Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Utenos vandenys was registered on April 12, 1995. Its main activities are extraction, improvement and supply of drinking water to consumers; collection, treatment and disposal of wastewater to environmental requirements; operation of water supply and wastewater networks; diagnostics and cleaning of sewer; laboratory control of the drinking water provided and the treated wastewater; control of subscribers billing; development of water management facilities.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 4,708 5,094 6,975 7,125
Cost of goods sold 3,757 4,407 4,283 4,849
Gross profit (loss) 951 688 2,693 2,276
Gross profit margin 20% 13% 39% 32%
Operating expenses 686 763 1,021 1,359
Operating profit (loss) 45 -314 1,532 778
Operating profit margin 1% -6% 22% 11%
EBITDA 1,145 817 2,577 2,059
EBITDA margin 24% 16% 37% 29%
Net profit (loss) 57 -292 1,349 704
Net profit margin 1% -6% 19% 10%

Balance sheet

2021 2022 2023 2024
Non-current assets 47,845 52,558 52,395 50,634
Intangible assets 67 42 379 315
Tangible assets 47,779 52,516 52,016 50,319
Financial assets 0 0
Other non-current assets 0 0
Current assets 4,508 793 1,809 2,253
Inventories and prepaid expenses 321 202 366 309
Accounts receivable in one year 553 497 738 831
Other current assets 0 0 300
Cash and cash equivalents 3,635 94 704 813
Total assets 52,365 53,363 54,218 52,904
Equity 16,803 16,511 17,860 18,413
Grants and subsidies 31,790 32,285 33,416 31,970
Liabilities 3,772 4,567 2,942 2,514
Financial liabilities 2,291 2,489 2,438 1,629
Long-term liabilities 1,920 2,118 2,144 1,629
Short-term liabilities 1,853 2,449 797 886
Equity and liabilities 52,365 53,363 54,218 52,904

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) 0% -1% 3% 1%
Return on equity (ROE) 0% -2% 8% 4%
Return on capital employed (ROCE) 0% -2% 8% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.05 0.04 0.03
Current Ratio 2.43 0.32 2.27 2.54
Quick ratio 2.26 0.24 1.81 2.19
Turnover ratios
Asset turnover 0.09 0.10 0.13 0.13
Fixed asset turnover 0.10 0.10 0.13 0.14
Equity turnover 0.28 0.31 0.39 0.39
Profitability ratios
EBITDA margin 24% 16% 37% 29%
Operating profit margin 1% -6% 22% 11%
Net profit margin 1% -6% 19% 10%
Other ratios
Dividends to the Municipality 0.00 0.00 150.00 0.00
Dividends paid / net profit 0.00 0.00 0.11 0.00

Expectations of the municipal

About the company

  • Official nameUAB „Utenos vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code183633981
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionUtena district municipality
  • Share indirectly belonging to the Municipal0%
  • Contacts https://utenosvandenys.lt
ROE

3.9%

Number of employees

120

Financial data provided as at end-December 2024

Management

  • Gintaras DiržauskasChief Executive Officer

Information as of: 2025/06/01