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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

2018 2019 2020 2021
Revenue 125 126 115 737
Cost of goods sold 52 51 30 510
Gross profit (loss) 74 75 86 227
Gross profit margin 59% 59% 74% 31%
Operating expenses 95 72 72 97
Operating profit (loss) -21 2 14 130
Operating profit margin -17% 2% 12% 18%
EBITDA 10 33 44 168
EBITDA margin 8% 26% 38% 23%
Net profit (loss) -21 3 13 111
Net profit margin -17% 2% 12% 15%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,117 1,087 1,057 1,601
Intangible assets 0 0
Tangible assets 1,117 1,087 1,057 1,451
Financial assets
Other non-current assets 150
Current assets 31 58 93 1,214
Inventories and prepaid expenses 25 321
Accounts receivable in one year 19 14 22 139
Other current assets
Cash and cash equivalents 12 44 47 755
Total assets 1,148 1,144 1,150 3,063
Equity 1,066 1,063 1,077 2,621
Grants and subsidies
Liabilities 73 68 62 426
Financial liabilities
Long-term liabilities
Short-term liabilities 71 65 59 423
Equity and liabilities 1,148 1,144 1,150 3,063

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% 0% 1% 5%
Return on equity (ROE) -2% 0% 1% 6%
Return on capital employed (ROCE) -4% 0% 3% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 0.43 0.88 1.59 2.87
Quick ratio 0.43 0.88 1.17 2.11
Turnover ratios
Asset turnover 0.11 0.11 0.10 0.35
Fixed asset turnover 0.11 0.11 0.11 0.55
Equity turnover 0.12 0.12 0.11 0.40
Profitability ratios
EBITDA margin 8% 26% 38% 23%
Operating profit margin -17% 2% 12% 18%
Net profit margin -17% 2% 12% 15%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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 Municipal100%
ROE

6.0%

Number of employees

23

Financial data provided as at end-December 2021