Simno komunalininkas
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 1,026 | 913 | 1,024 | 1,180 |
| Cost of goods sold | 1,007 | 911 | 1,050 | 1,298 |
| Gross profit (loss) | 19 | 2 | -26 | -118 |
| Gross profit margin | 2% | 0% | -3% | -10% |
| Operating expenses | 90 | 66 | 70 | 194 |
| Operating profit (loss) | -71 | -64 | -96 | -312 |
| Operating profit margin | -7% | -7% | -9% | -26% |
| EBITDA | 294 | 133 | 89 | -208 |
| EBITDA margin | 29% | 15% | 9% | -18% |
| Net profit (loss) | -65 | -63 | -97 | -306 |
| Net profit margin | -6% | -7% | -9% | -26% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 6,981 | 8,000 | 9,863 | 10,485 |
| Intangible assets | 6 | 4 | 2 | |
| Tangible assets | 6,975 | 7,996 | 9,862 | 10,485 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 494 | 700 | 474 | 361 |
| Inventories and prepaid expenses | 104 | 68 | 48 | 41 |
| Accounts receivable in one year | 236 | 270 | 230 | 250 |
| Other current assets | ||||
| Cash and cash equivalents | 154 | 363 | 196 | 69 |
| Total assets | 7,476 | 8,700 | 10,337 | 10,846 |
| Equity | 2,940 | 2,882 | 2,876 | 2,570 |
| Grants and subsidies | 4,169 | 5,125 | 6,548 | 7,221 |
| Liabilities | 367 | 694 | 914 | 1,055 |
| Financial liabilities | 237 | 309 | 678 | 649 |
| Long-term liabilities | 237 | 309 | 639 | 610 |
| Short-term liabilities | 130 | 385 | 274 | 446 |
| Equity and liabilities | 7,476 | 8,700 | 10,337 | 10,846 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -1% | -1% | -1% | -3% |
| Return on equity (ROE) | -2% | -2% | -3% | -11% |
| Return on capital employed (ROCE) | -2% | -2% | -3% | -10% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.03 | 0.04 | 0.07 | 0.06 |
| Current Ratio | 3.82 | 1.82 | 1.73 | 0.81 |
| Quick ratio | 3.01 | 1.64 | 1.55 | 0.72 |
| Turnover ratios | ||||
| Asset turnover | 0.14 | 0.10 | 0.10 | 0.11 |
| Fixed asset turnover | 0.15 | 0.11 | 0.10 | 0.11 |
| Equity turnover | 0.35 | 0.32 | 0.36 | 0.46 |
| Profitability ratios | ||||
| EBITDA margin | 29% | 15% | 9% | -18% |
| Operating profit margin | -7% | -7% | -9% | -26% |
| Net profit margin | -6% | -7% | -9% | -26% |
| 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 |
Financial statments
Expectations of the municipal
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%
ROE
-11.2%
Number of employees
44
Financial data provided as at end-December 2022
Management
- Juozas KalėdaChief Executive Officer
Information as of: 4/30/2023
