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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Jonavos šilumos tinklai” has been founded in 19th of August of Y1997. The main activity of the company – production of steam and hot water and centralized supply for consumers. Also company performs maintenance services for housing and other buildings hot water and heating systems

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 6,418 6,270 5,743 7,557
Cost of goods sold 6,276 6,078 5,041 6,667
Gross profit (loss) 142 192 702 890
Gross profit margin 2% 3% 12% 12%
Operating expenses 419 385 467 574
Operating profit (loss) -277 -193 235 316
Operating profit margin -4% -3% 4% 4%
EBITDA 705 700 759 1,317
EBITDA margin 11% 11% 13% 17%
Net profit (loss) -73 -385 -180 407
Net profit margin -1% -6% -3% 5%

Balance sheet

2018 2019 2020 2021
Non-current assets 9,813 8,975 8,161 7,643
Intangible assets 4 2 1 75
Tangible assets 9,803 8,967 8,154 7,562
Financial assets 6 6 6 6
Other non-current assets
Current assets 2,326 2,024 1,710 2,831
Inventories and prepaid expenses 454 452 450 572
Accounts receivable in one year 1,737 1,491 1,129 1,627
Other current assets
Cash and cash equivalents 135 81 131 632
Total assets 12,146 11,012 9,877 10,484
Equity 6,227 5,826 5,631 6,022
Grants and subsidies 2,643 2,447 2,202 2,133
Liabilities 3,267 2,738 2,019 2,307
Financial liabilities 2,681 2,163 1,553 1,010
Long-term liabilities 1,733 1,714 1,044 498
Short-term liabilities 1,534 1,024 975 1,809
Equity and liabilities 12,146 11,012 9,877 10,484

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% -3% -2% 4%
Return on equity (ROE) -1% -6% -3% 7%
Return on capital employed (ROCE) -4% -4% -3% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.43 0.37 0.28 0.17
Current Ratio 1.52 1.98 1.75 1.57
Quick ratio 1.22 1.54 1.29 1.25
Turnover ratios
Asset turnover 0.52 0.54 0.55 0.74
Fixed asset turnover 0.64 0.67 0.67 0.96
Equity turnover 1.02 1.04 1.00 1.30
Profitability ratios
EBITDA margin 11% 11% 13% 17%
Operating profit margin -4% -3% 4% 4%
Net profit margin -1% -6% -3% 5%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Jonavos šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code156737189
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionJonava district municipality
  • Share belonging to the Municipal100%
https://www.jonavosst.lt/
ROE

7.0%

Number of employees

91

Financial data provided as at end-December 2021