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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Vilniaus apšvietimas“ was established on May 11, 1999, and in 2018. November 14 a new name was registered in UAB “Vilniaus apšvietimas”. The main activity of the company is the installation and operation of Vilnius city external lighting networks, architectural (decorative) lighting, festive lighting. The company can also trade in electromechanical materials and lighting equipment, their storage and warehousing, car rental.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 7,242 7,910 8,141 8,528
Cost of goods sold 6,407 6,037 6,318 6,379
Gross profit (loss) 835 1,873 1,823 2,149
Gross profit margin 12% 24% 22% 25%
Operating expenses 718 567 740 889
Operating profit (loss) 117 1,306 1,083 1,260
Operating profit margin 2% 17% 13% 15%
EBITDA 1,301 2,501 2,375 2,714
EBITDA margin 18% 32% 29% 32%
Net profit (loss) 124 1,330 1,148 1,267
Net profit margin 2% 17% 14% 15%

* Left axis

** Right axis

*** 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 21,029 22,327 25,582 26,097
Intangible assets 7 337 309 280
Tangible assets 21,023 21,990 25,273 25,817
Financial assets
Other non-current assets
Current assets 3,344 5,031 14,925 14,359
Inventories and prepaid expenses 597 1,737 2,761 2,616
Accounts receivable in one year 1,529 3,036 1,660 790
Other current assets
Cash and cash equivalents 1,217 257 10,504 10,953
Total assets 24,385 27,369 40,525 40,474
Equity 23,184 24,514 25,662 26,428
Grants and subsidies
Liabilities 1,200 2,855 14,863 14,045
Financial liabilities 153 295 13,974 13,016
Long-term liabilities 116 214 13,016 11,697
Short-term liabilities 1,084 2,642 1,847 2,349
Equity and liabilities 24,385 27,369 40,525 40,474

* 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) 1% 5% 3% 3%
Return on equity (ROE) 1% 6% 5% 5%
Return on capital employed (ROCE) 1% 11% 6% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.01 0.54 0.49
Current Ratio 3.08 1.90 8.08 6.11
Quick ratio 2.53 1.25 6.59 5.00
Turnover ratios
Asset turnover 0.30 0.31 0.24 0.21
Fixed asset turnover 0.34 0.36 0.34 0.33
Equity turnover 0.31 0.33 0.32 0.33
Profitability ratios
EBITDA margin 18% 32% 29% 32%
Operating profit margin 2% 17% 13% 15%
Net profit margin 2% 17% 14% 15%
Other ratios
Dividends to the Municipality 500.00 630.00
Dividends paid / net profit 0.44 0.50

* Left axis

** 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 „Vilniaus apšvietimas“
  • Legal formPrivate limited liability company (UAB)
  • Company code120125820
  • SectorOther
  • Line of businessLighting maintenance
  • Representing institutionVilnius city municipality
  • Share belonging to the Municipal100%
https://vilniausapsvietimas.lt/
ROE

4.9%

Number of employees

111

Financial data provided as at end-December 2021