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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 356 352 345 355
Cost of goods sold 272 261 247 274
Gross profit (loss) 84 90 98 81
Gross profit margin 24% 26% 28% 23%
Operating expenses 51 53 65 55
Operating profit (loss) 33 38 33 26
Operating profit margin 9% 11% 10% 7%
EBITDA 274 266 250 277
EBITDA margin 77% 76% 72% 78%
Net profit (loss) 47 49 39 56
Net profit margin 13% 14% 11% 16%

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 1,972 2,019 1,993 2,058
Intangible assets 0 0 0
Tangible assets 1,963 2,010 1,984 2,049
Financial assets 9 9 9 9
Other non-current assets
Current assets 107 116 117 147
Inventories and prepaid expenses 5 5 4 5
Accounts receivable in one year 16 16 30 16
Other current assets
Cash and cash equivalents 85 95 82 127
Total assets 2,079 2,136 2,111 2,205
Equity 1,237 1,286 1,325 1,381
Grants and subsidies
Liabilities 223 277 258 343
Financial liabilities
Long-term liabilities 29 6 88
Short-term liabilities 223 248 252 255
Equity and liabilities 2,079 2,136 2,111 2,205

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 2% 2% 3%
Return on equity (ROE) 4% 4% 3% 4%
Return on capital employed (ROCE) 6% 6% 5% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 0.48 0.47 0.46 0.58
Quick ratio 0.46 0.45 0.44 0.56
Turnover ratios
Asset turnover 0.16 0.17 0.16 0.16
Fixed asset turnover 0.17 0.18 0.17 0.18
Equity turnover 0.29 0.28 0.26 0.26
Profitability ratios
EBITDA margin 77% 76% 72% 78%
Operating profit margin 9% 11% 10% 7%
Net profit margin 13% 14% 11% 16%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://druskininkust.lt/
ROE

4.1%

Number of employees

2

Financial data provided as at end-December 2021