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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Šilalės vandenys was registered on January 2, 1992. Its main activity is the provision of drinking water supply, sewage collection and treatment services to residents and companies in the town of Šilalė and Šilalė district. The company operates 52 water supply points, with a total of 77 artesian wells and 17 water treatment plants. UAB Šilalės vandenys supplies only underground drinking water. The company operates 9 wastewater treatment plants and 41 wastewater pumping stations.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 927 959 953 1,029
Cost of goods sold 808 896 866 903
Gross profit (loss) 120 63 87 126
Gross profit margin 13% 7% 9% 12%
Operating expenses 122 125 133 144
Operating profit (loss) -2 -62 -46 -18
Operating profit margin -0% -6% -5% -2%
EBITDA 159 103 123 153
EBITDA margin 17% 11% 13% 15%
Net profit (loss) 0 -63 -27 1
Net profit margin -0% -7% -3% 0%

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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 14,473 15,922 15,539 15,271
Intangible assets
Tangible assets 14,473 15,922 15,539 15,271
Financial assets
Other non-current assets
Current assets 308 277 262 378
Inventories and prepaid expenses 50 53 59 66
Accounts receivable in one year 166 143 115 137
Other current assets
Cash and cash equivalents 92 82 88 175
Total assets 14,781 16,199 15,801 15,649
Equity 2,029 1,967 1,939 1,940
Grants and subsidies 12,092 13,319 13,263 13,112
Liabilities 660 913 599 597
Financial liabilities 584 547 511 474
Long-term liabilities 547 511 474 438
Short-term liabilities 113 402 125 160
Equity and liabilities 14,781 16,199 15,801 15,649

* 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% 0%
Return on equity (ROE) -0% -3% -1% 0%
Return on capital employed (ROCE) 0% -1% -0% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.29 0.28 0.26 0.24
Current Ratio 2.74 0.69 2.10 2.37
Quick ratio 2.29 0.56 1.63 1.96
Turnover ratios
Asset turnover 0.06 0.06 0.06 0.07
Fixed asset turnover 0.06 0.06 0.06 0.07
Equity turnover 0.46 0.48 0.49 0.53
Profitability ratios
EBITDA margin 17% 11% 13% 15%
Operating profit margin -0% -6% -5% -2%
Net profit margin -0% -7% -3% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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 „Šilalės vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code176523470
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionŠilalė district municipality
  • Share belonging to the Municipal100%
https://silalesvandenys.lt/
ROE

0.0%

Number of employees

39

Financial data provided as at end-December 2021