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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Visagino Mechanizacija was registered in 1995. The main activities of the company are rental of construction or demolition equipment with operator (driver), production of structural metal products, production of construction metal structures and parts, production of metal products, rental of trucks with driver, vocational training and occupational safety training and other related activities.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 271 365 254 178
Cost of goods sold 182 201 127 109
Gross profit (loss) 88 164 127 68
Gross profit margin 33% 45% 50% 38%
Operating expenses 158 154 150 144
Operating profit (loss) -70 11 -24 -76
Operating profit margin -26% 3% -9% -43%
EBITDA -11 49 2 -55
EBITDA margin -4% 13% 1% -31%
Net profit (loss) -40 18 -24 -76
Net profit margin -15% 5% -9% -43%

Balance sheet

2018 2019 2020 2021
Non-current assets 491 462 437 428
Intangible assets
Tangible assets 491 462 437 428
Financial assets
Other non-current assets
Current assets 120 159 158 95
Inventories and prepaid expenses 14 11 13 15
Accounts receivable in one year 44 39 22 26
Other current assets
Cash and cash equivalents 61 106 123 54
Total assets 611 622 596 524
Equity 587 605 581 505
Grants and subsidies
Liabilities 25 17 15 18
Financial liabilities
Long-term liabilities
Short-term liabilities 25 17 15 18
Equity and liabilities 611 622 596 524

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -6% 3% -4% -14%
Return on equity (ROE) -7% 3% -4% -14%
Return on capital employed (ROCE) -14% 6% -8% -30%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 4.84 9.21 10.73 5.19
Quick ratio 4.26 8.60 9.86 4.35
Turnover ratios
Asset turnover 0.43 0.59 0.42 0.32
Fixed asset turnover 0.55 0.77 0.56 0.41
Equity turnover 0.45 0.61 0.43 0.33
Profitability ratios
EBITDA margin -4% 13% 1% -31%
Operating profit margin -26% 3% -9% -43%
Net profit margin -15% 5% -9% -43%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Visagino mechanizacija“
  • Legal formPrivate limited liability company (UAB)
  • Company code155514735
  • SectorOther
  • Line of businessMachinery rental, production of building metal structures, other transport services
  • Representing institutionVisaginas municipality
  • Share belonging to the Municipal100%
http://www.visaginomechanizacija.lt/
ROE

-13.9%

Number of employees

19

Financial data provided as at end-December 2021