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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

2019 2020 2021 2022
Revenue 2,283 2,405 2,240 2,592
Cost of goods sold 1,733 1,949 1,977 1,999
Gross profit (loss) 550 456 264 593
Gross profit margin 24% 19% 12% 23%
Operating expenses 300 338 368 368
Operating profit (loss) 68 -64 -304 43
Operating profit margin 3% -3% -14% 2%
EBITDA 154 116 -125 224
EBITDA margin 7% 5% -6% 9%
Net profit (loss) 52 17 -224 106
Net profit margin 2% 1% -10% 4%

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*** 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 1,315 1,225 1,162 1,095
Intangible assets 1 5 17 10
Tangible assets 1,250 1,156 1,082 1,023
Financial assets
Other non-current assets 63 64 63 62
Current assets 3,296 3,319 3,101 3,299
Inventories and prepaid expenses 117 127 143 130
Accounts receivable in one year 290 733 641 420
Other current assets 500 403 600 1,400
Cash and cash equivalents 2,388 2,057 1,717 1,350
Total assets 4,615 4,550 4,270 4,414
Equity 2,681 2,698 2,475 2,593
Grants and subsidies 647 645 663 660
Liabilities 1,260 1,204 1,126 1,145
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 1,260 1,204 1,126 1,145
Equity and liabilities 4,615 4,550 4,270 4,414

* 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) 1% 0% -5% 2%
Return on equity (ROE) 2% 1% -9% 4%
Return on capital employed (ROCE) 3% -2% -12% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 2.62 2.76 2.75 2.88
Quick ratio 2.52 2.65 2.63 2.77
Turnover ratios
Asset turnover 0.49 0.53 0.52 0.59
Fixed asset turnover 1.74 1.96 1.93 2.37
Equity turnover 0.85 0.89 0.91 1.00
Profitability ratios
EBITDA margin 7% 5% -6% 9%
Operating profit margin 3% -3% -14% 2%
Net profit margin 2% 1% -10% 4%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 10.00
Dividends paid / net profit 0.00 0.00 0.00 0.09

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

10 EUR thousand

ROE

4.2%

Number of employees

133

Financial data provided as at end-December 2022

Management

  • Vytautas ŠlaustasChief Executive Officer

Information as of: 4/30/2023