Akmenės vandenys
UAB „Akmenės vandenys“ was established on the 1st of May, 2001. Since then the company has been extracting and providing supply of drinking water to the citizens as well as collecting and cleaning wastewater. The company also installs and replaces cold water meters, manages surface wastewater, repairs water supply and wastewater networks and builds new ones, installs inputs/outputs.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 1,190 | 1,220 | 1,231 | 1,689 |
| Cost of goods sold | 980 | 976 | 1,231 | 1,158 |
| Gross profit (loss) | 211 | 244 | 0 | 531 |
| Gross profit margin | 18% | 20% | 0% | 31% |
| Operating expenses | 193 | 234 | 274 | 305 |
| Operating profit (loss) | -99 | -113 | -411 | 86 |
| Operating profit margin | -8% | -9% | -33% | 5% |
| EBITDA | 129 | 163 | -133 | 403 |
| EBITDA margin | 11% | 13% | -11% | 24% |
| Net profit (loss) | 8 | 0 | -286 | 205 |
| Net profit margin | 1% | 0% | -23% | 12% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 10,665 | 9,777 | 9,487 | 8,784 |
| Intangible assets | 0 | 0 | 0 | 0 |
| Tangible assets | 10,646 | 9,764 | 9,479 | 8,777 |
| Financial assets | 6 | 6 | 6 | 6 |
| Other non-current assets | 12 | 7 | 2 | 0 |
| Current assets | 532 | 591 | 499 | 819 |
| Inventories and prepaid expenses | 24 | 23 | 25 | 29 |
| Accounts receivable in one year | 354 | 280 | 280 | 303 |
| Other current assets | 0 | 0 | 0 | 0 |
| Cash and cash equivalents | 155 | 288 | 194 | 486 |
| Total assets | 11,203 | 10,375 | 9,992 | 9,606 |
| Equity | 2,434 | 2,600 | 2,617 | 3,170 |
| Grants and subsidies | 8,269 | 7,178 | 6,689 | 5,632 |
| Liabilities | 493 | 589 | 670 | 793 |
| Financial liabilities | 145 | 134 | 124 | 114 |
| Long-term liabilities | 134 | 124 | 114 | 104 |
| Short-term liabilities | 358 | 464 | 556 | 689 |
| Equity and liabilities | 11,203 | 10,375 | 9,992 | 9,606 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | -3% | 2% |
| Return on equity (ROE) | 0% | 0% | -11% | 7% |
| Return on capital employed (ROCE) | -4% | -4% | -15% | 3% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.01 | 0.01 | 0.01 | 0.01 |
| Current Ratio | 1.48 | 1.27 | 0.90 | 1.19 |
| Quick ratio | 1.42 | 1.22 | 0.85 | 1.15 |
| Turnover ratios | ||||
| Asset turnover | 0.11 | 0.12 | 0.12 | 0.18 |
| Fixed asset turnover | 0.11 | 0.12 | 0.13 | 0.19 |
| Equity turnover | 0.49 | 0.47 | 0.47 | 0.53 |
| Profitability ratios | ||||
| EBITDA margin | 11% | 13% | -11% | 24% |
| Operating profit margin | -8% | -9% | -33% | 5% |
| Net profit margin | 1% | 0% | -23% | 12% |
| 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 |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB „Akmenės vandenys“
- Legal formPrivate limited liability company (UAB)
- Company code253255950
- SectorWater utilities
- Line of businessUtilities: water
- Representing institutionAkmenė district municipality
- Share belonging to the Municipal100%
ROE
7.1%
Number of employees
55
Financial data provided as at end-December 2023
Management
- Arvydas SuodisChief Executive Officer
Information as of: 2024/04/30
