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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 286 256 303 286
Cost of goods sold 224 283 234 226
Gross profit (loss) 61 -28 69 60
Gross profit margin 21% -11% 23% 21%
Operating expenses 103 72 75 142
Operating profit (loss) -41 -100 -6 -82
Operating profit margin -14% -39% -2% -29%
EBITDA -28 -85 0 -77
EBITDA margin -10% -33% 0% -27%
Net profit (loss) -30 -89 -12 -82
Net profit margin -10% -35% -4% -28%

Balance sheet

2018 2019 2020 2021
Non-current assets 120 119 82 76
Intangible assets 1 1 0
Tangible assets 119 118 82 76
Financial assets
Other non-current assets
Current assets 316 252 235 137
Inventories and prepaid expenses 27 4 2 1
Accounts receivable in one year 159 182 147 77
Other current assets
Cash and cash equivalents 131 66 86 59
Total assets 436 371 317 213
Equity 159 73 62 -20
Grants and subsidies 103 108 74 71
Liabilities 174 190 181 162
Financial liabilities 7 38 30 15
Long-term liabilities 4 2 1 1
Short-term liabilities 170 188 180 161
Equity and liabilities 436 371 317 213

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -7% -22% -3% -31%
Return on equity (ROE) -18% -77% -17% -389%
Return on capital employed (ROCE) -27% -100% -8% -316%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.04 0.51 0.48 -0.74
Current Ratio 1.86 1.34 1.30 0.85
Quick ratio 1.71 1.32 1.30 0.85
Turnover ratios
Asset turnover 0.70 0.63 0.88 1.08
Fixed asset turnover 3.47 2.15 3.03 3.64
Equity turnover 1.76 2.20 4.49 13.67
Profitability ratios
EBITDA margin -10% -33% 0% -27%
Operating profit margin -14% -39% -2% -29%
Net profit margin -10% -35% -4% -28%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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%
http://www.zarasubustas.lt/
ROE

-389.0%

Number of employees

23

Financial data provided as at end-December 2021