• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Biržų šilumos tinklai” was established in 1997. Company’s activity is related to the rent of real estate owned as ownership or by another rights, also administration of housing renovation projects. All assets of the company are leased by UAB “Litesko” from Y2003 till Y2034.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 231 229 214 243
Cost of goods sold 183 198 174 179
Gross profit (loss) 48 30 40 64
Gross profit margin 21% 13% 19% 26%
Operating expenses 56 62 59 63
Operating profit (loss) -7 -32 -19 1
Operating profit margin -3% -14% -9% 0%
EBITDA 111 84 92 118
EBITDA margin 48% 37% 43% 49%
Net profit (loss) -5 -30 -19 1
Net profit margin -2% -13% -9% 0%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,854 1,747 1,782 1,785
Intangible assets 1 0 0 1
Tangible assets 1,853 1,747 1,782 1,784
Financial assets
Other non-current assets
Current assets 153 186 144 147
Inventories and prepaid expenses
Accounts receivable in one year 8 100 75 81
Other current assets
Cash and cash equivalents 145 86 68 66
Total assets 2,009 1,934 1,926 1,932
Equity 1,952 1,922 1,903 1,904
Grants and subsidies
Liabilities 58 13 24 29
Financial liabilities
Long-term liabilities
Short-term liabilities 58 13 24 29
Equity and liabilities 2,009 1,934 1,926 1,932

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -0% -2% -1% 0%
Return on equity (ROE) -0% -2% -1% 0%
Return on capital employed (ROCE) -0% -3% -2% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.66 14.50 6.07 5.11
Quick ratio 2.66 14.50 6.07 5.11
Turnover ratios
Asset turnover 0.12 0.12 0.11 0.13
Fixed asset turnover 0.13 0.13 0.12 0.14
Equity turnover 0.12 0.12 0.11 0.13
Profitability ratios
EBITDA margin 48% 37% 43% 49%
Operating profit margin -3% -14% -9% 0%
Net profit margin -2% -13% -9% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Biržų šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code154866655
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionBiržai district municipality
  • Share belonging to the Municipal100%
ROE

0.0%

Number of employees

3

Financial data provided as at end-December 2021