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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Vilniaus vandenys was registered on March 27, 1991. The company’s main activity is water supply and wastewater treatment. UAB Vilniaus vandenys is the largest water supply company in Lithuania. It operates water supply and wastewater management assets not only in Vilnius City, but also in Šalčininkai, Švenčionys and Vilnius districts.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 36,982 33,113 36,984 38,779
Cost of goods sold 20,666 22,881 24,677 26,031
Gross profit (loss) 16,316 10,232 12,307 12,749
Gross profit margin 44% 31% 33% 33%
Operating expenses 9,932 10,582 14,615 13,130
Operating profit (loss) 6,384 -351 -2,308 -381
Operating profit margin 17% -1% -6% -1%
EBITDA 11,873 6,021 5,347 12,057
EBITDA margin 32% 18% 14% 31%
Net profit (loss) 5,554 -240 -1,992 3,120
Net profit margin 15% -1% -5% 8%

* Left axis

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*** 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 117,602 133,547 142,923 157,264
Intangible assets 549 769 758 1,243
Tangible assets 114,320 130,506 142,165 156,021
Financial assets 2,733 2,272
Other non-current assets
Current assets 21,840 8,943 12,741 14,906
Inventories and prepaid expenses 411 386 301 290
Accounts receivable in one year 3,950 3,783 6,373 6,962
Other current assets
Cash and cash equivalents 17,130 4,456 6,043 7,348
Total assets 140,427 143,420 156,663 173,303
Equity 128,162 128,154 129,608 133,218
Grants and subsidies 198 61 44 174
Liabilities 12,067 15,205 27,012 39,912
Financial liabilities 2,141 3,197 10,378 18,046
Long-term liabilities 2,260 3,014 10,582 18,139
Short-term liabilities 9,537 11,124 15,337 20,415
Equity and liabilities 140,427 143,420 156,663 173,303

* 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) 4% -0% -1% 2%
Return on equity (ROE) 4% -0% -2% 2%
Return on capital employed (ROCE) 10% -0% -3% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.08 0.14
Current Ratio 2.29 0.80 0.83 0.73
Quick ratio 2.25 0.77 0.81 0.72
Turnover ratios
Asset turnover 0.27 0.23 0.25 0.24
Fixed asset turnover 0.32 0.26 0.27 0.26
Equity turnover 0.30 0.26 0.29 0.30
Profitability ratios
EBITDA margin 32% 18% 14% 31%
Operating profit margin 17% -1% -6% -1%
Net profit margin 15% -1% -5% 8%
Other ratios
Dividends to the Municipality 3,000.00
Dividends paid / net profit 0.54

* Left axis

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*** 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 vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code120545849
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionVilnius city municipality
    ↑ Controlling (holding the largest share) institution

    Šalčininkai district municipality
    Švenčionys district municipality
    Vilnius district municipality
  • Share belonging to the Municipal100%
https://vv.lt/lt/
ROE

2.4%

Number of employees

659

Financial data provided as at end-December 2021