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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB VAATC was registered in 2003. February 21 The company was established in order to create a Vilnius regional waste management system, and eight Vilnius county municipalities (Elektrėnai, Šalčininkai district, Širvintos district, Švenčionys district, Trakai district, Ukmergė district, Vilnius city and Vilnius district) signed the establishment agreement. The main activity of the company is the supervision and development of the functioning of the waste management system in the Vilnius region.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 16,553 15,784 13,917 15,401
Cost of goods sold 12,367 12,186 10,726 13,696
Gross profit (loss) 4,185 3,598 3,191 1,705
Gross profit margin 25% 23% 23% 11%
Operating expenses 653 651 749 877
Operating profit (loss) 3,529 2,945 2,440 826
Operating profit margin 21% 19% 18% 5%
EBITDA 4,346 3,989 3,629 2,076
EBITDA margin 26% 25% 26% 13%
Net profit (loss) 2,791 2,411 2,349 500
Net profit margin 17% 15% 17% 3%

* Left axis

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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 43,891 42,498 41,801 44,274
Intangible assets 23 10 4 4
Tangible assets 43,793 42,391 40,757 40,043
Financial assets 75 98 1,040 4,227
Other non-current assets
Current assets 22,276 27,876 31,523 30,461
Inventories and prepaid expenses 18 36 105 116
Accounts receivable in one year 5,774 3,347 3,765 3,328
Other current assets 2,000 89 7,017
Cash and cash equivalents 14,481 24,492 27,564 20,000
Total assets 66,195 70,397 73,355 74,776
Equity 18,276 20,687 26,018 26,518
Grants and subsidies 33,057 32,517 30,985 29,552
Liabilities 3,886 4,597 2,043 4,370
Financial liabilities 2,763 2,763 0 0
Long-term liabilities 2,241 2,241
Short-term liabilities 1,644 2,356 2,043 4,370
Equity and liabilities 66,195 70,397 73,355 74,776

* 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) 4% 4% 3% 1%
Return on equity (ROE) 19% 12% 10% 2%
Return on capital employed (ROCE) 17% 13% 9% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.04 0.00 0.00
Current Ratio 13.55 11.83 15.43 6.97
Quick ratio 13.54 11.82 15.38 6.94
Turnover ratios
Asset turnover 0.25 0.22 0.19 0.21
Fixed asset turnover 0.38 0.37 0.33 0.35
Equity turnover 0.91 0.76 0.53 0.58
Profitability ratios
EBITDA margin 26% 25% 26% 13%
Operating profit margin 21% 19% 18% 5%
Net profit margin 17% 15% 17% 3%
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 „VAATC“
  • Legal formPrivate limited liability company (UAB)
  • Company code181705485
  • SectorRegional waste management center
  • Line of businessWaste disposal services
  • Representing institutionVilnius city municipality
    ↑ Controlling (holding the largest share) institution

    Švenčionys district municipality
    Trakai district municipality
    Ukmergė district municipality
    Vilnius district municipality
  • Share belonging to the Municipal75.04%
https://vaatc.lt/
ROE

1.9%

Number of employees

77

Financial data provided as at end-December 2022

Management

  • Tomas VaitkevičiusChief Executive Officer

Information as of: 4/30/2023