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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,423 1,430 1,321 1,215
Cost of goods sold 1,347 1,418 1,302 1,105
Gross profit (loss) 76 13 19 110
Gross profit margin 5% 1% 1% 9%
Operating expenses 293 227 246 281
Operating profit (loss) -217 -214 -227 -171
Operating profit margin -15% -15% -17% -14%
EBITDA 152 166 135 190
EBITDA margin 11% 12% 10% 16%
Net profit (loss) -280 -258 -258 -215
Net profit margin -20% -18% -20% -18%

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Balance sheet

2017 2018 2019 2020
Non-current assets 4,762 4,417 4,265 3,948
Intangible assets 0 0 0 0
Tangible assets 4,755 4,411 4,259 3,942
Financial assets 6 6 6 6
Other non-current assets
Current assets 505 584 533 577
Inventories and prepaid expenses 117 109 85 73
Accounts receivable in one year 323 331 325 342
Other current assets
Cash and cash equivalents 65 144 124 162
Total assets 5,267 5,001 4,798 4,525
Equity 1,435 1,556 1,509 1,540
Grants and subsidies 1,260 1,182 1,104 1,026
Liabilities 2,572 2,263 2,186 1,959
Financial liabilities 1,755 1,458 1,376 1,160
Long-term liabilities 1,509 1,193 1,160 944
Short-term liabilities 1,063 1,070 1,026 1,015
Equity and liabilities 5,267 5,001 4,798 4,525

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 4% -5% -5% -5%
Return on equity (ROE) 6% -17% -17% -14%
Return on capital employed (ROCE) 10% -9% -11% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12 0.94 0.91 0.75
Current Ratio 2.27 0.55 0.52 0.57
Quick ratio 0.33 0.44 0.44 0.50
Turnover ratios
Asset turnover 1.15 0.28 0.27 0.26
Fixed asset turnover 2.11 0.31 0.30 0.30
Equity turnover 1.49 0.96 0.86 0.80
Profitability ratios
EBITDA margin 7% 12% 10% 16%
Operating profit margin 3% -15% -17% -14%
Net profit margin 4% -18% -20% -18%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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 Municipal99.8%
ROE

-14.1%

Number of employees

44

Financial data provided as at end-December 2019

Management

  • Artūras JatulisDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Jurgita Garuckienė

MEMBERS OF THE BOARD OF DIRECTORS

  • Mindaugas Neverdauskas
  • Edita Rastenienė

Information as of: 2021/06/01