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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ “Vilniaus miesto būstas” was established on 28 May 2008. reorganization of UAB “Bendruva”. The main activity of the company is the administration of residential and non-residential premises of Vilnius City Municipality, intended for use by residents as auxiliary premises. Also, the organization of the provision of state support for the provision of residential premises to the residents of Vilnius, the organization of the accommodation of social housing and other residential premises, the organization of the sale of municipal housing and auxiliary farm buildings.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 2,562 2,654 2,686 2,764
Cost of goods sold 1,251 1,347 1,414 1,450
Gross profit (loss) 1,311 1,308 1,272 1,314
Gross profit margin 51% 49% 47% 48%
Operating expenses 460 770 1,172 1,168
Operating profit (loss) 851 538 99 146
Operating profit margin 33% 20% 4% 5%
EBITDA 1,585 1,271 862 910
EBITDA margin 62% 48% 32% 33%
Net profit (loss) 877 610 150 199
Net profit margin 34% 23% 6% 7%

Balance sheet

2018 2019 2020 2021
Non-current assets 50,235 50,254 51,482 51,924
Intangible assets 7 10 12 25
Tangible assets 50,222 50,242 51,462 51,895
Financial assets 6 2 8 4
Other non-current assets
Current assets 4,013 4,146 4,593 4,507
Inventories and prepaid expenses 159 184 193 217
Accounts receivable in one year 1,039 734 644 624
Other current assets
Cash and cash equivalents 2,815 3,228 3,756 3,666
Total assets 54,249 54,401 56,085 56,442
Equity 52,783 53,472 55,212 56,194
Grants and subsidies
Liabilities 1,466 929 873 249
Financial liabilities 307
Long-term liabilities
Short-term liabilities 1,466 929 873 249
Equity and liabilities 54,249 54,401 56,085 56,442

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 1% 0% 0%
Return on equity (ROE) 2% 1% 0% 0%
Return on capital employed (ROCE) 3% 2% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01
Current Ratio 2.74 4.46 5.26 18.14
Quick ratio 2.63 4.26 5.04 17.26
Turnover ratios
Asset turnover 0.05 0.05 0.05 0.05
Fixed asset turnover 0.05 0.05 0.05 0.05
Equity turnover 0.05 0.05 0.05 0.05
Profitability ratios
EBITDA margin 62% 48% 32% 33%
Operating profit margin 33% 20% 4% 5%
Net profit margin 34% 23% 6% 7%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameSĮ „Vilniaus miesto būstas“
  • Legal formMunicipality enterprise (SĮ)
  • Company code124568293
  • SectorOther
  • Line of businessApartment management
  • Representing institutionVilnius city municipality
  • Share belonging to the Municipal100%
https://www.vmb.lt/
ROE

0.4%

Number of employees

40

Financial data provided as at end-December 2021