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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Varėnos vandenys was registered on May 8, 1996. The company main activities are water collection, treatment and supply.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 979 1,023 997 1,109
Cost of goods sold 703 747 803 830
Gross profit (loss) 276 276 194 279
Gross profit margin 28% 27% 19% 25%
Operating expenses 303 302 235 246
Operating profit (loss) -28 -26 -41 33
Operating profit margin -3% -3% -4% 3%
EBITDA 203 204 226 231
EBITDA margin 21% 20% 23% 21%
Net profit (loss) -4 -22 5 6
Net profit margin -0% -2% 1% 0%

* 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 7,633 7,840 7,725 7,541
Intangible assets 12 7 2
Tangible assets 7,621 7,834 7,723 7,541
Financial assets
Other non-current assets
Current assets 600 234 242 263
Inventories and prepaid expenses 20 21 10 14
Accounts receivable in one year 514 176 163 170
Other current assets
Cash and cash equivalents 66 38 69 78
Total assets 8,238 8,076 7,970 7,805
Equity 2,941 2,919 2,924 2,930
Grants and subsidies 3,123 3,693 3,717 3,593
Liabilities 2,174 1,464 1,329 1,282
Financial liabilities 1,033 1,249 1,178 1,041
Long-term liabilities 928 1,249 1,178 1,041
Short-term liabilities 1,246 214 151 241
Equity and liabilities 8,238 8,076 7,970 7,805

* 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) -0% -0% 0% 0%
Return on equity (ROE) -0% -1% 0% 0%
Return on capital employed (ROCE) 0% 0% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.35 0.43 0.40 0.36
Current Ratio 0.48 1.09 1.60 1.09
Quick ratio 0.47 1.00 1.54 1.03
Turnover ratios
Asset turnover 0.13 0.13 0.12 0.14
Fixed asset turnover 0.14 0.13 0.13 0.15
Equity turnover 0.33 0.35 0.34 0.38
Profitability ratios
EBITDA margin 21% 20% 23% 21%
Operating profit margin -3% -3% -4% 3%
Net profit margin -0% -2% 1% 0%
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 „Varėnos vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code184626819
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionVarėna district municipality
  • Share belonging to the Municipal100%
https://www.varenosvandenys.lt/
ROE

0.2%

Number of employees

43

Financial data provided as at end-December 2021