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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Telšių vandenys was established on March 17, 1995. Its main activities are the supply of drinking water and wastewater management, as well as the management of surface wastewater on the territory of the Telšiai district municipality. UAB Telšių vandenys supplies drinking water to the city of Telšiai, 42 settlements and garden communities located in the agglomeration zone of Telšiai city.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 3,198 3,195 3,196 3,341
Cost of goods sold 2,479 2,431 2,417 2,593
Gross profit (loss) 719 765 779 748
Gross profit margin 22% 24% 24% 22%
Operating expenses 654 618 578 633
Operating profit (loss) 65 147 200 115
Operating profit margin 2% 5% 6% 3%
EBITDA 473 255 531 439
EBITDA margin 15% 8% 17% 13%
Net profit (loss) 46 112 220 116
Net profit margin 1% 3% 7% 3%

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*** 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 28,359 29,916 36,373 37,626
Intangible assets 3 3 2 0
Tangible assets 28,356 29,913 36,330 37,592
Financial assets
Other non-current assets 41 34
Current assets 1,229 2,911 3,610 4,190
Inventories and prepaid expenses 301 291 283 320
Accounts receivable in one year 493 1,984 1,923 1,994
Other current assets
Cash and cash equivalents 435 637 1,405 1,876
Total assets 29,592 32,832 39,989 41,827
Equity 6,446 6,771 6,969 7,075
Grants and subsidies 21,004 23,064 29,548 29,294
Liabilities 2,142 2,996 3,473 5,457
Financial liabilities 1,388 1,874 1,927 1,861
Long-term liabilities 1,288 1,797 1,850 1,784
Short-term liabilities 854 1,199 1,623 3,673
Equity and liabilities 29,592 32,832 39,989 41,827

* 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) 0% 0% 1% 0%
Return on equity (ROE) 1% 2% 3% 2%
Return on capital employed (ROCE) 1% 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.22 0.28 0.28 0.26
Current Ratio 1.44 2.43 2.23 1.14
Quick ratio 1.09 2.19 2.05 1.05
Turnover ratios
Asset turnover 0.11 0.10 0.09 0.08
Fixed asset turnover 0.12 0.11 0.10 0.09
Equity turnover 0.50 0.48 0.47 0.48
Profitability ratios
EBITDA margin 15% 8% 17% 13%
Operating profit margin 2% 5% 6% 3%
Net profit margin 1% 3% 7% 3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Telšių vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code180153137
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionTelšiai district municipality
  • Share belonging to the Municipal100%
www.telsiuvandenys.lt
ROE

1.7%

Number of employees

110

Financial data provided as at end-December 2021