Skuodo vandenys
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
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 647 | 661 | 665 | 722 |
| Cost of goods sold | 481 | 506 | 560 | 591 |
| Gross profit (loss) | 166 | 156 | 105 | 132 |
| Gross profit margin | 26% | 24% | 16% | 18% |
| Operating expenses | 199 | 228 | 239 | 254 |
| Operating profit (loss) | -33 | -72 | -134 | -122 |
| Operating profit margin | -5% | -11% | -20% | -17% |
| EBITDA | 335 | 307 | 52 | 47 |
| EBITDA margin | 52% | 46% | 8% | 7% |
| Net profit (loss) | -24 | -44 | -89 | -91 |
| Net profit margin | -4% | -7% | -13% | -13% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 10,638 | 10,359 | 9,982 | 9,842 |
| Intangible assets | 7 | 5 | 2 | 1 |
| Tangible assets | 10,631 | 10,354 | 9,979 | 9,841 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 191 | 174 | 116 | 119 |
| Inventories and prepaid expenses | 5 | 6 | 7 | 4 |
| Accounts receivable in one year | 95 | 90 | 89 | 102 |
| Other current assets | ||||
| Cash and cash equivalents | 91 | 77 | 20 | 13 |
| Total assets | 10,831 | 10,534 | 10,098 | 9,961 |
| Equity | 2,947 | 2,903 | 2,814 | 2,723 |
| Grants and subsidies | 6,919 | 6,723 | 6,433 | 6,350 |
| Liabilities | 965 | 907 | 851 | 888 |
| Financial liabilities | 15 | 821 | 761 | 707 |
| Long-term liabilities | 815 | 756 | 703 | 650 |
| Short-term liabilities | 150 | 151 | 148 | 237 |
| Equity and liabilities | 10,831 | 10,534 | 10,098 | 9,961 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -0% | -0% | -1% | -1% |
| Return on equity (ROE) | -1% | -1% | -3% | -3% |
| Return on capital employed (ROCE) | 0% | -1% | -2% | -2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.01 | 0.28 | 0.27 | 0.26 |
| Current Ratio | 1.28 | 1.15 | 0.78 | 0.50 |
| Quick ratio | 1.24 | 1.11 | 0.74 | 0.49 |
| Turnover ratios | ||||
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.07 |
| Fixed asset turnover | 0.06 | 0.06 | 0.07 | 0.07 |
| Equity turnover | 0.22 | 0.23 | 0.23 | 0.26 |
| Profitability ratios | ||||
| EBITDA margin | 52% | 46% | 8% | 7% |
| Operating profit margin | -5% | -11% | -20% | -17% |
| Net profit margin | -4% | -7% | -13% | -13% |
| Other ratios | ||||
| Dividends to the Municipality | ||||
| Dividends paid / net profit |
Financial statments
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%
ROE
-3.3%
Number of employees
31
Financial data provided as at end-December 2021
