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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 974 979 1,023 997
Cost of goods sold 700 703 747 803
Gross profit (loss) 274 276 276 194
Gross profit margin 28% 28% 27% 19%
Operating expenses 276 303 302 235
Operating profit (loss) -3 -28 -26 -41
Operating profit margin -0% -3% -3% -4%
EBITDA 246 203 204 226
EBITDA margin 25% 21% 20% 23%
Net profit (loss) 32 -4 -22 5
Net profit margin 3% -0% -2% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 6,045 7,633 7,840 7,726
Intangible assets 4 12 7 3
Tangible assets 6,041 7,621 7,834 7,723
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Current assets 1,041 600 234 242
Inventories and prepaid expenses 12 20 21 10
Accounts receivable in one year 968 514 176 163
Other current assets 0 0 0 0
Cash and cash equivalents 61 66 38 69
Total assets 7,088 8,238 8,076 7,970
Equity 2,945 2,941 2,919 2,924
Grants and subsidies 2,459 3,123 3,693 3,717
Liabilities 1,684 2,174 1,464 1,329
Financial liabilities 719 1,033 1,249 1,178
Long-term liabilities 615 928 1,249 1,178
Short-term liabilities 1,069 1,246 214 151
Equity and liabilities 7,088 8,238 8,076 7,970

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 0% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.35 0.43 0.40
Current Ratio 0.00 0.48 1.09 1.60
Quick ratio 0.00 0.47 1.00 1.54
Turnover ratios
Asset turnover 0.00 0.13 0.13 0.12
Fixed asset turnover 0.00 0.14 0.13 0.13
Equity turnover 0.00 0.33 0.35 0.34
Profitability ratios
EBITDA margin 0% 21% 20% 23%
Operating profit margin 0% -3% -3% -4%
Net profit margin 0% -0% -2% 1%
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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Financial statments

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://www.varenosvandenys.lt/
ROE

0.2%

Number of employees

45

Financial data provided as at end-December 2020