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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

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

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://www.skuodovandenys.lt/
ROE

-3.3%

Number of employees

31

Financial data provided as at end-December 2021