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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 253 271 365 254
Cost of goods sold 175 182 201 127
Gross profit (loss) 77 88 164 127
Gross profit margin 31% 33% 45% 50%
Operating expenses 125 158 154 150
Operating profit (loss) -48 -70 11 -24
Operating profit margin -19% -26% 3% -9%
EBITDA 12 -11 49 2
EBITDA margin 5% -4% 13% 1%
Net profit (loss) -17 -40 18 -24
Net profit margin -7% -15% 5% -9%

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Balance sheet

2017 2018 2019 2020
Non-current assets 494 491 462 437
Intangible assets 0 0 0 0
Tangible assets 494 491 462 437
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Current assets 152 120 159 158
Inventories and prepaid expenses 21 14 11 10
Accounts receivable in one year 50 44 39 22
Other current assets 0 0 0 0
Cash and cash equivalents 82 61 106 123
Total assets 647 611 622 596
Equity 626 587 605 581
Grants and subsidies 0 0 0 0
Liabilities 21 25 17 15
Financial liabilities 0 0 0 0
Long-term liabilities 0 0 0 0
Short-term liabilities 21 25 17 15
Equity and liabilities 647 611 622 596

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% -14% 6% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.00 4.84 9.21 10.76
Quick ratio 0.00 4.26 8.60 10.10
Turnover ratios
Asset turnover 0.00 0.43 0.59 0.42
Fixed asset turnover 0.00 0.55 0.77 0.56
Equity turnover 0.00 0.45 0.61 0.43
Profitability ratios
EBITDA margin 0% -4% 13% 1%
Operating profit margin 0% -26% 3% -9%
Net profit margin 0% -15% 5% -9%
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

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Financial statments

Expectations of the municipal

About the company

  • Official nameAB „Visagino mechanizacija“
  • Legal formPublic limited liability company (AB)
  • 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

-4.0%

Number of employees

23

Financial data provided as at end-December 2020