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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ „Šventosios jūrų uosto direkcija“ was established on 30th of October, 2018. Company’s main activities are passengers, animals and cargo water transport, transport terminal operations, navigation, pilotage and mooring activities, ship loading or unloading by barge (lighter), ship rescue activities, lighthouse activities.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 20 20 23 33
Cost of goods sold
Gross profit (loss) 20 20 23 33
Gross profit margin 100% 100% 100% 100%
Operating expenses 17 12 8 32
Operating profit (loss) 3 8 15 1
Operating profit margin 17% 42% 64% 3%
EBITDA 4 10 15 2
EBITDA margin 18% 51% 66% 6%
Net profit (loss) 3 8 13 1
Net profit margin 14% 41% 54% 3%

Balance sheet

2019 2020 2021 2022
Non-current assets 0 1 1 126
Intangible assets
Tangible assets 0 1 1 126
Financial assets
Other non-current assets
Current assets 11 22 35 158
Inventories and prepaid expenses 0
Accounts receivable in one year 1 6 103
Other current assets 0
Cash and cash equivalents 11 22 28 55
Total assets 11 23 36 284
Equity 4 12 25 26
Grants and subsidies 125
Liabilities 7 11 11 134
Financial liabilities 0 1 0 1
Long-term liabilities
Short-term liabilities 7 11 11 134
Equity and liabilities 11 23 36 284

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 30% 47% 42% 1%
Return on equity (ROE) 104% 98% 67% 4%
Return on capital employed (ROCE) 81% 67% 59% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.02 0.00 0.00
Current Ratio 1.62 2.06 3.21 1.18
Quick ratio 1.62 2.06 3.19 1.18
Turnover ratios
Asset turnover 1.78 0.85 0.64 0.12
Fixed asset turnover 22.11 23.00 0.26
Equity turnover 4.75 1.60 0.92 1.28
Profitability ratios
EBITDA margin 18% 51% 66% 6%
Operating profit margin 17% 42% 64% 3%
Net profit margin 14% 41% 54% 3%
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 nameSĮ „Šventosios jūrų uosto direkcija“
  • Legal formMunicipality enterprise (SĮ)
  • Company code304942928
  • SectorOther
  • Line of businessSea and coastal freight water transport
  • Representing institutionPalanga city municipality
  • Share belonging to the Municipal100%
ROE

3.6%

Number of employees

2

Financial data provided as at end-December 2022

Management

  • Arūnas PranckevičiusChief Executive Officer

Information as of: 4/30/2023