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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 42 64 66 55
Cost of goods sold 15 23 18 21
Gross profit (loss) 26 41 48 34
Gross profit margin 63% 64% 73% 63%
Operating expenses 48 60 71 55
Operating profit (loss) -22 -20 -23 -20
Operating profit margin -52% -31% -35% -37%
EBITDA 4 6 4 8
EBITDA margin 9% 10% 5% 14%
Net profit (loss) 1 3 1 4
Net profit margin 3% 5% 1% 7%

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Balance sheet

2017 2018 2019 2020
Non-current assets 20 55 101 85
Intangible assets
Tangible assets 20 55 101 85
Financial assets
Other non-current assets
Current assets 9 15 14 15
Inventories and prepaid expenses 6 11 14 11
Accounts receivable in one year 2 3
Other current assets
Cash and cash equivalents 1 2 0 4
Total assets 29 70 116 100
Equity 12 15 16 20
Grants and subsidies 41 90 76
Liabilities 16 13 10 5
Financial liabilities
Long-term liabilities 4 4
Short-term liabilities 13 9 10 5
Equity and liabilities 29 70 116 100

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 6% 1% 4%
Return on equity (ROE) 23% 4% 21%
Return on capital employed (ROCE) 13% 2% 11%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.61 1.52 3.36
Quick ratio 0.45 0.04 0.98
Turnover ratios
Asset turnover 1.30 0.71 0.51
Fixed asset turnover 1.72 0.84 0.59
Equity turnover 4.63 4.17 3.06
Profitability ratios
EBITDA margin 10% 5% 14%
Operating profit margin -31% -35% -37%
Net profit margin 5% 1% 7%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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Expectations of the municipal

About the company

  • Official nameUAB „Širvintos verslui ir laisvalaikiui“
  • Legal formPrivate limited liability company (UAB)
  • Company code178263320
  • SectorOther
  • Line of businessReal estate rental, catering, entertainment and recreation organization
  • Representing institutionŠirvintai district municipality
  • Share belonging to the Municipal100%
https://www.sirvintoslaisvalaikiui.lt/
ROE

21.4%

Number of employees

5

Financial data provided as at end-December 2019

Management

  • Vaiva DaugėlienėDirector General

Information as of: 2021/06/01