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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 3,188 3,198 3,195 3,196
Cost of goods sold 2,493 2,479 2,431 2,417
Gross profit (loss) 695 719 765 779
Gross profit margin 22% 22% 24% 24%
Operating expenses 654 654 618 578
Operating profit (loss) 41 65 147 200
Operating profit margin 1% 2% 5% 6%
EBITDA 488 473 255 531
EBITDA margin 15% 15% 8% 17%
Net profit (loss) 20 46 112 220
Net profit margin 1% 1% 3% 7%

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* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2017 2018 2019 2020
Non-current assets 26,761 28,359 29,916 36,373
Intangible assets 9 3 3 2
Tangible assets 26,751 28,356 29,913 36,330
Financial assets
Other non-current assets 41
Current assets 1,257 1,229 2,911 3,610
Inventories and prepaid expenses 303 301 291 283
Accounts receivable in one year 511 493 1,984 1,923
Other current assets
Cash and cash equivalents 444 435 637 1,405
Total assets 28,022 29,592 32,832 39,990
Equity 6,399 6,446 6,771 6,969
Grants and subsidies 19,790 21,004 23,064 29,548
Liabilities 1,813 2,142 2,996 3,473
Financial liabilities 1,158 1,388 1,874 1,927
Long-term liabilities 1,056 1,288 1,797 1,850
Short-term liabilities 756 854 1,199 1,623
Equity and liabilities 28,022 29,592 32,832 39,990

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* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 1%
Return on equity (ROE) 1% 2% 3%
Return on capital employed (ROCE) 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.22 0.28 0.28
Current Ratio 1.44 2.43 2.23
Quick ratio 1.09 2.19 2.05
Turnover ratios
Asset turnover 0.11 0.10 0.09
Fixed asset turnover 0.12 0.11 0.10
Equity turnover 0.50 0.48 0.47
Profitability ratios
EBITDA margin 15% 8% 17%
Operating profit margin 2% 5% 6%
Net profit margin 1% 3% 7%
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


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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

3.2%

Number of employees

115

Financial data provided as at end-December 2019

Management

  • Raimondas RačkauskasDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Almantas Lukavičius

Information as of: 2021/06/01