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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

2019 2020 2021 2022
Revenue 2,848 3,176 3,301 3,207
Cost of goods sold 2,163 2,220 2,637 2,868
Gross profit (loss) 686 956 664 339
Gross profit margin 24% 30% 20% 11%
Operating expenses 423 515 459 708
Operating profit (loss) 8 215 2 -608
Operating profit margin 0% 7% 0% -19%
EBITDA 585 664 589 -66
EBITDA margin 21% 21% 18% -2%
Net profit (loss) 113 249 53 -511
Net profit margin 4% 8% 2% -16%

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

Balance sheet

2019 2020 2021 2022
Non-current assets 35,778 34,972 33,585 38,269
Intangible assets 5 10 9 28
Tangible assets 35,718 34,904 33,523 38,112
Financial assets
Other non-current assets 55 59 53 130
Current assets 1,213 1,318 1,350 1,077
Inventories and prepaid expenses 84 99 110 111
Accounts receivable in one year 506 495 388 453
Other current assets
Cash and cash equivalents 623 725 852 512
Total assets 36,995 36,295 34,944 39,353
Equity 4,988 5,872 6,585 6,074
Grants and subsidies 29,286 28,068 26,450 28,548
Liabilities 2,719 2,352 1,906 4,666
Financial liabilities 1,278 1,241 1,377 2,461
Long-term liabilities 1,218 1,182 1,303 2,298
Short-term liabilities 1,500 1,170 603 2,368
Equity and liabilities 36,995 36,295 34,944 39,353

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% 1% 0% -1%
Return on equity (ROE) 2% 5% 1% -8%
Return on capital employed (ROCE) 0% 3% 0% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.03 0.04 0.06
Current Ratio 0.81 1.13 2.24 0.45
Quick ratio 0.75 1.04 2.06 0.41
Turnover ratios
Asset turnover 0.08 0.09 0.09 0.08
Fixed asset turnover 0.08 0.09 0.10 0.08
Equity turnover 0.57 0.54 0.50 0.53
Profitability ratios
EBITDA margin 21% 21% 18% -2%
Operating profit margin 0% 7% 0% -19%
Net profit margin 4% 8% 2% -16%
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

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

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%
https://tauragesvandenys.lt
ROE

-8.1%

Number of employees

102

Financial data provided as at end-December 2022

Management

  • Tadas PauparisChief Executive Officer

Information as of: 2023/04/30