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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Tauragės vandenys was registered on March 28, 1991.Its main activities are water extraction, treatment and supply; collection, treatment of domestic and surface sewage; sludge management. The company supplies drinking water to the towns of Tauragė and Skaudvilė, and 31 rural settlements in the district.

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 3,176 3,301 3,207 3,730
Cost of goods sold 2,220 2,637 2,868 2,686
Gross profit (loss) 956 664 339 1,044
Gross profit margin 30% 20% 11% 28%
Operating expenses 515 459 708 639
Operating profit (loss) 215 2 -608 172
Operating profit margin 7% 0% -19% 5%
EBITDA 664 589 -61 876
EBITDA margin 21% 18% -2% 23%
Net profit (loss) 249 53 -511 141
Net profit margin 8% 2% -16% 4%

Balance sheet

2020 2021 2022 2023
Non-current assets 34,972 33,585 38,269 37,122
Intangible assets 10 9 28 26
Tangible assets 34,904 33,523 38,112 37,016
Financial assets
Other non-current assets 59 53 129 80
Current assets 1,318 1,350 1,077 923
Inventories and prepaid expenses 99 110 113 131
Accounts receivable in one year 495 388 451 478
Other current assets
Cash and cash equivalents 725 852 512 315
Total assets 36,295 34,944 39,353 38,057
Equity 5,872 6,585 6,074 8,117
Grants and subsidies 28,068 26,450 28,548 26,932
Liabilities 2,352 1,906 4,666 2,991
Financial liabilities 1,241 1,377 2,462 2,272
Long-term liabilities 1,182 1,303 2,298 2,087
Short-term liabilities 1,170 603 2,368 904
Equity and liabilities 36,295 34,944 39,353 38,057

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) 1% 0% -1% 0%
Return on equity (ROE) 5% 1% -8% 2%
Return on capital employed (ROCE) 3% 0% -7% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.04 0.06 0.06
Current Ratio 1.13 2.24 0.45 1.02
Quick ratio 1.04 2.06 0.41 0.88
Turnover ratios
Asset turnover 0.09 0.09 0.08 0.10
Fixed asset turnover 0.09 0.10 0.08 0.10
Equity turnover 0.54 0.50 0.53 0.46
Profitability ratios
EBITDA margin 21% 18% -2% 23%
Operating profit margin 7% 0% -19% 5%
Net profit margin 8% 2% -16% 4%
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 „Tauragės vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code179249836
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionTauragė district municipality
  • Share belonging to the Municipal100%
https://tauragesvandenys.lt
ROE

2.0%

Number of employees

93

Financial data provided as at end-December 2023

Management

  • Tadas PauparisChief Executive Officer

Information as of: 2024/04/30