Biržų šilumos tinklai
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
