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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 8,972 9,018 9,227 9,491
Cost of goods sold 6,825 7,233 7,364 7,435
Gross profit (loss) 2,148 1,786 1,863 2,056
Gross profit margin 24% 20% 20% 22%
Operating expenses 1,421 1,369 1,436 1,409
Operating profit (loss) 727 417 427 647
Operating profit margin 8% 5% 5% 7%
EBITDA 2,590 2,374 2,548 2,894
EBITDA margin 29% 26% 28% 30%
Net profit (loss) 658 425 448 601
Net profit margin 7% 5% 5% 6%

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Balance sheet

2017 2018 2019 2020
Non-current assets 91,230 101,122 108,758 110,269
Intangible assets 194 151 154 154
Tangible assets 90,815 100,813 108,505 110,066
Financial assets 1 0 0
Other non-current assets 221 158 99 49
Current assets 3,190 3,697 3,354 2,948
Inventories and prepaid expenses 322 329 298 384
Accounts receivable in one year 1,113 1,221 1,513 1,033
Other current assets
Cash and cash equivalents 1,755 2,147 1,543 1,532
Total assets 94,438 104,836 112,135 113,233
Equity 48,152 48,451 55,059 57,699
Grants and subsidies 42,726 44,667 46,988 46,392
Liabilities 3,548 11,712 10,083 9,135
Financial liabilities 1,730 3,338 5,500 6,284
Long-term liabilities 1,904 4,634 6,400 5,854
Short-term liabilities 1,586 6,980 3,571 3,169
Equity and liabilities 94,438 104,836 112,135 113,233

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 1%
Return on equity (ROE) 1% 1% 1%
Return on capital employed (ROCE) 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.10 0.11
Current Ratio 0.53 0.94 0.93
Quick ratio 0.48 0.86 0.81
Turnover ratios
Asset turnover 0.09 0.09 0.08
Fixed asset turnover 0.09 0.09 0.09
Equity turnover 0.19 0.18 0.17
Profitability ratios
EBITDA margin 26% 28% 30%
Operating profit margin 5% 5% 7%
Net profit margin 5% 5% 6%
Other ratios
Dividends to the Municipality 120.00 50.00
Dividends paid / net profit 0.28 0.08

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Expectations of the municipal

About the company

  • Official nameUAB „Šiaulių vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code144133366
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionŠiauliai city municipality
  • Share belonging to the Municipal100%
https://www.siauliuvandenys.lt/
Return to the Municipality

50 EUR thousand

ROE

1.1%

Number of employees

243

Financial data provided as at end-December 2019

Management

  • Jonas MatkevičiusDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Vincas Urbonavičius

MEMBERS OF THE BOARD OF DIRECTORS

  • Vida Lašinienė
  • Jonas Matkevičius
  • Angelija Michalauskienė
  • Audronė Danielaitienė
  • Česlovas Kasputis

Information as of: 2021/06/01