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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kaišiadorių šiluma” was established in 25th of August of Y2000. The company provides and air conditioning and steam supply services.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 2,102 1,858 2,363 3,639
Cost of goods sold 1,818 1,583 2,165 3,845
Gross profit (loss) 284 275 198 -205
Gross profit margin 14% 15% 8% -6%
Operating expenses 327 346 271 328
Operating profit (loss) -43 -71 -73 -533
Operating profit margin -2% -4% -3% -15%
EBITDA 427 420 459 -42
EBITDA margin 20% 23% 19% -1%
Net profit (loss) 194 169 205 -351
Net profit margin 9% 9% 9% -10%

* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2019 2020 2021 2022
Non-current assets 4,462 4,261 4,772 4,453
Intangible assets 2 6 3 1
Tangible assets 4,459 4,254 4,768 4,451
Financial assets 1 1 1 1
Other non-current assets
Current assets 1,106 1,174 1,454 1,168
Inventories and prepaid expenses 64 72 99 191
Accounts receivable in one year 338 348 531 879
Other current assets
Cash and cash equivalents 704 755 824 97
Total assets 5,573 5,441 6,233 5,630
Equity 2,497 2,616 2,821 2,390
Grants and subsidies 1,860 1,735 1,609 1,483
Liabilities 1,216 1,090 1,802 1,757
Financial liabilities 1,019 872 1,445 1,199
Long-term liabilities 872 724 1,199 953
Short-term liabilities 345 366 604 804
Equity and liabilities 5,573 5,441 6,233 5,630

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 4% 3% 4% -6%
Return on equity (ROE) 8% 7% 8% -13%
Return on capital employed (ROCE) -1% -2% -2% -16%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.16 0.23 0.21
Current Ratio 3.21 3.21 2.41 1.45
Quick ratio 3.02 3.01 2.24 1.21
Turnover ratios
Asset turnover 0.38 0.34 0.38 0.65
Fixed asset turnover 0.47 0.44 0.50 0.82
Equity turnover 0.84 0.71 0.84 1.52
Profitability ratios
EBITDA margin 20% 23% 19% -1%
Operating profit margin -2% -4% -3% -15%
Net profit margin 9% 9% 9% -10%
Other ratios
Dividends to the Municipality 50.05 0.00 80.02 0.00
Dividends paid / net profit 0.26 0.00 0.39 0.00

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Kaišiadorių šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code158996646
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionKaišiadoriai district municipality
  • Share belonging to the Municipal99.9%
https://kaisiluma.lt/
ROE

-13.5%

Number of employees

52

Financial data provided as at end-December 2022

Management

  • Rugilė ČervokienėChief Executive Officer

Information as of: 4/30/2023