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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Šiaulių gatvių apšvietimas” was registered on March 13, 1995. Main activities – operation of urban external lighting electrical networks, construction and overhaul of urban lighting networks, production and operation of neon advertising, operation, repair and construction of traffic control devices, external lighting of other organizations (under contracts) current repairs, overhaul and other works, retail and wholesale, production of products for lighting, transport services.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,918 1,429 1,628 1,899
Cost of goods sold 1,348 939 1,095 1,170
Gross profit (loss) 570 490 533 730
Gross profit margin 30% 34% 33% 38%
Operating expenses 430 430 471 494
Operating profit (loss) 140 60 62 236
Operating profit margin 7% 4% 4% 12%
EBITDA 193 566 621 660
EBITDA margin 10% 40% 38% 35%
Net profit (loss) 124 65 66 72
Net profit margin 6% 5% 4% 4%

Balance sheet

2018 2019 2020 2021
Non-current assets 533 12,334 12,119 12,409
Intangible assets 14 10 7 3
Tangible assets 518 12,324 12,112 12,406
Financial assets
Other non-current assets
Current assets 980 967 2,761 2,893
Inventories and prepaid expenses 118 193 194 217
Accounts receivable in one year 83 296 301 535
Other current assets
Cash and cash equivalents 779 478 2,266 2,142
Total assets 1,517 13,308 14,890 15,314
Equity 1,245 13,060 13,076 13,098
Grants and subsidies 359
Liabilities 212 155 1,685 1,793
Financial liabilities 1,500 1,500
Long-term liabilities 1,500 1,481
Short-term liabilities 212 155 185 312
Equity and liabilities 1,517 13,308 14,890 15,314

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 9% 1% 0% 0%
Return on equity (ROE) 10% 1% 1% 1%
Return on capital employed (ROCE) 22% 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.11 0.11
Current Ratio 4.63 6.24 14.90 9.28
Quick ratio 4.07 4.99 13.85 8.58
Turnover ratios
Asset turnover 1.35 0.19 0.12 0.13
Fixed asset turnover 4.33 0.22 0.13 0.15
Equity turnover 1.58 0.20 0.12 0.15
Profitability ratios
EBITDA margin 10% 40% 38% 35%
Operating profit margin 7% 4% 4% 12%
Net profit margin 6% 5% 4% 4%
Other ratios
Dividends to the Municipality 50.00 50.00 50.00 50.00
Dividends paid / net profit 0.40 0.78 0.76 0.69

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Šiaulių gatvių apšvietimas“
  • Legal formPrivate limited liability company (UAB)
  • Company code144129510
  • SectorOther
  • Line of businessStatyba ir architektūra, lghting maintenance
  • Representing institutionŠiauliai city municipality
  • Share belonging to the Municipal100%
https://www.sga.lt/
ROE

0.6%

Number of employees

46

Financial data provided as at end-December 2021