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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB “Kazlų Rūdos šilumos tinklai” was established in 20th of November 2000. The main activity of the company – heating and hot water supply to customers according to the license, also – rent of the real estate owned, maintenance service of heating systems.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 473 999 1,056 2,199
Cost of goods sold 508 781 995 1,791
Gross profit (loss) -35 218 61 408
Gross profit margin -7% 22% 6% 19%
Operating expenses 114 126 209 496
Operating profit (loss) -148 93 -148 -88
Operating profit margin -31% 9% -14% -4%
EBITDA 4 268 44 164
EBITDA margin 1% 27% 4% 7%
Net profit (loss) -361 86 -144 -95
Net profit margin -76% 9% -14% -4%

Balance sheet

2018 2019 2020 2021
Non-current assets 3,716 3,460 10,496 10,256
Intangible assets 9 4 11 9
Tangible assets 3,701 3,450 10,479 10,242
Financial assets 6 6 6 6
Other non-current assets
Current assets 359 341 650 838
Inventories and prepaid expenses 48 47 132 190
Accounts receivable in one year 276 164 339 463
Other current assets
Cash and cash equivalents 35 129 179 184
Total assets 4,076 3,802 11,150 11,098
Equity 2,046 2,132 2,214 2,118
Grants and subsidies 1,419 1,321 7,863 7,470
Liabilities 610 349 1,074 1,510
Financial liabilities 332 226 524 880
Long-term liabilities 225 102 354 453
Short-term liabilities 385 247 720 1,057
Equity and liabilities 4,076 3,802 11,150 11,098

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -9% 2% -2% -1%
Return on equity (ROE) -16% 4% -7% -4%
Return on capital employed (ROCE) -9% 5% -3% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16 0.11 0.24 0.42
Current Ratio 0.93 1.38 0.90 0.79
Quick ratio 0.81 1.19 0.72 0.61
Turnover ratios
Asset turnover 0.12 0.25 0.14 0.20
Fixed asset turnover 0.13 0.28 0.15 0.21
Equity turnover 0.21 0.48 0.49 1.02
Profitability ratios
EBITDA margin 1% 27% 4% 7%
Operating profit margin -31% 9% -14% -4%
Net profit margin -76% 9% -14% -4%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

About the company

  • Official nameUAB „Kazlų Rūdos šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code166092559
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionKazlų Rūda municipality
  • Share belonging to the Municipal100%
http://www.krenergija.lt/
ROE

-4.4%

Number of employees

70

Financial data provided as at end-December 2021