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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

The production association of Anykščiai region was established in 1979 and later renamed as UAB “Anykščių šiluma”. The main activity of the company is production and supply of heating energy for consumers, supply of hot water, maintenance of heating and hot water systems as well as service of hot water metering devices.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 2,196 1,950 2,410 3,300
Cost of goods sold 1,895 1,614 2,039 3,030
Gross profit (loss) 301 336 372 270
Gross profit margin 14% 17% 15% 8%
Operating expenses 332 359 352 305
Operating profit (loss) -79 -73 -39 -93
Operating profit margin -4% -4% -2% -3%
EBITDA 216 392 414 360
EBITDA margin 10% 20% 17% 11%
Net profit (loss) -84 -76 -37 -90
Net profit margin -4% -4% -2% -3%

Balance sheet

2019 2020 2021 2022
Non-current assets 6,185 5,743 5,335 5,057
Intangible assets 12 7 2 0
Tangible assets 6,173 5,736 5,333 5,057
Financial assets
Other non-current assets
Current assets 876 868 1,098 1,388
Inventories and prepaid expenses 181 166 138 362
Accounts receivable in one year 344 320 445 616
Other current assets
Cash and cash equivalents 351 383 515 411
Total assets 7,069 6,618 6,432 6,450
Equity 2,354 2,278 2,241 2,201
Grants and subsidies 1,320 1,176 1,035 893
Liabilities 3,396 3,164 3,157 3,356
Financial liabilities 3,160 2,947 2,733 2,577
Long-term liabilities 3,000 2,787 2,573 2,360
Short-term liabilities 396 377 583 996
Equity and liabilities 7,069 6,618 6,432 6,450

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -1% -1% -1% -1%
Return on equity (ROE) -4% -3% -2% -4%
Return on capital employed (ROCE) -1% -1% -1% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.45 0.45 0.42 0.40
Current Ratio 2.21 2.30 1.88 1.39
Quick ratio 1.76 1.86 1.65 1.03
Turnover ratios
Asset turnover 0.31 0.29 0.37 0.51
Fixed asset turnover 0.35 0.34 0.45 0.65
Equity turnover 0.93 0.86 1.08 1.50
Profitability ratios
EBITDA margin 10% 20% 17% 11%
Operating profit margin -4% -4% -2% -3%
Net profit margin -4% -4% -2% -3%
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

Expectations of the municipal

About the company

  • Official nameUAB „Anykščių šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code154112751
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionAnykščiai district municipality
  • Share belonging to the Municipal98.8%
https://anyksciusiluma.lt/
ROE

-4.1%

Number of employees

45

Financial data provided as at end-December 2022