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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Visagino Būstas” was established in July 1995 after the re-registration of the state-owned housing company as a special-purpose private limited company. The main activity of the company is the administration and maintenance (operation) of Visaginas city apartment buildings, municipal waste management and operation of surface wastewater networks.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,958 2,283 2,405 2,240
Cost of goods sold 1,549 1,733 1,949 1,977
Gross profit (loss) 410 550 456 264
Gross profit margin 21% 24% 19% 12%
Operating expenses 461 483 520 568
Operating profit (loss) -52 68 -64 -304
Operating profit margin -3% 3% -3% -14%
EBITDA 153 154 116 -125
EBITDA margin 8% 7% 5% -6%
Net profit (loss) 60 52 17 -224
Net profit margin 3% 2% 1% -10%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,370 1,315 1,225 1,162
Intangible assets 0 1 5 17
Tangible assets 1,305 1,250 1,156 1,082
Financial assets
Other non-current assets 66 63 64 63
Current assets 3,569 3,296 3,319 3,101
Inventories and prepaid expenses 111 117 127 143
Accounts receivable in one year 394 290 733 641
Other current assets 200 500 403 600
Cash and cash equivalents 2,863 2,388 2,057 1,717
Total assets 4,944 4,615 4,550 4,270
Equity 2,669 2,681 2,698 2,475
Grants and subsidies 650 647 645 663
Liabilities 1,616 1,284 1,204 1,126
Financial liabilities
Long-term liabilities
Short-term liabilities 1,594 1,260 1,204 1,126
Equity and liabilities 4,944 4,615 4,550 4,270

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 1% 0% -5%
Return on equity (ROE) 2% 2% 1% -9%
Return on capital employed (ROCE) 3% 3% 0% -15%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.24 2.62 2.76 2.75
Quick ratio 2.17 2.52 2.65 2.63
Turnover ratios
Asset turnover 0.42 0.48 0.52 0.51
Fixed asset turnover 1.56 1.70 1.89 1.88
Equity turnover 0.74 0.85 0.89 0.87
Profitability ratios
EBITDA margin 8% 7% 5% -6%
Operating profit margin -3% 3% -3% -14%
Net profit margin 3% 2% 1% -10%
Other ratios
Dividends to the Municipality 40.00
Dividends paid / net profit 0.67

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Visagino būstas“
  • Legal formPrivate limited liability company (UAB)
  • Company code155498117
  • SectorOther
  • Line of businessApartment management
  • Representing institutionVisaginas municipality
  • Share belonging to the Municipal100%
http://visaginobustas.lt/lt/
ROE

-8.6%

Number of employees

134

Financial data provided as at end-December 2021