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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

2018 2019 2020 2021
Revenue 766 784 906 1,036
Cost of goods sold 566 615 778 823
Gross profit (loss) 200 169 128 213
Gross profit margin 26% 22% 14% 21%
Operating expenses 193 147 162 181
Operating profit (loss) 7 22 -34 33
Operating profit margin 1% 3% -4% 3%
EBITDA 106 50 18 110
EBITDA margin 14% 6% 2% 11%
Net profit (loss) 18 6 -35 32
Net profit margin 2% 1% -4% 3%

Balance sheet

2018 2019 2020 2021
Non-current assets 328 287 332 267
Intangible assets 0 1 0 0
Tangible assets 328 286 331 267
Financial assets
Other non-current assets
Current assets 272 277 303 383
Inventories and prepaid expenses 22 21 18 20
Accounts receivable in one year 182 159 212 219
Other current assets
Cash and cash equivalents 68 97 72 143
Total assets 600 605 634 651
Equity 385 391 376 408
Grants and subsidies 87 57 53 38
Liabilities 127 156 205 205
Financial liabilities 13 5 3
Long-term liabilities 8 3 44 29
Short-term liabilities 119 153 161 176
Equity and liabilities 600 605 634 651

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 3% 1% -6% 5%
Return on equity (ROE) 5% 2% -9% 8%
Return on capital employed (ROCE) 8% 3% -14% 14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.01 0.01
Current Ratio 2.29 1.80 1.88 2.17
Quick ratio 2.10 1.67 1.77 2.05
Turnover ratios
Asset turnover 1.30 1.30 1.46 1.61
Fixed asset turnover 2.30 2.55 2.93 3.46
Equity turnover 2.28 2.02 2.36 2.64
Profitability ratios
EBITDA margin 14% 6% 2% 11%
Operating profit margin 1% 3% -4% 3%
Net profit margin 2% 1% -4% 3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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%
www.akmenekom.lt
ROE

8.1%

Number of employees

64

Financial data provided as at end-December 2021