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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

2019 2020 2021 2022
Revenue 2,586 2,669 2,734 2,830
Cost of goods sold 2,028 2,034 2,050 2,545
Gross profit (loss) 558 635 684 286
Gross profit margin 22% 24% 25% 10%
Operating expenses 454 441 491 560
Operating profit (loss) -120 -6 -15 -481
Operating profit margin -5% -0% -1% -17%
EBITDA 359 455 391 -42
EBITDA margin 14% 17% 14% -1%
Net profit (loss) -29 80 15 -385
Net profit margin -1% 3% 1% -14%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 25,670 24,559 25,030 24,370
Intangible assets 2 14 12 4
Tangible assets 25,567 24,438 24,914 24,195
Financial assets
Other non-current assets 102 108 105 171
Current assets 557 714 775 529
Inventories and prepaid expenses 69 52 44 65
Accounts receivable in one year 290 294 315 333
Other current assets
Cash and cash equivalents 198 369 416 131
Total assets 26,229 25,275 25,808 24,915
Equity 4,710 4,789 4,804 4,420
Grants and subsidies 18,676 17,517 17,468 16,387
Liabilities 2,843 2,968 3,536 4,109
Financial liabilities 2,394 246 299 395
Long-term liabilities 2,091 2,230 2,799 3,140
Short-term liabilities 753 739 737 968
Equity and liabilities 26,229 25,275 25,808 24,915

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% 0% 0% -2%
Return on equity (ROE) -1% 2% 0% -8%
Return on capital employed (ROCE) -2% -0% -0% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.09 0.01 0.01 0.02
Current Ratio 0.74 0.97 1.05 0.55
Quick ratio 0.65 0.90 0.99 0.48
Turnover ratios
Asset turnover 0.10 0.11 0.11 0.11
Fixed asset turnover 0.10 0.11 0.11 0.12
Equity turnover 0.55 0.56 0.57 0.64
Profitability ratios
EBITDA margin 14% 17% 14% -1%
Operating profit margin -5% -0% -1% -17%
Net profit margin -1% 3% 1% -14%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* Left axis

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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 indirectly belonging to the Municipal0%
https://silutes-vandenys.lt/
ROE

-8.3%

Number of employees

97

Financial data provided as at end-December 2022

Management

  • Alfredas MarkvaldasChief Executive Officer

Information as of: 4/30/2023