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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

2019 2020 2021 2022
Revenue 3,195 3,196 3,341 3,509
Cost of goods sold 2,431 2,417 2,593 3,546
Gross profit (loss) 765 779 748 -38
Gross profit margin 24% 24% 22% -1%
Operating expenses 460 422 495 607
Operating profit (loss) 147 200 115 -821
Operating profit margin 5% 6% 3% -23%
EBITDA 255 531 439 -288
EBITDA margin 8% 17% 13% -8%
Net profit (loss) 112 220 116 -711
Net profit margin 3% 7% 3% -20%

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

Balance sheet

2019 2020 2021 2022
Non-current assets 29,916 36,373 37,626 37,903
Intangible assets 3 2 0 14
Tangible assets 29,913 36,330 37,592 37,863
Financial assets
Other non-current assets 41 34 26
Current assets 2,911 3,610 4,190 3,648
Inventories and prepaid expenses 291 283 320 313
Accounts receivable in one year 1,984 1,923 1,994 2,091
Other current assets
Cash and cash equivalents 637 1,405 1,876 1,244
Total assets 32,832 39,989 41,827 41,561
Equity 6,771 6,969 7,075 8,237
Grants and subsidies 23,064 29,548 29,294 28,953
Liabilities 2,996 3,473 5,457 4,371
Financial liabilities 1,874 1,927 1,861 2,251
Long-term liabilities 1,797 1,850 1,784 2,099
Short-term liabilities 1,199 1,623 3,673 2,272
Equity and liabilities 32,832 39,989 41,827 41,561

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% 1% 0% -2%
Return on equity (ROE) 2% 3% 2% -9%
Return on capital employed (ROCE) 2% 2% 1% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.05 0.04 0.05
Current Ratio 2.43 2.23 1.14 1.61
Quick ratio 2.19 2.05 1.05 1.47
Turnover ratios
Asset turnover 0.10 0.08 0.08 0.08
Fixed asset turnover 0.11 0.09 0.09 0.09
Equity turnover 0.47 0.46 0.47 0.43
Profitability ratios
EBITDA margin 8% 17% 13% -8%
Operating profit margin 5% 6% 3% -23%
Net profit margin 3% 7% 3% -20%
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

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*** 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 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%
https://telsiuvandenys.lt
ROE

-9.3%

Number of employees

109

Financial data provided as at end-December 2022