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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Širvintos verslui ir laisvalaikiui“ was registered on June 16, 1995. Main activities – accommodation and catering services – daily cafe services, banquet preparation, rent of premises for various celebrations, artistic, entertainment and recreation activities – children’s playroom services, water entertainment.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 64 66 55 79
Cost of goods sold 23 18 21 31
Gross profit (loss) 41 48 34 48
Gross profit margin 64% 73% 63% 61%
Operating expenses 60 71 55 68
Operating profit (loss) -20 -23 -20 -20
Operating profit margin -31% -35% -37% -26%
EBITDA 6 4 8 4
EBITDA margin 10% 5% 14% 5%
Net profit (loss) 3 1 4 1
Net profit margin 5% 1% 7% 1%

Balance sheet

2018 2019 2020 2021
Non-current assets 55 101 85 120
Intangible assets
Tangible assets 55 101 85 120
Financial assets
Other non-current assets
Current assets 15 14 15 18
Inventories and prepaid expenses 11 14 11 13
Accounts receivable in one year 3 1
Other current assets
Cash and cash equivalents 2 0 4 5
Total assets 70 116 100 139
Equity 15 16 20 21
Grants and subsidies 41 90 76 61
Liabilities 13 10 5 57
Financial liabilities
Long-term liabilities 4 51
Short-term liabilities 9 10 5 6
Equity and liabilities 70 116 100 139

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 6% 1% 4% 1%
Return on equity (ROE) 23% 4% 22% 4%
Return on capital employed (ROCE) 13% 2% 11% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.61 1.52 3.36 3.08
Quick ratio 0.45 0.04 0.98 0.87
Turnover ratios
Asset turnover 1.30 0.71 0.51 0.66
Fixed asset turnover 1.72 0.84 0.59 0.77
Equity turnover 4.63 4.17 3.06 3.88
Profitability ratios
EBITDA margin 10% 5% 14% 5%
Operating profit margin -31% -35% -37% -26%
Net profit margin 5% 1% 7% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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

4.4%

Number of employees

5

Financial data provided as at end-December 2021