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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

2019 2020 2021 2022
Revenue 1,023 997 1,109 1,119
Cost of goods sold 747 803 830 1,114
Gross profit (loss) 276 194 279 5
Gross profit margin 27% 19% 25% 0%
Operating expenses 221 173 185 192
Operating profit (loss) -26 -41 33 -262
Operating profit margin -3% -4% 3% -23%
EBITDA 204 226 220 -29
EBITDA margin 20% 23% 20% -3%
Net profit (loss) -22 5 6 -249
Net profit margin -2% 1% 0% -22%

Balance sheet

2019 2020 2021 2022
Non-current assets 7,840 7,726 7,541 7,739
Intangible assets 7 3
Tangible assets 7,834 7,723 7,541 7,739
Financial assets
Other non-current assets
Current assets 234 242 263 223
Inventories and prepaid expenses 21 10 14 24
Accounts receivable in one year 176 163 170 180
Other current assets
Cash and cash equivalents 38 69 78 19
Total assets 8,076 7,970 7,805 7,966
Equity 2,919 2,924 2,930 2,681
Grants and subsidies 3,693 3,717 3,593 3,500
Liabilities 1,464 1,329 1,282 1,785
Financial liabilities 1,249 1,178 1,041 1,522
Long-term liabilities 1,249 1,178 1,041 1,522
Short-term liabilities 214 151 241 263
Equity and liabilities 8,076 7,970 7,805 7,966

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% 0% 0% -3%
Return on equity (ROE) -1% 0% 0% -9%
Return on capital employed (ROCE) -1% -1% 1% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.15 0.13 0.19
Current Ratio 1.09 1.60 1.09 0.85
Quick ratio 1.00 1.54 1.03 0.76
Turnover ratios
Asset turnover 0.13 0.13 0.14 0.14
Fixed asset turnover 0.13 0.13 0.15 0.14
Equity turnover 0.35 0.34 0.38 0.42
Profitability ratios
EBITDA margin 20% 23% 20% -3%
Operating profit margin -3% -4% 3% -23%
Net profit margin -2% 1% 0% -22%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

Expectations of the municipal

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://varenosvandenys.lt/
ROE

-8.9%

Number of employees

43

Financial data provided as at end-December 2022

Management

  • Eimantas KirkliauskasChief Executive Officer

Information as of: 4/30/2023