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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 59,680 61,316 54,649 42,030
Cost of goods sold 49,618 54,562 51,321 39,398
Gross profit (loss) 10,062 6,755 3,328 2,632
Gross profit margin 17% 11% 6% 6%
Operating expenses 3,058 2,830 2,690 4,061
Operating profit (loss) 7,004 3,925 638 -1,429
Operating profit margin 12% 6% 1% -3%
EBITDA 15,538 12,147 8,536 7,574
EBITDA margin 26% 20% 16% 18%
Net profit (loss) 6,860 3,963 933 -152
Net profit margin 11% 6% 2% -0%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 130,005 125,300 139,789 152,174
Intangible assets 56 22 72 117
Tangible assets 129,949 125,277 138,434 150,382
Financial assets 1 0 1 408
Other non-current assets 0 0 1,283 1,266
Current assets 18,971 22,836 14,215 10,669
Inventories and prepaid expenses 1,698 2,712 1,582 1,361
Accounts receivable in one year 10,663 11,157 9,294 6,971
Other current assets 0 0 1,063 513
Cash and cash equivalents 6,610 8,761 2,219 1,801
Total assets 149,158 148,266 154,097 162,903
Equity 89,343 89,968 89,825 89,673
Grants and subsidies 19,509 18,235 25,519 29,966
Liabilities 40,188 39,926 38,600 43,127
Financial liabilities 25,005 23,821 23,690 27,881
Long-term liabilities 18,872 19,340 18,917 24,871
Short-term liabilities 15,178 14,269 13,595 11,559
Equity and liabilities 149,158 148,266 154,097 162,903

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 7% 2% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.26 0.26 0.31
Current Ratio 0.00 1.60 1.05 0.92
Quick ratio 0.00 1.41 0.93 0.81
Turnover ratios
Asset turnover 0.00 0.41 0.36 0.27
Fixed asset turnover 0.00 0.48 0.41 0.29
Equity turnover 0.00 0.68 0.61 0.47
Profitability ratios
EBITDA margin 0% 20% 16% 18%
Operating profit margin 0% 6% 1% -3%
Net profit margin 0% 6% 2% -0%
Other ratios
Dividends to the Municipality 0.00 1,051.91 0.00 0.00
Dividends paid / net profit 0.00 0.27 0.00 0.00

* Left axis

** Right axis

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


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Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameAB „Kauno energija“
  • Legal formPublic limited liability company (AB)
  • Company code235014830
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionKaunas city municipality
    ↑ Controlling (holding the largest share) institution

    Kaunas district municipality
    Jurbarkas district municipality
  • Share belonging to the Municipal98.3%
https://www.kaunoenergija.lt/
ROE

-0.2%

Number of employees

365

Financial data provided as at end-December 2020