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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 35,630 37,402 33,737 28,354
Cost of goods sold 30,949 33,686 32,358 25,668
Gross profit (loss) 4,681 3,716 1,379 2,686
Gross profit margin 13% 10% 4% 9%
Operating expenses 3,347 2,656 2,845 3,637
Operating profit (loss) 1,334 1,060 -1,466 -951
Operating profit margin 4% 3% -4% -3%
EBITDA 5,421 5,848 4,550 5,578
EBITDA margin 15% 16% 13% 20%
Net profit (loss) 2,359 3,055 1,444 1,923
Net profit margin 7% 8% 4% 7%

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* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2017 2018 2019 2020
Non-current assets 51,946 60,142 65,561 67,628
Intangible assets 44 71 114 134
Tangible assets 49,101 57,326 62,838 64,918
Financial assets 2,342 2,342 2,340 2,345
Other non-current assets 460 402 269 231
Current assets 15,198 15,285 12,930 12,116
Inventories and prepaid expenses 3,477 3,567 3,515 3,584
Accounts receivable in one year 8,253 9,508 7,477 7,269
Other current assets 0 0 0 0
Cash and cash equivalents 3,468 2,209 1,939 1,263
Total assets 67,165 75,444 78,517 79,785
Equity 46,776 48,504 48,191 49,185
Grants and subsidies 9,651 11,218 14,721 16,100
Liabilities 10,704 15,604 15,338 14,461
Financial liabilities 3,202 7,798 9,627 9,735
Long-term liabilities 2,499 3,159 5,538 5,733
Short-term liabilities 7,624 11,930 9,711 8,640
Equity and liabilities 67,165 75,444 78,517 79,785

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* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 8% 3% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.16 0.20 0.20
Current Ratio 0.00 1.28 1.33 1.40
Quick ratio 0.00 0.98 0.97 0.99
Turnover ratios
Asset turnover 0.00 0.52 0.44 0.36
Fixed asset turnover 0.00 0.67 0.54 0.43
Equity turnover 0.00 0.79 0.70 0.58
Profitability ratios
EBITDA margin 0% 16% 13% 20%
Operating profit margin 0% 3% -4% -3%
Net profit margin 0% 8% 4% 7%
Other ratios
Dividends to the Municipality 0.00 1,325.28 701.39 857.45
Dividends paid / net profit 0.00 0.43 0.49 0.45

* Left axis

** Right axis

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


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Financial statments

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 Municipal75.5%
https://www.klenergija.lt/
ROE

3.9%

Number of employees

292

Financial data provided as at end-December 2020