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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Šiaulių vandenys was registered on March 28, 1991.Its main activities are drinking water extraction (treatment) and supply, wastewater collection, treatment and sludge management, and surface wastewater management. Ancillary activities and services – design and construction of water supply and sewerage networks, leak detection and tele-diagnosis of sewage pipelines, hire of special vehicles and equipment, installation, repair and inspection of cold water metering devices, chemical and bacteriological analysis of drinking water, surface water, waste water and sludge.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 9,018 9,227 9,491 9,770
Cost of goods sold 7,233 7,364 7,435 8,425
Gross profit (loss) 1,786 1,863 2,056 1,345
Gross profit margin 20% 20% 22% 14%
Operating expenses 1,369 1,436 1,409 1,481
Operating profit (loss) 417 427 647 -135
Operating profit margin 5% 5% 7% -1%
EBITDA 2,374 2,548 2,894 2,349
EBITDA margin 26% 28% 30% 24%
Net profit (loss) 425 448 601 -76
Net profit margin 5% 5% 6% -1%

Balance sheet

2018 2019 2020 2021
Non-current assets 101,122 108,758 110,269 110,520
Intangible assets 151 154 154 166
Tangible assets 100,813 108,505 110,066 110,310
Financial assets 0 0
Other non-current assets 158 99 49 45
Current assets 3,697 3,354 2,948 3,773
Inventories and prepaid expenses 329 298 384 383
Accounts receivable in one year 1,221 1,513 1,033 1,090
Other current assets
Cash and cash equivalents 2,147 1,543 1,532 2,300
Total assets 104,836 112,135 113,233 114,315
Equity 48,451 55,059 57,699 60,293
Grants and subsidies 44,667 46,988 46,392 44,673
Liabilities 11,712 10,083 9,135 9,335
Financial liabilities 3,338 5,500 6,284 7,630
Long-term liabilities 4,634 6,400 5,854 7,140
Short-term liabilities 6,980 3,571 3,169 2,083
Equity and liabilities 104,836 112,135 113,233 114,315

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 0% 1% -0%
Return on equity (ROE) 1% 1% 1% -0%
Return on capital employed (ROCE) 1% 1% 1% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.10 0.11 0.13
Current Ratio 0.53 0.94 0.93 1.81
Quick ratio 0.48 0.86 0.81 1.63
Turnover ratios
Asset turnover 0.09 0.09 0.08 0.09
Fixed asset turnover 0.09 0.09 0.09 0.09
Equity turnover 0.19 0.18 0.17 0.17
Profitability ratios
EBITDA margin 26% 28% 30% 24%
Operating profit margin 5% 5% 7% -1%
Net profit margin 5% 5% 6% -1%
Other ratios
Dividends to the Municipality 120.00 50.00
Dividends paid / net profit 0.28 0.08

Financial statments

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/
ROE

-0.1%

Number of employees

243

Financial data provided as at end-December 2021