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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 117 99 119 274
Cost of goods sold 86 86 52 134
Gross profit (loss) 31 13 67 140
Gross profit margin 26% 14% 56% 51%
Operating expenses 27 27 98 179
Operating profit (loss) 3 -14 -31 -38
Operating profit margin 3% -14% -26% -14%
EBITDA 39 25 8 10
EBITDA margin 34% 26% 6% 4%
Net profit (loss) 3 -11 -27 -39
Net profit margin 2% -11% -23% -14%

* Left axis

** Right axis

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

Balance sheet

2018 2019 2020 2021
Non-current assets 365 329 321 359
Intangible assets 1
Tangible assets 365 329 321 358
Financial assets
Other non-current assets
Current assets 67 49 82 68
Inventories and prepaid expenses 0 1
Accounts receivable in one year 26 10 11 46
Other current assets
Cash and cash equivalents 41 39 71 21
Total assets 432 378 403 428
Equity 79 69 102 63
Grants and subsidies 321 297 273 261
Liabilities 31 12 28 101
Financial liabilities 16 54
Long-term liabilities 13 36
Short-term liabilities 31 12 15 65
Equity and liabilities 432 378 403 427

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% -3% -7% -9%
Return on equity (ROE) 4% -14% -31% -47%
Return on capital employed (ROCE) 2% -6% -14% -20%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.15 0.85
Current Ratio 2.13 4.03 5.41 1.05
Quick ratio 2.13 4.03 5.41 1.04
Turnover ratios
Asset turnover 0.27 0.24 0.31 0.66
Fixed asset turnover 0.30 0.29 0.37 0.81
Equity turnover 1.50 1.34 1.40 3.32
Profitability ratios
EBITDA margin 34% 26% 6% 4%
Operating profit margin 3% -14% -26% -14%
Net profit margin 2% -11% -23% -14%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

*** 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 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%
https://klaipedosrajonoenergija.lt/
ROE

-46.9%

Number of employees

15

Financial data provided as at end-December 2021