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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Saulės Dominija” was registered on June 1, 1992. The main activities are the administration of the joint partial ownership of owners and tenants of multi-apartment dormitory-type residential flats and other premises, maintenance of engineering systems of common use objects and structures and implementation of other solutions related to joint ownership of multi-apartment dwellings and other premises owners. It also provides residential rental services, performs construction and repair works under contracts and other activities specified in the Company’s Articles of Association.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 456 450 565 530
Cost of goods sold 391 405 507 473
Gross profit (loss) 65 45 58 56
Gross profit margin 14% 10% 10% 11%
Operating expenses 58 56 63 72
Operating profit (loss) 7 -11 -5 -16
Operating profit margin 1% -2% -1% -3%
EBITDA 15 21 55 11
EBITDA margin 3% 5% 10% 2%
Net profit (loss) 14 19 51 5
Net profit margin 3% 4% 9% 1%

Balance sheet

2018 2019 2020 2021
Non-current assets 19 15 14 48
Intangible assets 2 1 1 0
Tangible assets 17 14 13 48
Financial assets
Other non-current assets
Current assets 233 255 331 275
Inventories and prepaid expenses 1 3 4 4
Accounts receivable in one year 148 162 163 195
Other current assets
Cash and cash equivalents 84 91 163 76
Total assets 255 273 347 324
Equity 117 135 186 189
Grants and subsidies
Liabilities 138 137 161 135
Financial liabilities 16 12
Long-term liabilities 12 8 3
Short-term liabilities 126 130 157 135
Equity and liabilities 255 273 347 324

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 5% 7% 16% 2%
Return on equity (ROE) 13% 15% 32% 3%
Return on capital employed (ROCE) 18% 24% 53% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.09
Current Ratio 1.85 1.97 2.10 2.03
Quick ratio 1.85 1.95 2.08 2.00
Turnover ratios
Asset turnover 1.74 1.71 1.82 1.58
Fixed asset turnover 28.76 26.26 38.97 17.06
Equity turnover 4.19 3.57 3.51 2.82
Profitability ratios
EBITDA margin 3% 5% 10% 2%
Operating profit margin 1% -2% -1% -3%
Net profit margin 3% 4% 9% 1%
Other ratios
Dividends to the Municipality 0.50 0.50 2.00 2.00
Dividends paid / net profit 0.03 0.03 0.04 0.39

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Saulės dominija“
  • Legal formPrivate limited liability company (UAB)
  • Company code244620250
  • SectorOther
  • Line of businessApartment management
  • Representing institutionŠiauliai city municipality
  • Share belonging to the Municipal100%
https://saulesdominija.lt/
ROE

2.7%

Number of employees

32

Financial data provided as at end-December 2021