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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

2019 2020 2021 2022
Revenue 5,049 4,766 4,708 5,095
Cost of goods sold 3,680 3,695 3,757 4,407
Gross profit (loss) 1,369 1,071 951 688
Gross profit margin 27% 22% 20% 13%
Operating expenses 783 792 686 763
Operating profit (loss) 371 71 45 -314
Operating profit margin 7% 1% 1% -6%
EBITDA 1,392 1,097 1,145 817
EBITDA margin 28% 23% 24% 16%
Net profit (loss) 354 63 57 -292
Net profit margin 7% 1% 1% -6%

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

Balance sheet

2019 2020 2021 2022
Non-current assets 42,235 42,445 47,845 52,558
Intangible assets 14 12 67 42
Tangible assets 42,221 42,433 47,779 52,515
Financial assets
Other non-current assets
Current assets 1,766 2,737 4,508 793
Inventories and prepaid expenses 147 130 321 202
Accounts receivable in one year 609 534 553 497
Other current assets 0
Cash and cash equivalents 1,010 2,074 3,635 94
Total assets 44,017 45,205 52,365 53,363
Equity 16,684 16,747 16,803 16,511
Grants and subsidies 24,780 26,086 31,790 32,285
Liabilities 2,553 2,373 3,772 4,567
Financial liabilities 1,900 1,884 2,291 2,489
Long-term liabilities 1,745 1,513 1,920 2,118
Short-term liabilities 809 860 1,853 2,449
Equity and liabilities 44,017 45,205 52,365 53,363

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% 0% 0% -1%
Return on equity (ROE) 2% 0% 0% -2%
Return on capital employed (ROCE) 2% 0% 0% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.04 0.04 0.05
Current Ratio 2.18 3.18 2.43 0.32
Quick ratio 2.00 3.03 2.26 0.24
Turnover ratios
Asset turnover 0.11 0.11 0.09 0.10
Fixed asset turnover 0.12 0.11 0.10 0.10
Equity turnover 0.30 0.28 0.28 0.31
Profitability ratios
EBITDA margin 28% 23% 24% 16%
Operating profit margin 7% 1% 1% -6%
Net profit margin 7% 1% 1% -6%
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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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://utenosvandenys.lt
ROE

-1.8%

Number of employees

117

Financial data provided as at end-December 2022

Management

  • Gintaras DiržauskasChief Executive Officer

Information as of: 4/30/2023