Klaipėdos rajono energija
UAB Klaipėdos rajono energija was established in 2012. The main activity is heat supply. Other activities – surface wastewater manager in Klaipėda district municipality, since 2021. the company starts additional environmental maintenance activities.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 99 | 119 | 274 | 652 |
| Cost of goods sold | 86 | 52 | 134 | 261 |
| Gross profit (loss) | 13 | 67 | 140 | 391 |
| Gross profit margin | 14% | 56% | 51% | 60% |
| Operating expenses | 27 | 18 | 46 | 68 |
| Operating profit (loss) | -14 | -31 | -38 | 46 |
| Operating profit margin | -14% | -26% | -14% | 7% |
| EBITDA | 25 | 8 | -14 | 84 |
| EBITDA margin | 26% | 6% | -5% | 13% |
| Net profit (loss) | -11 | -27 | -39 | 37 |
| Net profit margin | -11% | -23% | -14% | 6% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 329 | 321 | 359 | 358 |
| Intangible assets | 1 | 0 | ||
| Tangible assets | 329 | 321 | 358 | 357 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 49 | 82 | 68 | 113 |
| Inventories and prepaid expenses | 0 | 1 | 0 | |
| Accounts receivable in one year | 10 | 11 | 46 | 78 |
| Other current assets | 0 | |||
| Cash and cash equivalents | 39 | 71 | 21 | 35 |
| Total assets | 378 | 403 | 428 | 473 |
| Equity | 69 | 102 | 63 | 100 |
| Grants and subsidies | 297 | 273 | 261 | 225 |
| Liabilities | 12 | 28 | 101 | 145 |
| Financial liabilities | 0 | 16 | 54 | 73 |
| Long-term liabilities | 13 | 36 | 52 | |
| Short-term liabilities | 12 | 15 | 65 | 93 |
| Equity and liabilities | 378 | 403 | 428 | 473 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -3% | -7% | -9% | 8% |
| Return on equity (ROE) | -14% | -31% | -47% | 45% |
| Return on capital employed (ROCE) | -20% | -27% | -39% | 30% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.04 | 0.13 | 0.15 |
| Current Ratio | 4.03 | 5.41 | 1.05 | 1.22 |
| Quick ratio | 4.03 | 5.41 | 1.04 | 1.22 |
| Turnover ratios | ||||
| Asset turnover | 0.26 | 0.30 | 0.64 | 1.38 |
| Fixed asset turnover | 0.30 | 0.37 | 0.76 | 1.82 |
| Equity turnover | 1.44 | 1.17 | 4.34 | 6.54 |
| Profitability ratios | ||||
| EBITDA margin | 26% | 6% | -5% | 13% |
| Operating profit margin | -14% | -26% | -14% | 7% |
| Net profit margin | -11% | -23% | -14% | 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 |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB „Klaipėdos rajono energija“
- Legal formPrivate limited liability company (UAB)
- Company code302827126
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionKlaipėda district municipality
- Share belonging to the Municipal100%
ROE
45.0%
Number of employees
17
Financial data provided as at end-December 2022
Management
- Marius ŽiliusChief Executive Officer
Information as of: 4/30/2023
