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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

March 22, 2013 UAB Kauno Energija NT was established in 2020. July 21 renamed to UAB GO Energy LT. In addition to the main activities related to real estate management, energy activities and the implementation of energy projects and consultations were included in the list of activities in 2020.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 126 115 737 1,646
Cost of goods sold 51 30 510 983
Gross profit (loss) 75 86 227 663
Gross profit margin 59% 74% 31% 40%
Operating expenses 72 72 97 233
Operating profit (loss) 2 14 130 430
Operating profit margin 2% 12% 18% 26%
EBITDA 33 44 168 539
EBITDA margin 26% 38% 23% 33%
Net profit (loss) 3 13 111 412
Net profit margin 2% 12% 15% 25%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 1,087 1,057 1,601 1,373
Intangible assets 0 0 0
Tangible assets 1,087 1,057 1,451 1,333
Financial assets 150 39
Other non-current assets
Current assets 58 93 1,214 1,787
Inventories and prepaid expenses 25 321 827
Accounts receivable in one year 14 22 139 302
Other current assets
Cash and cash equivalents 44 47 755 659
Total assets 1,144 1,150 3,063 3,458
Equity 1,063 1,077 2,621 270
Grants and subsidies
Liabilities 65 59 423 399
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 65 59 423 399
Equity and liabilities 1,144 1,150 3,063 695

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% 1% 5% 13%
Return on equity (ROE) 0% 1% 6% 28%
Return on capital employed (ROCE) 0% 1% 5% 159%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.88 1.59 2.87 4.48
Quick ratio 0.88 1.17 2.11 2.41
Turnover ratios
Asset turnover 0.11 0.10 0.24 0.48
Fixed asset turnover 0.12 0.11 0.46 1.20
Equity turnover 0.12 0.11 0.28 6.10
Profitability ratios
EBITDA margin 26% 38% 23% 33%
Operating profit margin 2% 12% 18% 26%
Net profit margin 2% 12% 15% 25%
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

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

Financial statments

2020 m. metinės ataskaitos

About the company

  • Official nameUAB „GO Energy LT“
  • Legal formPrivate limited liability company (UAB)
  • Company code303042623
  • SectorHeating networks
  • Line of businessReal estate development, management, rent, purchase-sale
  • Representing institution„Kauno energija“
  • Share indirectly belonging to the Municipal0%
ROE

28.5%

Number of employees

29

Financial data provided as at end-December 2022

Management

  • Rokas VaitiekusChief Executive Officer

Information as of: 4/30/2023