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

2021 2022 2023 2024
Revenue 3,341 3,509 4,316 4,233
Cost of goods sold 2,593 3,546 3,322 3,842
Gross profit (loss) 748 -38 994 391
Gross profit margin 22% -1% 23% 9%
Operating expenses 495 607 765 713
Operating profit (loss) 115 -821 36 -398
Operating profit margin 3% -23% 1% -9%
EBITDA 439 -385 793 163
EBITDA margin 13% -11% 18% 4%
Net profit (loss) 116 -711 384 -377
Net profit margin 3% -20% 9% -9%

Balance sheet

2021 2022 2023 2024
Non-current assets 37,626 37,903 40,581 40,722
Intangible assets 0 14 16 6
Tangible assets 37,592 37,863 40,547 40,715
Financial assets
Other non-current assets 34 26 19
Current assets 4,190 3,648 2,558 2,629
Inventories and prepaid expenses 320 313 230 228
Accounts receivable in one year 1,994 2,091 2,194 2,173
Other current assets
Cash and cash equivalents 1,876 1,244 134 228
Total assets 41,827 41,561 43,153 43,368
Equity 7,075 8,237 8,621 10,193
Grants and subsidies 29,294 28,953 31,110 29,768
Liabilities 5,457 4,371 3,422 3,406
Financial liabilities 1,850 2,241 2,656 2,547
Long-term liabilities 1,784 2,098 2,547 2,375
Short-term liabilities 3,673 2,272 874 1,031
Equity and liabilities 41,827 41,561 43,153 43,368

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) 0% -2% 1% -1%
Return on equity (ROE) 2% -9% 5% -4%
Return on capital employed (ROCE) 1% -8% 0% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.05 0.06 0.06
Current Ratio 1.14 1.61 2.93 2.55
Quick ratio 1.05 1.47 2.66 2.33
Turnover ratios
Asset turnover 0.08 0.08 0.10 0.10
Fixed asset turnover 0.09 0.09 0.11 0.10
Equity turnover 0.47 0.43 0.50 0.42
Profitability ratios
EBITDA margin 13% -11% 18% 4%
Operating profit margin 3% -23% 1% -9%
Net profit margin 3% -20% 9% -9%
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 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%
  • Contacts https://telsiuvandenys.lt
ROE

-4.0%

Number of employees

100

Financial data provided as at end-December 2024

Management

  • Saulius UrbonasChief Executive Officer

Information as of: 2025/06/01