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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

2018 2019 2020 2021
Revenue 998 973 1,070 1,143
Cost of goods sold 646 685 734 783
Gross profit (loss) 352 288 336 360
Gross profit margin 35% 30% 31% 32%
Operating expenses 335 344 390 424
Operating profit (loss) 17 -57 -54 -64
Operating profit margin 2% -6% -5% -6%
EBITDA 105 26 66 -16
EBITDA margin 11% 3% 6% -1%
Net profit (loss) 68 -71 -42 -65
Net profit margin 7% -7% -4% -6%

* Left axis

** Right axis

*** 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 3,501 3,826 669 684
Intangible assets 4 2 8 5
Tangible assets 3,415 3,758 661 638
Financial assets 83 66
Other non-current assets 41
Current assets 909 958 932 1,042
Inventories and prepaid expenses 5 7 6 9
Accounts receivable in one year 279 255 196 232
Other current assets 5 0 1
Cash and cash equivalents 625 691 730 799
Total assets 4,414 4,786 1,603 1,729
Equity 3,791 4,129 896 831
Grants and subsidies 116 110 104 100
Liabilities 508 547 603 799
Financial liabilities
Long-term liabilities
Short-term liabilities 508 547 603 799
Equity and liabilities 4,414 4,786 1,603 1,729

* 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) 2% -2% -1% -4%
Return on equity (ROE) 2% -2% -2% -8%
Return on capital employed (ROCE) 1% -3% -9% -14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 1.79 1.75 1.54 1.30
Quick ratio 1.78 1.74 1.53 1.29
Turnover ratios
Asset turnover 0.24 0.21 0.33 0.69
Fixed asset turnover 0.30 0.27 0.48 1.69
Equity turnover 0.28 0.25 0.43 1.32
Profitability ratios
EBITDA margin 11% 3% 6% -1%
Operating profit margin 2% -6% -5% -6%
Net profit margin 7% -7% -4% -6%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameSĮ Telšių butų ūkis
  • Legal formMunicipality enterprise (SĮ)
  • Company code180102018
  • SectorOther
  • Line of businessApartment management
  • Representing institutionTelšiai district municipality
  • Share belonging to the Municipal100%
www.tbukis.lt
ROE

-7.6%

Number of employees

61

Financial data provided as at end-December 2021