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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Tauragės butų ūkis was established on 21th of November, 1990. The main activities are multi-apartment houses common use objects maintenance and administration, heat supply maintenance, engineering networks accidents liquidation in multi-apartment buildings and other premises, repair services, territory maintenance. According to the license issued by the Bank of Lithuania, company provides payment transfers, according to agreements performs administrator functions in the multi-apartment houses.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 670 680 762 744
Cost of goods sold 390 357 360 336
Gross profit (loss) 281 323 402 408
Gross profit margin 42% 47% 53% 55%
Operating expenses 316 325 359 381
Operating profit (loss) -35 -3 43 27
Operating profit margin -5% -0% 6% 4%
EBITDA -7 29 164 49
EBITDA margin -1% 4% 22% 7%
Net profit (loss) -25 8 125 27
Net profit margin -4% 1% 16% 4%

Balance sheet

2018 2019 2020 2021
Non-current assets 91 81 63 50
Intangible assets 8 3
Tangible assets 83 78 63 50
Financial assets
Other non-current assets
Current assets 1,026 1,019 1,141 1,225
Inventories and prepaid expenses 7 6 9 11
Accounts receivable in one year 318 240 193 171
Other current assets
Cash and cash equivalents 700 773 940 1,043
Total assets 1,117 1,100 1,205 1,277
Equity 352 360 486 482
Grants and subsidies
Liabilities 765 740 719 795
Financial liabilities
Long-term liabilities
Short-term liabilities 765 740 719 795
Equity and liabilities 1,117 1,100 1,205 1,277

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% 1% 11% 2%
Return on equity (ROE) -7% 2% 30% 5%
Return on capital employed (ROCE) -20% 0% 58% 12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.34 1.38 1.59 1.54
Quick ratio 1.33 1.37 1.58 1.53
Turnover ratios
Asset turnover 0.60 0.61 0.66 0.60
Fixed asset turnover 6.40 7.92 10.64 13.24
Equity turnover 1.83 1.91 1.80 1.54
Profitability ratios
EBITDA margin -1% 4% 22% 7%
Operating profit margin -5% -0% 6% 4%
Net profit margin -4% 1% 16% 4%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB Tauragės butų ūkis
  • Legal formPrivate limited liability company (UAB)
  • Company code179206436
  • SectorOther
  • Line of businessApartment management
  • Representing institutionTauragė district municipality
  • Share belonging to the Municipal100%
www.taubu.lt/
ROE

5.5%

Number of employees

40

Financial data provided as at end-December 2021