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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

2018 2019 2020 2021
Revenue 4,979 5,049 4,766 4,708
Cost of goods sold 3,446 3,680 3,695 3,757
Gross profit (loss) 1,534 1,369 1,071 951
Gross profit margin 31% 27% 22% 20%
Operating expenses 990 997 1,000 906
Operating profit (loss) 544 371 71 45
Operating profit margin 11% 7% 1% 1%
EBITDA 1,569 1,392 1,097 1,145
EBITDA margin 31% 28% 23% 24%
Net profit (loss) 485 354 63 57
Net profit margin 10% 7% 1% 1%

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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 39,745 42,235 42,445 47,845
Intangible assets 31 14 12 67
Tangible assets 39,715 42,221 42,433 47,779
Financial assets
Other non-current assets
Current assets 1,717 1,766 2,737 4,508
Inventories and prepaid expenses 172 147 130 321
Accounts receivable in one year 666 609 534 553
Other current assets
Cash and cash equivalents 879 1,010 2,074 3,635
Total assets 41,476 44,017 45,205 52,365
Equity 16,330 16,684 16,747 16,804
Grants and subsidies 23,754 24,780 26,086 31,790
Liabilities 1,391 2,553 2,373 3,772
Financial liabilities 529 1,900 1,884 2,291
Long-term liabilities 443 1,745 1,513 1,920
Short-term liabilities 949 809 860 1,853
Equity and liabilities 41,476 44,017 45,205 52,365

* 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) 1% 1% 0% 0%
Return on equity (ROE) 3% 2% 0% 0%
Return on capital employed (ROCE) 3% 2% 0% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.03 0.11 0.11 0.14
Current Ratio 1.81 2.18 3.18 2.43
Quick ratio 1.63 2.00 3.03 2.26
Turnover ratios
Asset turnover 0.12 0.12 0.11 0.10
Fixed asset turnover 0.13 0.12 0.11 0.10
Equity turnover 0.31 0.31 0.29 0.28
Profitability ratios
EBITDA margin 31% 28% 23% 24%
Operating profit margin 11% 7% 1% 1%
Net profit margin 10% 7% 1% 1%
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

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 belonging to the Municipal100%
www.utenosvandenys.lt
ROE

0.3%

Number of employees

123

Financial data provided as at end-December 2021