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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 1,106 1,135 1,190 1,220
Cost of goods sold 914 938 980 976
Gross profit (loss) 192 196 211 244
Gross profit margin 17% 17% 18% 20%
Operating expenses 315 295 309 357
Operating profit (loss) -123 -98 -99 -113
Operating profit margin -11% -9% -8% -9%
EBITDA 164 163 129 163
EBITDA margin 15% 14% 11% 13%
Net profit (loss) -4 9 8 0
Net profit margin -0% 1% 1% 0%

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

Balance sheet

2018 2019 2020 2021
Non-current assets 11,052 10,875 10,665 9,777
Intangible assets
Tangible assets 11,045 10,855 10,646 9,764
Financial assets 6 6 6 6
Other non-current assets 0 14 12 7
Current assets 616 573 532 591
Inventories and prepaid expenses 162 21 24 23
Accounts receivable in one year 257 363 354 280
Other current assets
Cash and cash equivalents 197 189 155 288
Total assets 11,669 11,454 11,203 10,375
Equity 2,116 2,300 2,434 2,600
Grants and subsidies 8,990 8,615 8,269 7,178
Liabilities 558 529 493 589
Financial liabilities 165 155 145 134
Long-term liabilities 165 155 134 124
Short-term liabilities 393 374 358 464
Equity and liabilities 11,669 11,454 11,203 10,375

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -0% 0% 0% 0%
Return on equity (ROE) -0% 0% 0% 0%
Return on capital employed (ROCE) -1% -1% -1% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.07 0.06 0.05
Current Ratio 1.57 1.53 1.48 1.27
Quick ratio 1.16 1.48 1.42 1.22
Turnover ratios
Asset turnover 0.09 0.10 0.11 0.11
Fixed asset turnover 0.10 0.10 0.11 0.12
Equity turnover 0.54 0.51 0.50 0.48
Profitability ratios
EBITDA margin 15% 14% 11% 13%
Operating profit margin -11% -9% -8% -9%
Net profit margin -0% 1% 1% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2020 m. metinės ataskaitos

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%
https://akmenesvandenys.lt
ROE

0.0%

Number of employees

59

Financial data provided as at end-December 2021