Ignalinos šilumos tinklai
UAB Ignalinos šilumos tinklai has been founded in 2000. Company provides the heating supply, production and supply of hot water, installation of the hot water meters, installation and maintenance services of heating systems.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 1,215 | 1,526 | 1,941 | 2,060 |
| Cost of goods sold | 1,105 | 1,387 | 1,854 | 1,901 |
| Gross profit (loss) | 110 | 139 | 86 | 159 |
| Gross profit margin | 9% | 9% | 4% | 8% |
| Operating expenses | 281 | 247 | 314 | 305 |
| Operating profit (loss) | -171 | -108 | -228 | -146 |
| Operating profit margin | -14% | -7% | -12% | -7% |
| EBITDA | 190 | 171 | 49 | 158 |
| EBITDA margin | 16% | 11% | 3% | 8% |
| Net profit (loss) | -216 | -124 | -187 | -183 |
| Net profit margin | -18% | -8% | -10% | -9% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 3,948 | 3,634 | 4,476 | 4,210 |
| Intangible assets | 0 | |||
| Tangible assets | 3,942 | 3,628 | 4,470 | 4,204 |
| Financial assets | 6 | 6 | 6 | 6 |
| Other non-current assets | ||||
| Current assets | 577 | 542 | 772 | 649 |
| Inventories and prepaid expenses | 73 | 88 | 174 | 90 |
| Accounts receivable in one year | 342 | 393 | 468 | 402 |
| Other current assets | ||||
| Cash and cash equivalents | 162 | 61 | 130 | 158 |
| Total assets | 4,525 | 4,175 | 5,249 | 4,861 |
| Equity | 1,540 | 1,731 | 1,945 | 2,264 |
| Grants and subsidies | 1,026 | 983 | 901 | 819 |
| Liabilities | 1,959 | 1,462 | 2,398 | 1,773 |
| Financial liabilities | 1,160 | 944 | 1,600 | 1,431 |
| Long-term liabilities | 944 | 734 | 1,431 | 1,357 |
| Short-term liabilities | 1,015 | 728 | 967 | 416 |
| Equity and liabilities | 4,525 | 4,175 | 5,249 | 4,861 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -5% | -3% | -4% | -4% |
| Return on equity (ROE) | -14% | -8% | -10% | -9% |
| Return on capital employed (ROCE) | -7% | -4% | -7% | -4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.26 | 0.23 | 0.30 | 0.29 |
| Current Ratio | 0.57 | 0.74 | 0.80 | 1.56 |
| Quick ratio | 0.50 | 0.62 | 0.62 | 1.34 |
| Turnover ratios | ||||
| Asset turnover | 0.27 | 0.37 | 0.37 | 0.42 |
| Fixed asset turnover | 0.31 | 0.42 | 0.43 | 0.49 |
| Equity turnover | 0.79 | 0.88 | 1.00 | 0.91 |
| Profitability ratios | ||||
| EBITDA margin | 16% | 11% | 3% | 8% |
| Operating profit margin | -14% | -7% | -12% | -7% |
| Net profit margin | -18% | -8% | -10% | -9% |
| 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 |
Expectations of the municipal
About the company
- Official nameUAB Ignalinos šilumos tinklai
- Legal formPrivate limited liability company (UAB)
- Company code155634880
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionIgnalina district municipality
- Share belonging to the Municipal99.85%
ROE
-8.7%
Number of employees
43
Financial data provided as at end-December 2023
Management
- Irina LukšienėChief Executive Officer
Information as of: 2024/04/30
