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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

2019 2020 2021 2022
Revenue 33,113 36,984 38,779 40,994
Cost of goods sold 22,881 24,677 26,031 32,617
Gross profit (loss) 10,232 12,307 12,749 8,377
Gross profit margin 31% 33% 33% 20%
Operating expenses 6,713 10,558 8,683 10,848
Operating profit (loss) -351 -2,308 -381 -7,203
Operating profit margin -1% -6% -1% -18%
EBITDA 6,021 5,347 12,057 1,928
EBITDA margin 18% 14% 31% 5%
Net profit (loss) -240 -1,992 3,120 -6,002
Net profit margin -1% -5% 8% -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

2019 2020 2021 2022
Non-current assets 133,547 142,923 157,264 192,456
Intangible assets 769 758 1,243 1,322
Tangible assets 130,506 142,165 156,021 190,372
Financial assets 2,272 254
Other non-current assets 508
Current assets 8,943 12,741 14,906 17,643
Inventories and prepaid expenses 386 301 290 446
Accounts receivable in one year 3,783 6,373 6,963 4,886
Other current assets
Cash and cash equivalents 4,456 6,043 7,348 12,295
Total assets 143,420 156,663 173,303 211,203
Equity 128,154 129,608 133,218 139,925
Grants and subsidies 61 44 174 161
Liabilities 14,138 25,919 35,322 70,104
Financial liabilities 3,197 10,378 18,046 40,382
Long-term liabilities 3,014 10,582 18,625 40,274
Short-term liabilities 11,124 15,337 16,697 29,830
Equity and liabilities 143,420 156,663 173,303 211,203

* 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) -0% -1% 2% -3%
Return on equity (ROE) -0% -2% 2% -4%
Return on capital employed (ROCE) -0% -2% -0% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.07 0.10 0.19
Current Ratio 0.80 0.83 0.89 0.59
Quick ratio 0.77 0.81 0.88 0.58
Turnover ratios
Asset turnover 0.23 0.24 0.22 0.19
Fixed asset turnover 0.25 0.26 0.25 0.21
Equity turnover 0.26 0.29 0.29 0.29
Profitability ratios
EBITDA margin 18% 14% 31% 5%
Operating profit margin -1% -6% -1% -18%
Net profit margin -1% -5% 8% -15%
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

* Left axis

** Right axis

*** 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 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 Municipal90.79%
https://vv.lt/lt/
ROE

-4.4%

Number of employees

621

Financial data provided as at end-December 2022

Management

  • Saulius SavickasChief Executive Officer

Information as of: 2023/04/30