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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2016 2017 2018 2019
Revenue 66,742 64,322 54,563 54,756
Cost of goods sold 7,144 7,948 10,417 11,336
Gross profit (loss) 59,598 56,374 44,146 43,420
Gross profit margin 89% 88% 81% 79%
Operating expenses 34,834 68,090 69,849 29,208
Operating profit (loss) 24,764 -11,716 -25,703 14,212
Operating profit margin 37% -18% -47% 26%
EBITDA 40,635 2,721 -12,984 24,371
EBITDA margin 61% 4% -24% 45%
Net profit (loss) 20,928 -9,861 -21,608 11,838
Net profit margin 31% -15% -40% 22%

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Balance sheet

2016 2017 2018 2019
Non-current assets 2,281 2,786 2,917 3,211
Intangible assets 11 8 9 13
Tangible assets 2,270 2,659 2,886 3,184
Financial assets 101
Other non-current assets 18 23 14
Biological assets
Current assets 1,559 1,508 1,087 676
Inventories and prepaid expenses 188 147 266 224
Accounts receivable in one year 417 384 334 247
Other current assets 202 101
Cash and cash equivalents 752 876 487 205
Total assets 3,881 4,342 4,015 3,898
Equity 3,654 4,032 3,742 3,276
Minority share of capital
Grants and subsidies
Liabilities 226 310 272 622
Financial liabilities 245
Long-term liabilities 8 197
Short-term liabilities 226 310 251 421
Equity and liabilities 3,880 4,342 4,015 3,898

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Financial ratios

2016 2017 2018 2019
Capital return ratios
Return on assets (ROA) 3% 2% 3% 3%
Return on equity (ROE) 5% 2% 5% 6%
Return on capital employed (ROCE) 11% 6% 13% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.95 3.40 2.04 1.84
Quick ratio 2.94 3.38 2.03 1.84
Turnover ratios
Asset turnover 7.34 9.54 10.03 9.49
Fixed asset turnover 27.53 33.17 72.93 395.02
Equity turnover 11.15 12.29 15.54 19.86
Profitability ratios
EBITDA margin 1% 1% 1% 0%
Operating profit margin 0% 0% 0% 0%
Net profit margin 0% 0% 0% 0%
Other ratios
Dividends to the State 12.46 131.76 50.90
Dividends paid / net profit 0.50 5.81 3.15

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Expectations of the state

About the company

  • Legal formPrivate limited liability company (UAB)
  • Company code253255950
  • SectorWater utilities
  • Line of businessOther
  • Institution representing the StateAkmenė district municipality
  • Share belonging to the State100%
Return to the Municipality

3 EUR thousand

ROE

2.0%

Number of employees

55

Financial data provided as at end-December 2019