Kretingos šilumos tinklai
UAB Kretingos šilumos tinklai was registered in 1998 after the reorganization of SP AB Klaipedos Energija. In 2003 registered change of name from SP UAB “Kretingos šilumos tinklai” to UAB “Kretingos šilumos tinklai”. The main activity is steam and hot water supply. Other activities – maintenance of heating systems
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,009 | 2,655 | 3,704 | 3,654 |
| Cost of goods sold | 1,639 | 2,041 | 3,183 | 2,959 |
| Gross profit (loss) | 369 | 614 | 520 | 694 |
| Gross profit margin | 18% | 23% | 14% | 19% |
| Operating expenses | 398 | 409 | 694 | 528 |
| Operating profit (loss) | -84 | 148 | -239 | 94 |
| Operating profit margin | -4% | 6% | -6% | 3% |
| EBITDA | 255 | 430 | 71 | 438 |
| EBITDA margin | 13% | 16% | 2% | 12% |
| Net profit (loss) | 21 | 163 | -221 | 97 |
| Net profit margin | 1% | 6% | -6% | 3% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 3,754 | 3,550 | 3,350 | 3,291 |
| Intangible assets | 3 | 6 | 8 | 12 |
| Tangible assets | 3,711 | 3,494 | 3,338 | 3,275 |
| Financial assets | 5 | 5 | 4 | 4 |
| Other non-current assets | 34 | 45 | ||
| Current assets | 694 | 995 | 1,484 | 857 |
| Inventories and prepaid expenses | 186 | 362 | 416 | 172 |
| Accounts receivable in one year | 378 | 585 | 852 | 533 |
| Other current assets | 0 | |||
| Cash and cash equivalents | 129 | 48 | 216 | 152 |
| Total assets | 4,448 | 4,548 | 4,836 | 4,151 |
| Equity | 2,321 | 2,505 | 2,245 | 2,342 |
| Grants and subsidies | 1,222 | 1,161 | 1,086 | 1,001 |
| Liabilities | 906 | 881 | 1,505 | 808 |
| Financial liabilities | 580 | 386 | 582 | 307 |
| Long-term liabilities | 386 | 276 | 249 | 202 |
| Short-term liabilities | 520 | 606 | 1,255 | 606 |
| Equity and liabilities | 4,448 | 4,548 | 4,836 | 4,151 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 4% | -5% | 2% |
| Return on equity (ROE) | 1% | 7% | -9% | 4% |
| Return on capital employed (ROCE) | -3% | 5% | -10% | 4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.13 | 0.08 | 0.12 | 0.07 |
| Current Ratio | 1.33 | 1.64 | 1.18 | 1.41 |
| Quick ratio | 0.98 | 1.04 | 0.85 | 1.13 |
| Turnover ratios | ||||
| Asset turnover | 0.45 | 0.58 | 0.77 | 0.88 |
| Fixed asset turnover | 0.54 | 0.75 | 1.11 | 1.11 |
| Equity turnover | 0.87 | 1.06 | 1.65 | 1.56 |
| Profitability ratios | ||||
| EBITDA margin | 13% | 16% | 2% | 12% |
| Operating profit margin | -4% | 6% | -6% | 3% |
| Net profit margin | 1% | 6% | -6% | 3% |
| Other ratios | ||||
| Dividends to the Municipality | 11.82 | 30.02 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.57 | 0.18 | 0.00 | 0.00 |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB Kretingos šilumos tinklai
- Legal formPrivate limited liability company (UAB)
- Company code164294882
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionKretinga district municipality
- Share belonging to the Municipal75.8%
ROE
4.2%
Number of employees
63
Financial data provided as at end-December 2023
Management
- Dainius BudrysChief Executive Officer
Information as of: 2024/06/14
