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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 12,663 13,877 12,510 10,788
Cost of goods sold 10,537 11,120 10,747 9,596
Gross profit (loss) 2,126 2,757 1,763 1,192
Gross profit margin 17% 20% 14% 11%
Operating expenses 1,879 1,667 1,420 1,973
Operating profit (loss) 248 1,090 342 -781
Operating profit margin 2% 8% 3% -7%
EBITDA 1,782 2,431 1,678 2,246
EBITDA margin 14% 18% 13% 21%
Net profit (loss) 62 1,073 507 278
Net profit margin 0% 8% 4% 3%
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin

Balance sheet

2017 2018 2019 2020
Non-current assets 40,963 40,298 29,152 29,061
Intangible assets 1 0 2 3
Tangible assets 40,645 39,982 28,731 28,653
Financial assets
Other non-current assets 318 316 419 406
Current assets 8,038 7,922 7,434 8,185
Inventories and prepaid expenses 3,941 4,025 3,919 3,493
Accounts receivable in one year 3,213 3,147 2,445 2,249
Other current assets
Cash and cash equivalents 885 751 1,070 2,443
Total assets 49,016 48,227 36,598 37,253
Equity 24,335 25,420 21,370 21,647
Grants and subsidies 21,676 20,023 12,762 12,823
Liabilities 2,903 2,782 2,247 2,779
Financial liabilities 491 433 523 675
Long-term liabilities 1 96 311 209
Short-term liabilities 2,862 2,656 1,795 2,353
Equity and liabilities 49,016 48,227 36,598 37,253
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Biological assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Minority share of capital
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 2% 1% 1%
Return on equity (ROE) 4% 2% 1%
Return on capital employed (ROCE) 5% 2% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.03
Current Ratio 2.98 4.14 3.48
Quick ratio 1.47 1.96 1.99
Turnover ratios
Asset turnover 0.29 0.29 0.29
Fixed asset turnover 0.34 0.36 0.37
Equity turnover 0.56 0.53 0.50
Profitability ratios
EBITDA margin 18% 13% 21%
Operating profit margin 8% 3% -7%
Net profit margin 8% 4% 3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit
Capital return ratios
Return on assets (ROA)
Return on equity (ROE)
Return on capital employed (ROCE)
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover
Fixed asset turnover
Equity turnover
Profitability ratios
EBITDA margin
Operating profit margin
Net profit margin
Other ratios
Dividends to the State
Dividends paid / net profit

Expectations of the municipal

About the company

  • Official nameUAB „Visagino energija“
  • Legal formPrivate limited liability company (UAB)
  • Company code110087517
  • SectorOther
  • Line of businessUtilities: water, heating networks
  • Representing institutionVisaginas municipality
  • Share belonging to the Municipal100%
https://www.visaginoenergija.lt/
ROE

1.3%

Number of employees

189

Financial data provided as at end-December 2019

Management

  • Zigmas JurgutavičiusDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Rokas Baliukovas

Information as of: 2021/06/01