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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 1,430 1,321 1,215 1,526
Cost of goods sold 1,418 1,302 1,105 1,387
Gross profit (loss) 13 19 110 139
Gross profit margin 1% 1% 9% 9%
Operating expenses 227 246 281 247
Operating profit (loss) -214 -227 -171 -108
Operating profit margin -15% -17% -14% -7%
EBITDA 166 135 190 249
EBITDA margin 12% 10% 16% 16%
Net profit (loss) -258 -258 -216 -124
Net profit margin -18% -20% -18% -8%

Balance sheet

2018 2019 2020 2021
Non-current assets 4,417 4,265 3,948 3,634
Intangible assets 0 0 0
Tangible assets 4,411 4,259 3,942 3,628
Financial assets 6 6 6 6
Other non-current assets
Current assets 584 533 577 542
Inventories and prepaid expenses 109 85 73 88
Accounts receivable in one year 331 325 342 393
Other current assets
Cash and cash equivalents 144 124 162 61
Total assets 5,001 4,798 4,525 4,175
Equity 1,556 1,509 1,540 1,765
Grants and subsidies 1,182 1,104 1,026 949
Liabilities 2,263 2,186 1,959 1,462
Financial liabilities 1,458 1,376 1,160 944
Long-term liabilities 1,193 1,160 944 734
Short-term liabilities 1,070 1,026 1,015 728
Equity and liabilities 5,001 4,798 4,525 4,175

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -5% -5% -5% -3%
Return on equity (ROE) -17% -17% -14% -8%
Return on capital employed (ROCE) -9% -11% -7% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.94 0.91 0.75 0.53
Current Ratio 0.55 0.52 0.57 0.74
Quick ratio 0.44 0.44 0.50 0.62
Turnover ratios
Asset turnover 0.28 0.27 0.26 0.35
Fixed asset turnover 0.31 0.30 0.30 0.40
Equity turnover 0.96 0.86 0.80 0.92
Profitability ratios
EBITDA margin 12% 10% 16% 16%
Operating profit margin -15% -17% -14% -7%
Net profit margin -18% -20% -18% -8%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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

-7.5%

Number of employees

39

Financial data provided as at end-December 2021