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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Alytaus šilumos tinklai has been registered in Alytus city business register in Y1997. The main activity of the company is the rental of assets required for the supply and production of thermal energy

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 5,584 11,255 14,379 20,864
Cost of goods sold 5,479 9,294 12,218 19,080
Gross profit (loss) 105 1,961 2,161 1,784
Gross profit margin 2% 17% 15% 9%
Operating expenses 653 1,105 1,189 1,282
Operating profit (loss) -834 396 487 -17
Operating profit margin -15% 4% 3% -0%
EBITDA 593 2,583 2,948 2,337
EBITDA margin 11% 23% 21% 11%
Net profit (loss) -770 579 796 328
Net profit margin -14% 5% 6% 2%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 20,681 19,488 18,835 23,225
Intangible assets 61 115 112 86
Tangible assets 20,555 19,277 18,656 23,080
Financial assets 64 64 54 54
Other non-current assets 2 31 13 6
Current assets 2,226 4,240 7,554 7,005
Inventories and prepaid expenses 179 187 632 1,438
Accounts receivable in one year 1,846 2,070 3,525 4,886
Other current assets
Cash and cash equivalents 202 1,983 3,398 681
Total assets 22,941 23,778 26,454 30,296
Equity 7,463 8,004 8,800 9,128
Grants and subsidies 277 397
Liabilities 15,476 15,773 17,230 20,770
Financial liabilities 0 116 96 1,526
Long-term liabilities 14,158 14,247 14,227 15,657
Short-term liabilities 1,318 1,526 3,003 5,114
Equity and liabilities 22,941 23,778 26,454 30,296

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -5% 2% 3% 1%
Return on equity (ROE) -10% 7% 9% 4%
Return on capital employed (ROCE) -4% 2% 2% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.05
Current Ratio 1.69 2.78 2.52 1.37
Quick ratio 1.55 2.66 2.31 1.09
Turnover ratios
Asset turnover 0.24 0.47 0.54 0.69
Fixed asset turnover 0.27 0.58 0.76 0.90
Equity turnover 0.75 1.41 1.63 2.29
Profitability ratios
EBITDA margin 11% 23% 21% 11%
Operating profit margin -15% 4% 3% -0%
Net profit margin -14% 5% 6% 2%
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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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Alytaus šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code149947714
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionAlytus city municipality
  • Share belonging to the Municipal98.6%
https://alytausst.lt/
ROE

3.7%

Number of employees

90

Financial data provided as at end-December 2022

Management

  • Mindaugas NevardauskasChief Executive Officer

Information as of: 2023/04/30