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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 398 395 370 445
Cost of goods sold 143 161 142 172
Gross profit (loss) 255 234 228 273
Gross profit margin 64% 59% 62% 61%
Operating expenses 260 247 276 278
Operating profit (loss) -5 -13 -48 -5
Operating profit margin -1% -3% -13% -1%
EBITDA 7 17 18 19
EBITDA margin 2% 4% 5% 4%
Net profit (loss) 2 2 2 4
Net profit margin 0% 0% 1% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 118 112 95 110
Intangible assets 1 9 5 5
Tangible assets 113 103 90 105
Financial assets
Other non-current assets 5
Current assets 255 267 210 198
Inventories and prepaid expenses 11 10 9 13
Accounts receivable in one year 162 176 118 142
Other current assets
Cash and cash equivalents 81 81 83 43
Total assets 409 440 353 340
Equity 129 133 70 77
Grants and subsidies
Liabilities 280 307 283 263
Financial liabilities 0 23 9 20
Long-term liabilities 40 38 18 18
Short-term liabilities 95 107 117 144
Equity and liabilities 409 440 353 340

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 1% 1%
Return on equity (ROE) 1% 2% 6%
Return on capital employed (ROCE) 0% 1% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.17 0.13 0.25
Current Ratio 2.49 1.80 1.38
Quick ratio 2.39 1.73 1.28
Turnover ratios
Asset turnover 0.93 0.93 1.28
Fixed asset turnover 3.44 3.57 4.34
Equity turnover 3.02 3.65 6.07
Profitability ratios
EBITDA margin 4% 5% 4%
Operating profit margin -3% -13% -1%
Net profit margin 0% 1% 1%
Other ratios
Dividends to the Municipality 0.08 0.08
Dividends paid / net profit 0.05 0.03

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Expectations of the municipal

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

5.6%

Number of employees

23

Financial data provided as at end-December 2019

Management

  • Vaida GureckytėDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Nerijus Rapšys

MEMBERS OF THE BOARD OF DIRECTORS

  • Lina Vasiliauskienė
  • Simona Čivinskė

Information as of: 2021/06/01