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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Širvintų vandenys was registered on June 13, 1995. Its main activities are the supply of drinking water, wastewater disposal, surface wastewater management, preparation and issuance of technical conditions for water supply and wastewater disposal, accounting of the quantity of water supplied and discharged, and quality control.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 711 725 745 780
Cost of goods sold 530 586 653 761
Gross profit (loss) 181 140 92 20
Gross profit margin 25% 19% 12% 3%
Operating expenses 152 149 190 216
Operating profit (loss) 29 -9 -98 -196
Operating profit margin 4% -1% -13% -25%
EBITDA 201 134 35 -17
EBITDA margin 28% 19% 5% -2%
Net profit (loss) 82 26 -83 -141
Net profit margin 12% 4% -11% -18%

Balance sheet

2018 2019 2020 2021
Non-current assets 8,124 8,185 7,882 7,555
Intangible assets 0 1 0 0
Tangible assets 8,124 8,184 7,882 7,554
Financial assets
Other non-current assets
Current assets 1,125 679 519 369
Inventories and prepaid expenses 15 17 20 15
Accounts receivable in one year 962 490 327 242
Other current assets
Cash and cash equivalents 148 172 172 113
Total assets 9,281 8,865 8,403 7,926
Equity 1,502 1,527 1,445 1,304
Grants and subsidies 7,200 6,749 6,370 5,963
Liabilities 580 588 587 658
Financial liabilities 272 411 514 564
Long-term liabilities 240 380 482 516
Short-term liabilities 339 208 105 141
Equity and liabilities 9,281 8,865 8,403 7,926

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 0% -1% -2%
Return on equity (ROE) 6% 2% -6% -10%
Return on capital employed (ROCE) 2% 1% -2% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.27 0.36 0.43
Current Ratio 3.32 3.27 4.93 2.61
Quick ratio 3.27 3.19 4.75 2.51
Turnover ratios
Asset turnover 0.08 0.08 0.09 0.10
Fixed asset turnover 0.09 0.09 0.09 0.10
Equity turnover 0.49 0.48 0.50 0.57
Profitability ratios
EBITDA margin 28% 19% 5% -2%
Operating profit margin 4% -1% -13% -25%
Net profit margin 12% 4% -11% -18%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Širvintų vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code178230181
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionŠirvintai district municipality
  • Share belonging to the Municipal100%
https://www.sirvintuvandenys.lt/
ROE

-10.2%

Number of employees

36

Financial data provided as at end-December 2021