Druskininkų šilumos tinklai
UAB “Druskininkai šilumos tinklai” has been established in 1991. The company is involved in rent of real estate owned as well as rent or leasing of machinery, equipment and any other fixed assets.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 345 | 355 | 371 | 391 |
| Cost of goods sold | 247 | 274 | 288 | 305 |
| Gross profit (loss) | 98 | 81 | 83 | 86 |
| Gross profit margin | 28% | 23% | 22% | 22% |
| Operating expenses | 65 | 56 | 62 | 69 |
| Operating profit (loss) | 33 | 26 | 21 | 16 |
| Operating profit margin | 10% | 7% | 6% | 4% |
| EBITDA | 250 | 277 | 239 | 246 |
| EBITDA margin | 72% | 78% | 64% | 63% |
| Net profit (loss) | 39 | 56 | 29 | 25 |
| Net profit margin | 11% | 16% | 8% | 6% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 1,993 | 2,058 | 2,381 | 2,165 |
| Intangible assets | 0 | |||
| Tangible assets | 1,984 | 2,049 | 2,373 | 2,156 |
| Financial assets | 9 | 9 | 9 | 9 |
| Other non-current assets | ||||
| Current assets | 117 | 147 | 140 | 140 |
| Inventories and prepaid expenses | 4 | 5 | 5 | 5 |
| Accounts receivable in one year | 30 | 16 | 31 | 48 |
| Other current assets | ||||
| Cash and cash equivalents | 82 | 127 | 104 | 88 |
| Total assets | 2,111 | 2,205 | 2,522 | 2,305 |
| Equity | 1,325 | 1,381 | 1,410 | 1,435 |
| Grants and subsidies | ||||
| Liabilities | 258 | 343 | 676 | 435 |
| Financial liabilities | 0 | 238 | 256 | 207 |
| Long-term liabilities | 6 | 88 | 401 | 194 |
| Short-term liabilities | 252 | 255 | 276 | 241 |
| Equity and liabilities | 2,111 | 2,206 | 2,522 | 2,305 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 2% | 3% | 1% | 1% |
| Return on equity (ROE) | 3% | 4% | 2% | 2% |
| Return on capital employed (ROCE) | 3% | 2% | 1% | 1% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.11 | 0.10 | 0.09 |
| Current Ratio | 0.46 | 0.58 | 0.51 | 0.58 |
| Quick ratio | 0.44 | 0.56 | 0.49 | 0.56 |
| Turnover ratios | ||||
| Asset turnover | 0.16 | 0.16 | 0.15 | 0.17 |
| Fixed asset turnover | 0.17 | 0.17 | 0.16 | 0.18 |
| Equity turnover | 0.26 | 0.26 | 0.26 | 0.27 |
| Profitability ratios | ||||
| EBITDA margin | 72% | 78% | 64% | 63% |
| Operating profit margin | 10% | 7% | 6% | 4% |
| Net profit margin | 11% | 16% | 8% | 6% |
| 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 nameAB „Druskininkų šilumos tinklai“
- Legal formPublic limited liability company (AB)
- Company code152003098
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionDruskininkai municipality
- Share belonging to the Municipal97.6%
ROE
1.8%
Number of employees
2
Financial data provided as at end-December 2023
Management
- Alvydas KarlonasChief Executive Officer
Information as of: 2024/04/30
