Zarasų būstas
UAB Zarasų būstas was registered on January 22, 2010 as a result of the restructuring of the Zarasai District Municipality’s Apartment Management Company. The main activity of the company is to administer the common property of multi-apartment residential buildings, to carry out maintenance of the common property of multi-apartment buildings, and to carry out other activities related to the administration and maintenance of the common property of multi-apartment residential buildings.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 256 | 303 | 286 | 397 |
| Cost of goods sold | 283 | 234 | 226 | 304 |
| Gross profit (loss) | -28 | 69 | 60 | 93 |
| Gross profit margin | -11% | 23% | 21% | 23% |
| Operating expenses | 72 | 75 | 142 | 113 |
| Operating profit (loss) | -100 | -6 | -82 | -20 |
| Operating profit margin | -39% | -2% | -29% | -5% |
| EBITDA | -85 | 0 | -77 | -17 |
| EBITDA margin | -33% | 0% | -27% | -4% |
| Net profit (loss) | -89 | -12 | -82 | -28 |
| Net profit margin | -35% | -4% | -28% | -7% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 119 | 82 | 76 | 69 |
| Intangible assets | 1 | 0 | ||
| Tangible assets | 118 | 82 | 76 | 69 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 252 | 235 | 137 | 248 |
| Inventories and prepaid expenses | 4 | 2 | 1 | 0 |
| Accounts receivable in one year | 182 | 147 | 77 | 74 |
| Other current assets | ||||
| Cash and cash equivalents | 66 | 86 | 59 | 173 |
| Total assets | 371 | 317 | 213 | 318 |
| Equity | 73 | 62 | -20 | 102 |
| Grants and subsidies | 108 | 74 | 71 | 68 |
| Liabilities | 190 | 181 | 162 | 148 |
| Financial liabilities | 38 | 30 | 1 | 0 |
| Long-term liabilities | 2 | 1 | 1 | 0 |
| Short-term liabilities | 188 | 180 | 161 | 147 |
| Equity and liabilities | 371 | 317 | 213 | 318 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -22% | -3% | -31% | -11% |
| Return on equity (ROE) | -77% | -17% | -389% | -68% |
| Return on capital employed (ROCE) | -133% | -9% | 431% | -19% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.10 | 0.09 | 0.00 | 0.00 |
| Current Ratio | 1.34 | 1.30 | 0.85 | 1.68 |
| Quick ratio | 1.32 | 1.30 | 0.85 | 1.68 |
| Turnover ratios | ||||
| Asset turnover | 0.69 | 0.96 | 1.35 | 1.25 |
| Fixed asset turnover | 2.16 | 3.71 | 3.79 | 5.72 |
| Equity turnover | 3.49 | 4.91 | -14.46 | 3.88 |
| Profitability ratios | ||||
| EBITDA margin | -33% | 0% | -27% | -4% |
| Operating profit margin | -39% | -2% | -29% | -5% |
| Net profit margin | -35% | -4% | -28% | -7% |
| 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 |
Financial statments
About the company
- Official nameUAB „Zarasų būstas“
- Legal formPrivate limited liability company (UAB)
- Company code187801768
- SectorOther
- Line of businessApartment management
- Representing institutionZarasai district municipality
- Share belonging to the Municipal100%
ROE
-67.7%
Number of employees
24
Financial data provided as at end-December 2022
Management
- Alvydas KavaliauskasChief Executive Officer
Information as of: 4/30/2023
