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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Zarasų vandenys was registered on August 1, 2000. The company’s main activity is the supply of drinking water to the residents and enterprises of Zarasai district, as well as wastewater collection and treatment. The company also invests in water management by expanding and renovating water supply and sewage networks, managing rural water management facilities, and implementing investment projects in the Neris river basin.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 651 656 687 726
Cost of goods sold 325 368 484 474
Gross profit (loss) 326 288 203 252
Gross profit margin 50% 44% 30% 35%
Operating expenses 324 297 188 254
Operating profit (loss) 2 -9 15 -2
Operating profit margin 0% -1% 2% -0%
EBITDA 197 121 112 115
EBITDA margin 30% 18% 16% 16%
Net profit (loss) 25 27 19 26
Net profit margin 4% 4% 3% 4%

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 5,521 5,772 6,417 6,362
Intangible assets 0 0
Tangible assets 5,503 5,740 6,389 6,343
Financial assets 5 4 3
Other non-current assets 14 28 28 16
Current assets 142 126 117 159
Inventories and prepaid expenses 21 17 13 19
Accounts receivable in one year 38 50 49 46
Other current assets
Cash and cash equivalents 83 60 55 94
Total assets 5,672 5,914 6,535 6,521
Equity 1,697 1,734 1,753 1,778
Grants and subsidies 3,644 3,760 4,160 4,161
Liabilities 330 420 622 582
Financial liabilities 216 272 395 433
Long-term liabilities 216 272 376 414
Short-term liabilities 115 148 246 168
Equity and liabilities 5,672 5,914 6,535 6,521

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 2% 2% 1% 1%
Return on capital employed (ROCE) 1% 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.13 0.16 0.23 0.24
Current Ratio 1.24 0.85 0.47 0.95
Quick ratio 1.05 0.74 0.42 0.83
Turnover ratios
Asset turnover 0.12 0.11 0.11 0.11
Fixed asset turnover 0.13 0.12 0.11 0.11
Equity turnover 0.39 0.38 0.39 0.41
Profitability ratios
EBITDA margin 30% 18% 16% 16%
Operating profit margin 0% -1% 2% -0%
Net profit margin 4% 4% 3% 4%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Zarasų vandenys“
  • Legal formPrivate limited liability company (UAB)
  • Company code187920473
  • SectorWater utilities
  • Line of businessUtilities: water
  • Representing institutionZarasai district municipality
  • Share belonging to the Municipal100%
http://www.zarasuvandenys.lt/
ROE

1.5%

Number of employees

31

Financial data provided as at end-December 2021