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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 847 785 5,584 11,255
Cost of goods sold 732 697 5,479 9,294
Gross profit (loss) 115 88 105 1,961
Gross profit margin 14% 11% 2% 17%
Operating expenses 96 243 939 1,518
Operating profit (loss) 19 -155 -834 443
Operating profit margin 2% -20% -15% 4%
EBITDA 20 331 593 2,669
EBITDA margin 2% 42% 11% 24%
Net profit (loss) 17 -153 -770 625
Net profit margin 2% -20% -14% 6%

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Balance sheet

2017 2018 2019 2020
Non-current assets 6,879 6,407 20,681 19,488
Intangible assets 61 115
Tangible assets 6,826 6,354 20,555 19,277
Financial assets 53 54 64 64
Other non-current assets 2 31
Current assets 1,612 1,898 2,226 4,240
Inventories and prepaid expenses 2 3 179 187
Accounts receivable in one year 944 1,298 1,846 2,070
Other current assets 367 367
Cash and cash equivalents 299 230 202 1,983
Total assets 8,491 8,306 22,941 23,778
Equity 8,430 8,233 7,463 8,088
Grants and subsidies
Liabilities 61 73 15,476 15,689
Financial liabilities 116
Long-term liabilities 14,158 14,247
Short-term liabilities 61 73 1,318 1,442
Equity and liabilities 8,491 8,306 22,941 23,778

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 1% -2% -5% 3%
Return on equity (ROE) 4% -2% -10% 8%
Return on capital employed (ROCE) 6% -4% -7% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.51 0.01
Current Ratio 0.95 26.11 1.69 2.94
Quick ratio 0.17 26.07 1.55 2.81
Turnover ratios
Asset turnover 0.45 0.09 0.36 0.48
Fixed asset turnover 0.59 0.12 0.41 0.56
Equity turnover 1.33 0.09 0.71 1.45
Profitability ratios
EBITDA margin 12% 42% 11% 24%
Operating profit margin 6% -20% -15% 4%
Net profit margin 3% -20% -14% 6%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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Financial statments

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 Municipal99.51%
https://www.alytausst.lt/
ROE

8.0%

Number of employees

89

Financial data provided as at end-December 2019

Management

  • Mindaugas NevardauskasDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Mantas Burokas

MEMBERS OF THE BOARD OF DIRECTORS

  • Ramutė Ribinskienė
  • Povilas Valtka
  • Svetalana Delekienė
  • Palmira Raškauskienė

Information as of: 2021/06/01