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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB “Kauno energija” was established on 22nd of August of Y1997. The main activities are heating supply for consumers, a production of heating and electric power. Since Y1998 company’s shares are listed in the additional listing of Nasdaq Vilnius stock exchange. UAB “Kauno energija” has a daughter companies: UAB “Petrašiūnų katilinė” and UAB “Kauno energija NT”.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 61,316 54,649 42,030 50,963
Cost of goods sold 54,562 51,321 40,117 52,201
Gross profit (loss) 6,755 3,328 1,913 -1,238
Gross profit margin 11% 6% 5% -2%
Operating expenses 2,830 2,690 4,072 3,007
Operating profit (loss) 3,925 638 -2,159 -4,245
Operating profit margin 6% 1% -5% -8%
EBITDA 12,147 8,536 6,567 7,197
EBITDA margin 20% 16% 16% 14%
Net profit (loss) 3,963 933 -152 72
Net profit margin 6% 2% -0% 0%

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*** 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 125,300 139,789 152,174 156,713
Intangible assets 22 72 117 77
Tangible assets 125,277 138,434 150,382 155,243
Financial assets 0 1 409 186
Other non-current assets 1,283 1,266 1,207
Current assets 22,836 14,215 10,729 23,221
Inventories and prepaid expenses 2,712 1,582 1,934 6,163
Accounts receivable in one year 11,157 9,294 6,970 13,362
Other current assets 1,063
Cash and cash equivalents 8,761 2,219 1,800 3,696
Total assets 148,266 154,097 162,903 179,934
Equity 89,968 89,825 89,673 89,745
Grants and subsidies 18,235 25,519 29,966 32,715
Liabilities 39,926 38,600 43,127 57,264
Financial liabilities 23,821 23,690 26,545 35,672
Long-term liabilities 19,340 18,917 30,411 39,607
Short-term liabilities 14,269 13,595 11,694 16,615
Equity and liabilities 148,266 154,097 162,903 179,934

* 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) 3% 1% -0% 0%
Return on equity (ROE) 4% 1% -0% 0%
Return on capital employed (ROCE) 7% 2% -1% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.26 0.26 0.30 0.40
Current Ratio 1.60 1.05 0.92 1.40
Quick ratio 1.41 0.93 0.75 1.03
Turnover ratios
Asset turnover 0.41 0.36 0.27 0.30
Fixed asset turnover 0.48 0.41 0.29 0.33
Equity turnover 0.68 0.61 0.47 0.57
Profitability ratios
EBITDA margin 20% 16% 16% 14%
Operating profit margin 6% 1% -5% -8%
Net profit margin 6% 2% -0% 0%
Other ratios
Dividends to the Municipality 1,051.91
Dividends paid / net profit 0.27

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*** 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 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

0.1%

Number of employees

377

Financial data provided as at end-December 2021