Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ Telšių butų ūkis was established on 26th of November, 1990. Main activities – multi-apartment residential buildings administration and renovation, heating and hot water systems maintenance, plumbing, electrical and other equipment installation and operation, construction services, landscaping, waste collection service, city sauna and public toilet maintenance.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 1,143 1,203 1,412 1,534
Cost of goods sold 783 880 1,165 1,112
Gross profit (loss) 360 323 247 421
Gross profit margin 32% 27% 17% 27%
Operating expenses 424 411 493 456
Operating profit (loss) -64 -88 -246 -34
Operating profit margin -6% -7% -17% -2%
EBITDA -16 -29 -152 71
EBITDA margin -1% -2% -11% 5%
Net profit (loss) -65 -89 -246 -40
Net profit margin -6% -7% -17% -3%

Balance sheet

2021 2022 2023 2024
Non-current assets 684 890 843 737
Intangible assets 5 18 9 7
Tangible assets 638 872 834 731
Financial assets
Other non-current assets 41
Current assets 1,042 978 821 910
Inventories and prepaid expenses 9 15 15 14
Accounts receivable in one year 232 208 258 229
Other current assets 1
Cash and cash equivalents 799 749 547 668
Total assets 1,729 1,873 1,671 1,653
Equity 831 731 485 429
Grants and subsidies 100 96 91 91
Liabilities 799 1,046 1,094 1,133
Financial liabilities 0 144 148 110
Long-term liabilities 114 110 71
Short-term liabilities 799 932 985 1,062
Equity and liabilities 1,729 1,873 1,671 1,653

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) -4% -5% -14% -2%
Return on equity (ROE) -8% -11% -40% -9%
Return on capital employed (ROCE) -8% -10% -41% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.08 0.09 0.07
Current Ratio 1.30 1.05 0.83 0.86
Quick ratio 1.29 1.03 0.82 0.84
Turnover ratios
Asset turnover 0.66 0.64 0.85 0.93
Fixed asset turnover 1.67 1.35 1.67 2.08
Equity turnover 1.38 1.65 2.91 3.58
Profitability ratios
EBITDA margin -1% -2% -11% 5%
Operating profit margin -6% -7% -17% -2%
Net profit margin -6% -7% -17% -3%
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 nameSĮ Telšių butų ūkis
  • Legal formMunicipality enterprise (SĮ)
  • Company code180102018
  • SectorThe sector of the provision of multifunctional services
  • Line of businessApartment management
  • Representing institutionTelšiai district municipality
  • Share belonging to the Municipal100%
  • Contacts https://tbukis.lt
ROE

-8.9%

Number of employees

55

Financial data provided as at end-December 2024

Management

  • Jurgita PetrauskienėChief Executive Officer

Information as of: 2025/06/01