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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Šilutės vandenys was registered on April 5, 1995. The company main activities are the extraction (preparation) and supply of drinking water, wastewater collection, treatment and sludge management, surface wastewater treatment. Services are provided to the entire Šilutė district.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 2,627 2,586 2,669 2,734
Cost of goods sold 2,009 2,028 2,034 2,050
Gross profit (loss) 618 558 635 684
Gross profit margin 24% 22% 24% 25%
Operating expenses 597 678 640 700
Operating profit (loss) 20 -120 -6 -15
Operating profit margin 1% -5% -0% -1%
EBITDA 438 359 455 393
EBITDA margin 17% 14% 17% 14%
Net profit (loss) 64 -29 80 15
Net profit margin 2% -1% 3% 1%

Balance sheet

2018 2019 2020 2021
Non-current assets 24,992 25,670 24,559 25,030
Intangible assets 12 2 14 12
Tangible assets 24,885 25,567 24,438 24,914
Financial assets
Other non-current assets 95 102 108 105
Current assets 557 557 714 775
Inventories and prepaid expenses 41 69 52 44
Accounts receivable in one year 301 290 294 315
Other current assets
Cash and cash equivalents 215 198 369 416
Total assets 25,551 26,229 25,275 25,808
Equity 4,739 4,710 4,789 4,804
Grants and subsidies 18,436 18,676 17,517 17,468
Liabilities 2,374 2,843 2,968 3,536
Financial liabilities 511 2,394 246 299
Long-term liabilities 1,511 2,091 2,230 2,799
Short-term liabilities 863 753 739 737
Equity and liabilities 25,551 26,229 25,275 25,808

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% -0% 0% 0%
Return on equity (ROE) 1% -1% 2% 0%
Return on capital employed (ROCE) 1% 0% 1% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.11 0.51 0.05 0.06
Current Ratio 0.65 0.74 0.97 1.05
Quick ratio 0.60 0.65 0.90 0.99
Turnover ratios
Asset turnover 0.10 0.10 0.10 0.11
Fixed asset turnover 0.11 0.10 0.11 0.11
Equity turnover 0.56 0.55 0.56 0.57
Profitability ratios
EBITDA margin 17% 14% 17% 14%
Operating profit margin 1% -5% -0% -1%
Net profit margin 2% -1% 3% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Šilutės vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code177059215
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionŠilutė district municipality
  • Share belonging to the Municipal100%
http://www.silutes-vandenys.lt/
ROE

0.3%

Number of employees

98

Financial data provided as at end-December 2021