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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

2018 2019 2020 2021
Revenue 2,600 2,848 3,176 3,301
Cost of goods sold 1,947 2,163 2,220 2,637
Gross profit (loss) 653 686 956 664
Gross profit margin 25% 24% 30% 20%
Operating expenses 621 678 742 662
Operating profit (loss) 32 8 215 2
Operating profit margin 1% 0% 7% 0%
EBITDA 525 585 664 573
EBITDA margin 20% 21% 21% 17%
Net profit (loss) 100 113 249 53
Net profit margin 4% 4% 8% 2%

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 37,303 35,778 34,972 33,585
Intangible assets 15 5 10 9
Tangible assets 37,224 35,718 34,904 33,523
Financial assets
Other non-current assets 65 55 59 53
Current assets 926 1,213 1,318 1,350
Inventories and prepaid expenses 70 84 99 110
Accounts receivable in one year 457 506 495 388
Other current assets
Cash and cash equivalents 399 623 725 852
Total assets 38,231 36,995 36,295 34,944
Equity 4,834 4,988 5,872 6,585
Grants and subsidies 31,385 29,286 28,068 26,450
Liabilities 2,009 2,719 2,352 1,906
Financial liabilities 1,309 1,278 1,241 1,377
Long-term liabilities 1,249 1,218 1,182 1,303
Short-term liabilities 760 1,500 1,170 603
Equity and liabilities 38,231 36,995 36,295 34,944

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 0% 1% 0%
Return on equity (ROE) 2% 2% 5% 1%
Return on capital employed (ROCE) 1% 1% 2% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.27 0.26 0.21 0.21
Current Ratio 1.22 0.81 1.13 2.24
Quick ratio 1.13 0.75 1.04 2.06
Turnover ratios
Asset turnover 0.07 0.08 0.09 0.09
Fixed asset turnover 0.07 0.08 0.09 0.10
Equity turnover 0.55 0.58 0.58 0.53
Profitability ratios
EBITDA margin 20% 21% 21% 17%
Operating profit margin 1% 0% 7% 0%
Net profit margin 4% 4% 8% 2%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

Expectations of the municipal

Letter of Expectations

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%
www.tauragesvandenys.lt
ROE

0.9%

Number of employees

107

Financial data provided as at end-December 2021