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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Birštono šiluma was founded in 2000 as a result of reorganization of AB “Alytaus šilumos tinklai”. The company is involved in centralized supply of the heating and hot water production with the prices regulated by National Energy Regulatory Council of Birštonas city.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,082 922 777 1,079
Cost of goods sold 1,130 987 785 1,186
Gross profit (loss) -47 -65 -9 -108
Gross profit margin -4% -7% -1% -10%
Operating expenses 135 127 129 142
Operating profit (loss) -182 -193 -138 -249
Operating profit margin -17% -21% -18% -23%
EBITDA -18 16 22 -60
EBITDA margin -2% 2% 3% -6%
Net profit (loss) -122 -91 -104 -189
Net profit margin -11% -10% -13% -18%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,126 1,289 1,212 1,306
Intangible assets 2 1 5 3
Tangible assets 1,124 1,288 1,207 1,303
Financial assets
Other non-current assets
Current assets 244 199 190 404
Inventories and prepaid expenses 39 43 40 85
Accounts receivable in one year 203 132 134 313
Other current assets
Cash and cash equivalents 3 24 17 5
Total assets 1,370 1,488 1,402 1,710
Equity 506 720 617 572
Grants and subsidies 381 336 292 257
Liabilities 484 431 493 881
Financial liabilities 151 280 378 478
Long-term liabilities 100 280 366 396
Short-term liabilities 383 151 127 485
Equity and liabilities 1,370 1,488 1,402 1,710

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -8% -6% -7% -12%
Return on equity (ROE) -22% -15% -15% -32%
Return on capital employed (ROCE) -24% -13% -15% -30%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.30 0.39 0.61 0.84
Current Ratio 0.64 1.32 1.50 0.83
Quick ratio 0.54 1.03 1.19 0.66
Turnover ratios
Asset turnover 0.75 0.65 0.54 0.69
Fixed asset turnover 0.91 0.76 0.62 0.86
Equity turnover 1.91 1.50 1.16 1.82
Profitability ratios
EBITDA margin -2% 2% 3% -6%
Operating profit margin -17% -21% -18% -23%
Net profit margin -11% -10% -13% -18%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Birštono šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code152840633
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionBirštonas municipality
  • Share belonging to the Municipal99.95%
https://birstonosiluma.lt/
ROE

-31.8%

Number of employees

22

Financial data provided as at end-December 2021