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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

2018 2019 2020 2021
Revenue 785 5,584 11,255 14,379
Cost of goods sold 697 5,479 9,294 12,218
Gross profit (loss) 88 105 1,961 2,161
Gross profit margin 11% 2% 17% 15%
Operating expenses 243 939 1,565 1,673
Operating profit (loss) -155 -834 396 487
Operating profit margin -20% -15% 4% 3%
EBITDA 331 593 2,583 2,948
EBITDA margin 42% 11% 23% 21%
Net profit (loss) -153 -770 579 796
Net profit margin -20% -14% 5% 6%

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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 6,407 20,681 19,488 18,835
Intangible assets 61 115 112
Tangible assets 6,354 20,555 19,277 18,656
Financial assets 54 64 64 54
Other non-current assets 2 31 13
Current assets 1,898 2,226 4,240 7,554
Inventories and prepaid expenses 3 179 187 632
Accounts receivable in one year 1,298 1,846 2,070 3,525
Other current assets 367
Cash and cash equivalents 230 202 1,983 3,398
Total assets 8,306 22,941 23,778 26,454
Equity 8,233 7,463 8,004 8,800
Grants and subsidies 277
Liabilities 73 15,476 15,774 17,230
Financial liabilities 116 96
Long-term liabilities 14,158 14,247 14,227
Short-term liabilities 73 1,318 1,526 3,003
Equity and liabilities 8,306 22,941 23,778 26,454

* 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) -2% -5% 2% 3%
Return on equity (ROE) -2% -10% 7% 9%
Return on capital employed (ROCE) -4% -7% 5% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.01
Current Ratio 26.11 1.69 2.78 2.52
Quick ratio 26.07 1.55 2.66 2.31
Turnover ratios
Asset turnover 0.09 0.36 0.48 0.57
Fixed asset turnover 0.12 0.41 0.56 0.75
Equity turnover 0.09 0.71 1.46 1.71
Profitability ratios
EBITDA margin 42% 11% 23% 21%
Operating profit margin -20% -15% 4% 3%
Net profit margin -20% -14% 5% 6%
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

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

9.5%

Number of employees

89

Financial data provided as at end-December 2021