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

2021 2022 2023 2024
Revenue 2,199 2,613 2,811 2,830
Cost of goods sold 1,791 2,440 2,086 2,271
Gross profit (loss) 408 173 725 558
Gross profit margin 19% 7% 26% 20%
Operating expenses 429 429 515 571
Operating profit (loss) -88 -319 138 -84
Operating profit margin -4% -12% 5% -3%
EBITDA 164 -29 357 117
EBITDA margin 7% -1% 13% 4%
Net profit (loss) -95 -332 82 -168
Net profit margin -4% -13% 3% -6%

Balance sheet

2021 2022 2023 2024
Non-current assets 10,256 9,484 6,151 5,907
Intangible assets 9 9 4 3
Tangible assets 10,242 9,468 6,141 5,898
Financial assets 6 6 6 6
Other non-current assets
Current assets 838 1,038 890 870
Inventories and prepaid expenses 190 154 104 181
Accounts receivable in one year 463 593 469 429
Other current assets
Cash and cash equivalents 184 290 317 261
Total assets 11,098 10,527 7,046 6,782
Equity 2,118 1,787 2,052 1,884
Grants and subsidies 7,470 6,931 3,518 3,420
Liabilities 1,510 1,809 1,477 1,478
Financial liabilities 880 996 955 883
Long-term liabilities 453 851 774 650
Short-term liabilities 1,057 958 703 828
Equity and liabilities 11,098 10,527 7,046 6,782

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) -1% -3% 1% -2%
Return on equity (ROE) -4% -17% 4% -9%
Return on capital employed (ROCE) -3% -12% 5% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.09 0.14 0.13
Current Ratio 0.79 1.08 1.27 1.05
Quick ratio 0.61 0.92 1.12 0.83
Turnover ratios
Asset turnover 0.20 0.25 0.40 0.42
Fixed asset turnover 0.21 0.28 0.46 0.48
Equity turnover 1.04 1.46 1.37 1.50
Profitability ratios
EBITDA margin 7% -1% 13% 4%
Operating profit margin -4% -12% 5% -3%
Net profit margin -4% -13% 3% -6%
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

Expectations of the municipal

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%
  • Contacts https://krenergija.lt/
ROE

-8.5%

Number of employees

70

Financial data provided as at end-December 2024

Management

  • Rimvydas DūdonisChief Executive Officer

Information as of: 2025/06/01