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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

2019 2020 2021 2022
Revenue 7,910 8,141 8,528 10,512
Cost of goods sold 6,037 6,318 6,379 8,557
Gross profit (loss) 1,873 1,823 2,149 1,955
Gross profit margin 24% 22% 25% 19%
Operating expenses 567 740 889 900
Operating profit (loss) 1,306 1,083 1,260 1,055
Operating profit margin 17% 13% 15% 10%
EBITDA 2,501 2,375 2,714 2,863
EBITDA margin 32% 29% 32% 27%
Net profit (loss) 1,330 1,148 1,267 1,055
Net profit margin 17% 14% 15% 10%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 22,327 25,582 26,097 25,749
Intangible assets 337 309 280 263
Tangible assets 21,990 25,273 25,817 25,486
Financial assets 0 0
Other non-current assets 0 0
Current assets 5,031 14,925 14,359 13,736
Inventories and prepaid expenses 1,737 2,761 2,616 3,091
Accounts receivable in one year 3,036 1,660 790 1,570
Other current assets 0 0
Cash and cash equivalents 257 10,504 10,953 9,076
Total assets 27,369 40,525 40,474 39,512
Equity 24,514 25,662 26,428 26,854
Grants and subsidies 0 115
Liabilities 2,855 14,863 14,045 12,544
Financial liabilities 295 13,974 13,016 11,697
Long-term liabilities 214 13,016 11,697 10,374
Short-term liabilities 2,642 1,847 2,349 2,170
Equity and liabilities 27,369 40,525 40,474 39,512

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 5% 3% 3% 3%
Return on equity (ROE) 6% 5% 5% 4%
Return on capital employed (ROCE) 5% 3% 3% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.34 0.32 0.30
Current Ratio 1.90 8.08 6.11 6.33
Quick ratio 1.25 6.59 5.00 4.91
Turnover ratios
Asset turnover 0.29 0.20 0.21 0.27
Fixed asset turnover 0.35 0.32 0.33 0.41
Equity turnover 0.32 0.32 0.32 0.39
Profitability ratios
EBITDA margin 32% 29% 32% 27%
Operating profit margin 17% 13% 15% 10%
Net profit margin 17% 14% 15% 10%
Other ratios
Dividends to the Municipality 0.00 500.00 630.00 520.00
Dividends paid / net profit 0.00 0.44 0.50 0.49

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

Financial statments

2021 m. metinės ataskaitos
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/
Return to the Municipality

520 EUR thousand

ROE

4.0%

Number of employees

109

Financial data provided as at end-December 2022

Management

  • Andrius DeimantasChief Executive Officer

Information as of: 4/30/2023