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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

2018 2019 2020 2021
Revenue 15,995 16,553 15,784 13,917
Cost of goods sold 11,841 12,367 12,186 10,726
Gross profit (loss) 4,154 4,185 3,598 3,191
Gross profit margin 26% 25% 23% 23%
Operating expenses 646 657 652 751
Operating profit (loss) 3,508 3,529 2,945 2,440
Operating profit margin 22% 21% 19% 18%
EBITDA 4,240 4,346 3,989 3,629
EBITDA margin 27% 26% 25% 26%
Net profit (loss) 2,760 2,791 2,411 2,349
Net profit margin 17% 17% 15% 17%

* 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

2018 2019 2020 2021
Non-current assets 43,859 43,891 42,498 41,801
Intangible assets 63 23 10 4
Tangible assets 41,739 43,793 42,391 40,757
Financial assets 2,057 75 98 1,040
Other non-current assets
Current assets 15,959 22,276 27,876 29,372
Inventories and prepaid expenses 17 18 36 105
Accounts receivable in one year 2,678 5,774 3,347 1,614
Other current assets 2,005 2,000 89
Cash and cash equivalents 11,088 14,481 24,492 27,564
Total assets 59,852 66,195 70,397 71,204
Equity 11,158 18,276 20,687 23,867
Grants and subsidies 31,309 33,057 32,517 30,985
Liabilities 15,906 11,657 12,368 11,048
Financial liabilities 5,046 2,763 2,763
Long-term liabilities 3,920 2,241 2,241
Short-term liabilities 2,822 1,644 2,356 2,043
Equity and liabilities 59,852 66,195 70,397 71,204

* 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) 5% 4% 4% 3%
Return on equity (ROE) 7% 6% 5% 4%
Return on capital employed (ROCE) 12% 11% 9% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12 0.05 0.05
Current Ratio 5.66 13.55 11.83 14.38
Quick ratio 5.65 13.54 11.82 14.33
Turnover ratios
Asset turnover 0.27 0.26 0.23 0.20
Fixed asset turnover 0.37 0.38 0.37 0.33
Equity turnover 1.78 1.12 0.81 0.62
Profitability ratios
EBITDA margin 27% 26% 25% 26%
Operating profit margin 22% 21% 19% 18%
Net profit margin 17% 17% 15% 17%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

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 Municipal100%
https://vaatc.lt/
ROE

4.3%

Number of employees

73

Financial data provided as at end-December 2021