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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Tavo pastogė“ was registered in the Register of Enterprises of the Republic of Lithuania on April 24th in 1995, after the reorganization of the state-owned housing enterprise. On June 29th, 2001, Mazeikiai District Board decision no. 298 companies have been approved as administrators of 52 apartment buildings. The total area of administered houses is 134,593 sq. M. m. or 3051 apartment.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 370 445 472 533
Cost of goods sold 142 172 184 247
Gross profit (loss) 228 273 288 286
Gross profit margin 62% 61% 61% 54%
Operating expenses 276 278 287 297
Operating profit (loss) -48 -5 2 -10
Operating profit margin -13% -1% 0% -2%
EBITDA 18 19 32 28
EBITDA margin 5% 4% 7% 5%
Net profit (loss) 2 4 13 9
Net profit margin 1% 1% 3% 2%

* Left axis

** Right axis

*** 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 95 110 106 97
Intangible assets 5 5 3 5
Tangible assets 90 105 103 91
Financial assets
Other non-current assets
Current assets 210 198 257 352
Inventories and prepaid expenses 9 13 12 14
Accounts receivable in one year 118 142 158 223
Other current assets
Cash and cash equivalents 83 43 87 115
Total assets 353 340 366 452
Equity 70 77 92 102
Grants and subsidies
Liabilities 134 162 131 123
Financial liabilities 9 20 16 8
Long-term liabilities 18 18 10 4
Short-term liabilities 117 144 120 119
Equity and liabilities 353 340 366 452

* 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) 1% 1% 4% 2%
Return on equity (ROE) 2% 6% 16% 10%
Return on capital employed (ROCE) -55% -5% 2% -10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.06 0.04 0.02
Current Ratio 1.80 1.38 2.13 2.95
Quick ratio 1.73 1.28 2.03 2.84
Turnover ratios
Asset turnover 1.05 1.31 1.29 1.18
Fixed asset turnover 3.89 4.04 4.43 5.51
Equity turnover 5.30 5.78 5.11 5.22
Profitability ratios
EBITDA margin 5% 4% 7% 5%
Operating profit margin -13% -1% 0% -2%
Net profit margin 1% 1% 3% 2%
Other ratios
Dividends to the Municipality 0.08 0.00 0.00 0.00
Dividends paid / net profit 0.03 0.00 0.00 0.00

* Left axis

** Right axis

*** 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 „Tavo pastogė“
  • Legal formPrivate limited liability company (UAB)
  • Company code166576994
  • SectorOther
  • Line of businessApartment management
  • Representing institutionMažeikiai district municipality
  • Share belonging to the Municipal78.1%
https://tavopastoge.lt/
ROE

9.7%

Number of employees

22

Financial data provided as at end-December 2022

Management

  • Vaida GureckytėChief Executive Officer

Information as of: 4/30/2023