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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

2018 2019 2020 2021
Revenue 2,216 2,102 1,858 2,363
Cost of goods sold 1,915 1,818 1,583 2,165
Gross profit (loss) 301 284 275 198
Gross profit margin 14% 14% 15% 8%
Operating expenses 335 327 346 271
Operating profit (loss) -34 -43 -71 -73
Operating profit margin -2% -2% -4% -3%
EBITDA 443 427 420 459
EBITDA margin 20% 20% 23% 19%
Net profit (loss) 186 194 169 205
Net profit margin 8% 9% 9% 9%

* Left axis

** Right axis

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

Balance sheet

2018 2019 2020 2021
Non-current assets 4,230 4,462 4,261 4,772
Intangible assets 1 2 6 3
Tangible assets 4,229 4,459 4,254 4,768
Financial assets 1 1 1 1
Other non-current assets
Current assets 1,103 1,106 1,174 1,454
Inventories and prepaid expenses 86 64 72 99
Accounts receivable in one year 458 338 348 531
Other current assets
Cash and cash equivalents 559 704 755 824
Total assets 5,338 5,573 5,441 6,233
Equity 2,303 2,497 2,616 2,821
Grants and subsidies 1,568 1,860 1,735 1,609
Liabilities 1,467 1,216 1,090 1,802
Financial liabilities 974 1,019 872 1,445
Long-term liabilities 851 872 724 1,199
Short-term liabilities 616 345 366 604
Equity and liabilities 5,338 5,573 5,441 6,233

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 4% 4% 3% 4%
Return on equity (ROE) 8% 8% 7% 8%
Return on capital employed (ROCE) 9% 8% 7% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.42 0.41 0.33 0.51
Current Ratio 1.79 3.21 3.21 2.41
Quick ratio 1.65 3.02 3.01 2.24
Turnover ratios
Asset turnover 0.46 0.39 0.34 0.40
Fixed asset turnover 0.59 0.48 0.43 0.52
Equity turnover 1.00 0.88 0.73 0.87
Profitability ratios
EBITDA margin 20% 20% 23% 19%
Operating profit margin -2% -2% -4% -3%
Net profit margin 8% 9% 9% 9%
Other ratios
Dividends to the Municipality 50.05 79.92
Dividends paid / net profit 0.26 0.39

* Left axis

** Right axis

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

Financial statments

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 Municipal99.89%
http://www.kaisiluma.lt/
ROE

7.5%

Number of employees

49

Financial data provided as at end-December 2021