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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,041 1,106 1,135 1,190
Cost of goods sold 815 914 938 980
Gross profit (loss) 227 192 196 211
Gross profit margin 22% 17% 17% 18%
Operating expenses 324 315 295 309
Operating profit (loss) -97 -123 -98 -99
Operating profit margin -9% -11% -9% -8%
EBITDA 122 164 163 129
EBITDA margin 12% 15% 14% 11%
Net profit (loss) -17 -4 9 8
Net profit margin -2% -0% 1% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 11,886 11,052 10,875 10,665
Intangible assets 0 0 0 0
Tangible assets 11,879 11,045 10,855 10,646
Financial assets 6 6 6 6
Other non-current assets 1 0 14 12
Current assets 679 616 573 532
Inventories and prepaid expenses 210 162 21 24
Accounts receivable in one year 294 257 363 354
Other current assets 0 0 0 0
Cash and cash equivalents 175 197 189 155
Total assets 12,566 11,669 11,454 11,203
Equity 2,002 2,116 2,300 2,434
Grants and subsidies 10,141 8,990 8,615 8,269
Liabilities 418 558 529 493
Financial liabilities 175 165 155 145
Long-term liabilities 175 165 155 134
Short-term liabilities 243 393 374 358
Equity and liabilities 12,566 11,669 11,454 11,203

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) -11% 0% 0% 0%
Return on equity (ROE) -13% 0% 0% 0%
Return on capital employed (ROCE) -27% -1% -1% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.08 0.07 0.06
Current Ratio 0.91 1.57 1.53 1.48
Quick ratio 0.18 1.16 1.48 1.42
Turnover ratios
Asset turnover 0.77 0.09 0.10 0.11
Fixed asset turnover 0.95 0.10 0.10 0.11
Equity turnover 0.93 0.54 0.51 0.50
Profitability ratios
EBITDA margin -10% 15% 14% 11%
Operating profit margin -14% -11% -9% -8%
Net profit margin -14% -0% 1% 1%
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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Financial statments

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 Municipal97.45%
www.akmenesvandenys.lt
ROE

0.3%

Number of employees

62

Financial data provided as at end-December 2020