Birštono šiluma
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 922 | 777 | 1,079 | 2,135 |
| Cost of goods sold | 987 | 785 | 1,186 | 2,254 |
| Gross profit (loss) | -65 | -9 | -108 | -119 |
| Gross profit margin | -7% | -1% | -10% | -6% |
| Operating expenses | 127 | 129 | 142 | 147 |
| Operating profit (loss) | -193 | -138 | -249 | -266 |
| Operating profit margin | -21% | -18% | -23% | -12% |
| EBITDA | 16 | 22 | -60 | -84 |
| EBITDA margin | 2% | 3% | -6% | -4% |
| Net profit (loss) | -91 | -104 | -189 | -212 |
| Net profit margin | -10% | -13% | -18% | -10% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 1,289 | 1,212 | 1,306 | 1,283 |
| Intangible assets | 1 | 5 | 3 | 1 |
| Tangible assets | 1,288 | 1,207 | 1,302 | 1,281 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 199 | 190 | 404 | 732 |
| Inventories and prepaid expenses | 43 | 40 | 85 | 124 |
| Accounts receivable in one year | 132 | 134 | 313 | 588 |
| Other current assets | ||||
| Cash and cash equivalents | 24 | 17 | 5 | 20 |
| Total assets | 1,488 | 1,402 | 1,710 | 2,014 |
| Equity | 720 | 617 | 572 | 456 |
| Grants and subsidies | 336 | 292 | 257 | 241 |
| Liabilities | 431 | 493 | 881 | 1,318 |
| Financial liabilities | 280 | 378 | 478 | 683 |
| Long-term liabilities | 280 | 366 | 396 | 239 |
| Short-term liabilities | 151 | 127 | 485 | 1,078 |
| Equity and liabilities | 1,488 | 1,402 | 1,710 | 2,014 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -6% | -7% | -12% | -11% |
| Return on equity (ROE) | -15% | -15% | -32% | -41% |
| Return on capital employed (ROCE) | -19% | -14% | -26% | -38% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.19 | 0.27 | 0.28 | 0.34 |
| Current Ratio | 1.32 | 1.50 | 0.83 | 0.68 |
| Quick ratio | 1.03 | 1.19 | 0.66 | 0.56 |
| Turnover ratios | ||||
| Asset turnover | 0.62 | 0.55 | 0.63 | 1.06 |
| Fixed asset turnover | 0.72 | 0.64 | 0.83 | 1.66 |
| Equity turnover | 1.28 | 1.26 | 1.89 | 4.69 |
| Profitability ratios | ||||
| EBITDA margin | 2% | 3% | -6% | -4% |
| Operating profit margin | -21% | -18% | -23% | -12% |
| Net profit margin | -10% | -13% | -18% | -10% |
| 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 |
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%
ROE
-41.2%
Number of employees
23
Financial data provided as at end-December 2022
Management
- Vytautas PajarskisChief Executive Officer
Information as of: 4/30/2023
