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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Skuodo vandenys was registered on April 5, 1995 after the reorganisation of the Palanga State Water Supply Company and the separation of the Skuodo Bar. The main activity of UAB Skuodo vandenys is to provide public water supply in the public water supply areas of a municipality (several municipalities). To ensure the supply of drinking water to consumers using the necessary technical, organisational, economic, hygienic and environmental measures. To collect, transport, treat, account for, analyse wastewater discharged into the environment, and to manage sludge and other wastes generated during treatment. Maintain and repair outdoor pipelines for the supply of drinking water from the treatment plant to the customer’s inlet. To undertake the construction of waterworks, the installation of plumbing heating and air-conditioning systems and road haulage. The company operates the Skuodas Hygiene and Wellness Centre under a lease agreement, which provides sauna, swimming pool, fitness and aerobic services.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 661 665 722 853
Cost of goods sold 506 560 607 692
Gross profit (loss) 156 105 115 161
Gross profit margin 24% 16% 16% 19%
Operating expenses 113 193 204 216
Operating profit (loss) -72 -134 -138 -101
Operating profit margin -11% -20% -19% -12%
EBITDA 307 52 30 81
EBITDA margin 46% 8% 4% 10%
Net profit (loss) -44 -89 -107 -53
Net profit margin -7% -13% -15% -6%

Balance sheet

2019 2020 2021 2022
Non-current assets 10,359 9,982 9,842 9,675
Intangible assets 5 2 1 0
Tangible assets 10,354 9,979 9,841 9,674
Financial assets
Other non-current assets
Current assets 174 116 119 150
Inventories and prepaid expenses 6 7 4 8
Accounts receivable in one year 90 89 102 134
Other current assets
Cash and cash equivalents 77 20 13 8
Total assets 10,534 10,098 9,961 9,825
Equity 2,903 2,814 2,707 2,655
Grants and subsidies 6,723 6,433 6,350 6,242
Liabilities 907 851 904 928
Financial liabilities 821 761 0 0
Long-term liabilities 756 703 650 598
Short-term liabilities 151 148 253 331
Equity and liabilities 10,534 10,098 9,961 9,825

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% -1% -1% -1%
Return on equity (ROE) -1% -3% -4% -2%
Return on capital employed (ROCE) -2% -4% -4% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.08 0.00 0.00
Current Ratio 1.15 0.78 0.47 0.45
Quick ratio 1.11 0.74 0.45 0.43
Turnover ratios
Asset turnover 0.06 0.07 0.07 0.09
Fixed asset turnover 0.06 0.07 0.07 0.09
Equity turnover 0.23 0.24 0.27 0.32
Profitability ratios
EBITDA margin 46% 8% 4% 10%
Operating profit margin -11% -20% -19% -12%
Net profit margin -7% -13% -15% -6%
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

Expectations of the municipal

About the company

  • Official nameUAB „Skuodo vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code173820527
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionSkuodas district municipality
  • Share belonging to the Municipal100%
https://skuodovandenys.lt/
ROE

-2.0%

Number of employees

29

Financial data provided as at end-December 2022

Management

  • Algirdas MiliauskasChief Executive Officer

Information as of: 4/30/2023