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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ Simno komunalininkas was established in 2001, following the reorganization of the budgetary institution Simno Komunalininkas. The main purpose of the company is to provide public services for the provision of water, heat and hot water, maintenance (operation) of heating and hot water supply systems of buildings, wastewater disposal and other municipal services, as well as perform other activities in order to meet public interests.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 974 1,026 913 1,024
Cost of goods sold 1,031 1,007 911 1,135
Gross profit (loss) -57 19 2 -111
Gross profit margin -6% 2% 0% -11%
Operating expenses 96 90 66 70
Operating profit (loss) -153 -71 -64 -181
Operating profit margin -16% -7% -7% -18%
EBITDA 272 294 133 4
EBITDA margin 28% 29% 15% 0%
Net profit (loss) -146 -65 -63 -182
Net profit margin -15% -6% -7% -18%

Balance sheet

2018 2019 2020 2021
Non-current assets 6,865 6,981 8,000 9,863
Intangible assets 10 6 4 2
Tangible assets 6,855 6,975 7,996 9,862
Financial assets
Other non-current assets
Current assets 475 494 700 474
Inventories and prepaid expenses 86 104 68 48
Accounts receivable in one year 295 236 270 230
Other current assets
Cash and cash equivalents 93 154 363 196
Total assets 7,342 7,476 8,700 10,337
Equity 3,005 2,940 2,882 2,701
Grants and subsidies 3,853 4,169 5,125 6,723
Liabilities 483 367 694 914
Financial liabilities 210 237 309 678
Long-term liabilities 210 237 309 639
Short-term liabilities 274 130 385 274
Equity and liabilities 7,342 7,476 8,700 10,337

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% -1% -1% -2%
Return on equity (ROE) -5% -2% -2% -7%
Return on capital employed (ROCE) -4% -2% -1% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.07 0.08 0.11 0.25
Current Ratio 1.73 3.82 1.82 1.73
Quick ratio 1.42 3.01 1.64 1.55
Turnover ratios
Asset turnover 0.13 0.14 0.11 0.11
Fixed asset turnover 0.14 0.15 0.12 0.11
Equity turnover 0.32 0.35 0.31 0.37
Profitability ratios
EBITDA margin 28% 29% 15% 0%
Operating profit margin -16% -7% -7% -18%
Net profit margin -15% -6% -7% -18%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

About the company

  • Official nameSĮ „Simno komunalininkas“
  • Legal formMunicipality enterprise (SĮ)
  • Company code153720195
  • SectorOther
  • Line of businessUtilities: water
  • Representing institutionAlytus city municipality
  • Share belonging to the Municipal100%
https://simnokomun.lt/
ROE

-6.5%

Number of employees

43

Financial data provided as at end-December 2021