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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Trakų vandenys was registered on September 30, 1998. Its main activities are water extraction and supply, sewage disposal and treatment, and wastewater removal by sewage disposal vehicles. The company also manages surface wastewater, builds water supply and sewage networks, and rents machinery and vehicles.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 1,835 1,726 2,003 2,514
Cost of goods sold 1,465 1,428 1,520 2,175
Gross profit (loss) 371 298 483 338
Gross profit margin 20% 17% 24% 13%
Operating expenses 485 460 493 612
Operating profit (loss) -274 -283 -112 -387
Operating profit margin -15% -16% -6% -15%
EBITDA 19 85 142 -72
EBITDA margin 1% 5% 7% -3%
Net profit (loss) -187 -121 -82 -373
Net profit margin -10% -7% -4% -15%

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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 24,962 25,789 26,490 26,473
Intangible assets 17 13 7 4
Tangible assets 24,945 25,776 26,483 26,469
Financial assets 0
Other non-current assets 0
Current assets 487 737 551 668
Inventories and prepaid expenses 20 21 32 36
Accounts receivable in one year 238 211 288 318
Other current assets 0
Cash and cash equivalents 228 505 231 314
Total assets 25,457 26,530 27,049 27,156
Equity 4,140 4,227 4,266 3,975
Grants and subsidies 19,957 19,541 19,686 19,605
Liabilities 1,360 2,763 3,097 3,576
Financial liabilities 92 13 661 966
Long-term liabilities 12 1 593 872
Short-term liabilities 1,348 2,762 2,504 2,704
Equity and liabilities 25,457 26,530 27,049 27,156

* 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) -1% -0% -0% -1%
Return on equity (ROE) -5% -3% -2% -9%
Return on capital employed (ROCE) -7% -7% -2% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.02 0.04
Current Ratio 0.36 0.27 0.22 0.25
Quick ratio 0.35 0.26 0.21 0.23
Turnover ratios
Asset turnover 0.07 0.07 0.07 0.09
Fixed asset turnover 0.07 0.07 0.08 0.09
Equity turnover 0.44 0.41 0.47 0.63
Profitability ratios
EBITDA margin 1% 5% 7% -3%
Operating profit margin -15% -16% -6% -15%
Net profit margin -10% -7% -4% -15%
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

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Trakų vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code281523640
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionTrakai district municipality
  • Share belonging to the Municipal100%
https://trakuvandenys.lt
ROE

-9.0%

Number of employees

70

Financial data provided as at end-December 2022

Management

  • Romualdas IngelevičiusChief Executive Officer

Information as of: 4/30/2023