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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

2018 2019 2020 2021
Revenue 37,402 33,737 28,354 37,644
Cost of goods sold 33,686 32,358 25,668 35,531
Gross profit (loss) 3,716 1,379 2,686 2,113
Gross profit margin 10% 4% 9% 6%
Operating expenses 2,656 2,845 3,637 3,906
Operating profit (loss) 1,060 -1,466 -951 -1,793
Operating profit margin 3% -4% -3% -5%
EBITDA 5,848 4,550 5,459 2,694
EBITDA margin 16% 13% 19% 7%
Net profit (loss) 3,055 1,444 1,923 -883
Net profit margin 8% 4% 7% -2%

Balance sheet

2018 2019 2020 2021
Non-current assets 60,142 65,561 67,628 68,021
Intangible assets 71 114 134 287
Tangible assets 57,326 62,838 64,918 65,345
Financial assets 2,342 2,340 2,345 2,183
Other non-current assets 402 269 231 206
Current assets 15,285 12,930 12,116 13,316
Inventories and prepaid expenses 3,567 3,515 3,584 2,588
Accounts receivable in one year 9,508 7,477 7,269 10,262
Other current assets
Cash and cash equivalents 2,209 1,939 1,263 467
Total assets 75,444 78,517 79,785 81,367
Equity 48,504 48,191 49,185 47,166
Grants and subsidies 11,218 14,721 16,100 15,501
Liabilities 15,604 15,338 14,461 18,654
Financial liabilities 7,798 9,627 9,735 11,355
Long-term liabilities 3,159 5,538 5,733 4,015
Short-term liabilities 11,930 9,711 8,640 14,550
Equity and liabilities 75,444 78,517 79,785 81,367

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 4% 2% 2% -1%
Return on equity (ROE) 6% 3% 4% -2%
Return on capital employed (ROCE) 8% 3% 5% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16 0.20 0.20 0.24
Current Ratio 1.28 1.33 1.40 0.92
Quick ratio 0.98 0.97 0.99 0.74
Turnover ratios
Asset turnover 0.52 0.44 0.36 0.47
Fixed asset turnover 0.67 0.54 0.43 0.56
Equity turnover 0.79 0.70 0.58 0.78
Profitability ratios
EBITDA margin 16% 13% 19% 7%
Operating profit margin 3% -4% -3% -5%
Net profit margin 8% 4% 7% -2%
Other ratios
Dividends to the Municipality 1,325.28 701.39 857.45
Dividends paid / net profit 0.43 0.49 0.45

Financial statments

Expectations of the municipal

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

-1.8%

Number of employees

287

Financial data provided as at end-December 2021