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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB “Klaipėdos energija” was founded in 1991. The major activitiy of the company is the production, distribution and supply of thermal water energy, heating supply and maintenance of heating systems.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 33,737 28,354 37,644 51,987
Cost of goods sold 32,358 25,668 35,531 49,862
Gross profit (loss) 1,379 2,686 2,113 2,125
Gross profit margin 4% 9% 6% 4%
Operating expenses 1,970 2,780 2,925 3,205
Operating profit (loss) -1,466 -951 -1,793 -2,112
Operating profit margin -4% -3% -5% -4%
EBITDA 4,550 5,459 2,716 3,452
EBITDA margin 13% 19% 7% 7%
Net profit (loss) 1,444 1,923 -883 12
Net profit margin 4% 7% -2% 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

2019 2020 2021 2022
Non-current assets 65,561 67,628 68,021 72,164
Intangible assets 114 134 287 334
Tangible assets 62,838 64,918 65,345 69,479
Financial assets 2,340 2,345 2,183 2,183
Other non-current assets 269 231 206 169
Current assets 12,930 12,116 13,316 18,708
Inventories and prepaid expenses 3,515 3,584 2,588 2,892
Accounts receivable in one year 7,477 7,269 10,262 14,167
Other current assets
Cash and cash equivalents 1,939 1,263 467 1,649
Total assets 78,517 79,785 81,367 90,922
Equity 48,191 49,185 47,166 47,179
Grants and subsidies 14,721 16,100 15,501 14,848
Liabilities 15,249 14,373 18,566 28,749
Financial liabilities 9,627 9,735 11,355 16,306
Long-term liabilities 5,538 5,733 4,015 6,276
Short-term liabilities 9,711 8,640 14,550 22,473
Equity and liabilities 78,517 79,785 81,367 90,922

* 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% 0%
Return on equity (ROE) 3% 4% -2% 0%
Return on capital employed (ROCE) -3% -2% -4% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.12 0.12 0.14 0.18
Current Ratio 1.33 1.40 0.92 0.83
Quick ratio 0.97 0.99 0.74 0.70
Turnover ratios
Asset turnover 0.43 0.36 0.46 0.57
Fixed asset turnover 0.51 0.42 0.55 0.72
Equity turnover 0.70 0.58 0.80 1.10
Profitability ratios
EBITDA margin 13% 19% 7% 7%
Operating profit margin -4% -3% -5% -4%
Net profit margin 4% 7% -2% 0%
Other ratios
Dividends to the Municipality 701.39 857.45 0.00 85.26
Dividends paid / net profit 0.49 0.45 0.00 6.88

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameAB „Klaipėdos energija“
  • Legal formPublic limited liability company (AB)
  • Company code140249252
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionKlaipėda city municipality
  • Share belonging to the Municipal75.45%
https://klenergija.lt/
Return to the Municipality

85 EUR thousand

ROE

0.0%

Number of employees

286

Financial data provided as at end-December 2022