -20%
EBITDA 236 186 242 103
EBITDA margin 19% 15% 19% 8%
Net profit (loss) -87 -110 -52 -174
Net profit margin -7% -9% -4% -13%

* 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 28,782 27,681 26,684 26,196
Intangible assets 1 0 21 16
Tangible assets 28,782 27,681 26,663 26,180
Financial assets
Other non-current assets
Current assets 330 229 575 253
Inventories and prepaid expenses 23 27 19 43
Accounts receivable in one year 102 133 173 164
Other current assets
Cash and cash equivalents 206 69 383 47
Total assets 29,114 27,911 27,260 26,450
Equity 4,085 3,975 3,923 3,749
Grants and subsidies 24,253 23,251 22,277 21,523
Liabilities 761 675 1,045 1,164
Financial liabilities 586 521 522 684
Long-term liabilities 482 436 433 573
Short-term liabilities 280 238 612 591
Equity and liabilities 29,114 27,911 27,260 26,450

* 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) -0% -0% -0% -1%
Return on equity (ROE) -2% -3% -1% -5%
Return on capital employed (ROCE) -1% -1% -0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.13 0.13 0.18
Current Ratio 1.18 0.96 0.94 0.43
Quick ratio 1.10 0.85 0.91 0.36
Turnover ratios
Asset turnover 0.04 0.04 0.05 0.05
Fixed asset turnover 0.04 0.04 0.05 0.05
Equity turnover 0.32 0.31 0.33 0.36
Profitability ratios
EBITDA margin 19% 15% 19% 8%
Operating profit margin -8% -12% -10% -20%
Net profit margin -7% -9% -4% -13%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

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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 „Šakių vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code174264880
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionŠakiai district municipality
  • Share belonging to the Municipal100%
https://sakvan.eu/
ROE

-4.5%

Number of employees

47

Financial data provided as at end-December 2021