• English
  • Lithuanian
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

2018 2019 2020 2021
Revenue 2,377 2,196 1,950 2,410
Cost of goods sold 1,977 1,895 1,614 2,039
Gross profit (loss) 400 301 336 372
Gross profit margin 17% 14% 17% 15%
Operating expenses 395 380 409 410
Operating profit (loss) 5 -79 -73 -39
Operating profit margin 0% -4% -4% -2%
EBITDA 294 216 392 414
EBITDA margin 12% 10% 20% 17%
Net profit (loss) 9 -84 -76 -37
Net profit margin 0% -4% -4% -2%

Balance sheet

2018 2019 2020 2021
Non-current assets 6,192 6,185 5,743 5,335
Intangible assets 13 12 7 2
Tangible assets 6,179 6,173 5,736 5,333
Financial assets
Other non-current assets
Current assets 1,356 876 868 1,098
Inventories and prepaid expenses 263 181 166 138
Accounts receivable in one year 456 344 320 445
Other current assets
Cash and cash equivalents 637 351 383 515
Total assets 7,555 7,069 6,618 6,432
Equity 2,438 2,354 2,278 2,241
Grants and subsidies 1,002 1,320 1,176 1,035
Liabilities 4,115 3,396 3,164 3,157
Financial liabilities 3,373 3,160 2,947 2,733
Long-term liabilities 3,213 3,000 2,787 2,573
Short-term liabilities 902 396 377 583
Equity and liabilities 7,555 7,069 6,618 6,432

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% -1% -1% -1%
Return on equity (ROE) 0% -4% -3% -2%
Return on capital employed (ROCE) 0% -2% -2% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.38 1.34 1.29 1.22
Current Ratio 1.50 2.21 2.30 1.88
Quick ratio 1.21 1.76 1.86 1.65
Turnover ratios
Asset turnover 0.32 0.30 0.28 0.37
Fixed asset turnover 0.39 0.35 0.33 0.44
Equity turnover 0.98 0.92 0.84 1.07
Profitability ratios
EBITDA margin 12% 10% 20% 17%
Operating profit margin 0% -4% -4% -2%
Net profit margin 0% -4% -4% -2%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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 Municipal98.72%
http://www.anyksciusiluma.lt/
ROE

-1.6%

Number of employees

50

Financial data provided as at end-December 2021