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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

2019 2020 2021 2022
Revenue 999 1,056 2,199 2,613
Cost of goods sold 781 995 1,791 2,440
Gross profit (loss) 218 61 408 173
Gross profit margin 22% 6% 19% 7%
Operating expenses 105 180 429 429
Operating profit (loss) 93 -148 -88 -319
Operating profit margin 9% -14% -4% -12%
EBITDA 268 44 164 -29
EBITDA margin 27% 4% 7% -1%
Net profit (loss) 86 -144 -95 -332
Net profit margin 9% -14% -4% -13%

* 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 3,460 10,496 10,256 9,484
Intangible assets 4 11 9 9
Tangible assets 3,450 10,479 10,242 9,468
Financial assets 6 6 6 6
Other non-current assets 0
Current assets 341 650 838 1,038
Inventories and prepaid expenses 47 132 190 154
Accounts receivable in one year 164 339 463 593
Other current assets 0
Cash and cash equivalents 129 179 184 290
Total assets 3,802 11,150 11,098 10,527
Equity 2,132 2,214 2,118 1,787
Grants and subsidies 1,321 7,863 7,470 6,931
Liabilities 349 1,074 1,510 1,809
Financial liabilities 226 524 880 996
Long-term liabilities 102 354 453 851
Short-term liabilities 247 720 1,057 958
Equity and liabilities 3,802 11,150 11,098 10,527

* 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) 2% -2% -1% -3%
Return on equity (ROE) 4% -7% -4% -17%
Return on capital employed (ROCE) 4% -6% -3% -12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 0.05 0.08 0.09
Current Ratio 1.38 0.90 0.79 1.08
Quick ratio 1.19 0.72 0.61 0.92
Turnover ratios
Asset turnover 0.26 0.09 0.20 0.25
Fixed asset turnover 0.29 0.10 0.21 0.28
Equity turnover 0.47 0.48 1.04 1.46
Profitability ratios
EBITDA margin 27% 4% 7% -1%
Operating profit margin 9% -14% -4% -12%
Net profit margin 9% -14% -4% -13%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 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 „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%
https://krenergija.lt/
ROE

-17.0%

Number of employees

69

Financial data provided as at end-December 2022

Management

  • Direktorius Raimondas RagauskasChief Executive Officer

Information as of: 4/30/2023