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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Naujosios Akmenės komunalininkas was established in 1990. The main activity of the company is the cleaning of city streets and territories, landscaping. The company also manages and repairs street lighting networks, rents equipment, bio-toilets, collects, sorts and transports municipal waste and secondary raw materials.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 784 906 1,036 1,185
Cost of goods sold 615 778 823 933
Gross profit (loss) 169 128 213 252
Gross profit margin 22% 14% 21% 21%
Operating expenses 147 162 181 252
Operating profit (loss) 22 -34 33 0
Operating profit margin 3% -4% 3% -0%
EBITDA 50 18 111 85
EBITDA margin 6% 2% 11% 7%
Net profit (loss) 6 -35 32 0
Net profit margin 1% -4% 3% 0%

Balance sheet

2019 2020 2021 2022
Non-current assets 287 332 267 280
Intangible assets 1 0 0 0
Tangible assets 286 331 267 280
Financial assets
Other non-current assets
Current assets 277 303 383 374
Inventories and prepaid expenses 21 18 20 69
Accounts receivable in one year 159 212 219 118
Other current assets
Cash and cash equivalents 97 72 143 187
Total assets 605 634 651 655
Equity 391 376 408 408
Grants and subsidies 57 53 38 36
Liabilities 156 205 205 211
Financial liabilities 5 3 0 1
Long-term liabilities 3 44 29 13
Short-term liabilities 153 161 176 198
Equity and liabilities 605 634 651 655

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% -6% 5% 0%
Return on equity (ROE) 2% -9% 8% 0%
Return on capital employed (ROCE) 5% -8% 8% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.00 0.00 0.00
Current Ratio 1.80 1.88 2.17 1.89
Quick ratio 1.67 1.77 2.05 1.54
Turnover ratios
Asset turnover 1.30 1.43 1.59 1.81
Fixed asset turnover 2.73 2.73 3.87 4.24
Equity turnover 2.00 2.41 2.54 2.90
Profitability ratios
EBITDA margin 6% 2% 11% 7%
Operating profit margin 3% -4% 3% -0%
Net profit margin 1% -4% 3% 0%
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

Expectations of the municipal

About the company

  • Official nameUAB „Naujosios Akmenės komunalininkas“
  • Legal formPrivate limited liability company (UAB)
  • Company code152903578
  • SectorOther
  • Line of businessWaste disposal services
  • Representing institutionAkmenė district municipality
  • Share belonging to the Municipal100%
https://akmenekom.lt
ROE

0.1%

Number of employees

63

Financial data provided as at end-December 2022

Management

  • Rimvydas ŽilaitisChief Executive Officer

Information as of: 4/30/2023