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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,227 2,386 2,242 2,009
Cost of goods sold 1,787 2,034 1,883 1,639
Gross profit (loss) 440 352 359 369
Gross profit margin 20% 15% 16% 18%
Operating expenses 433 432 555 454
Operating profit (loss) 7 -80 -196 -84
Operating profit margin 0% -3% -9% -4%
EBITDA 261 256 226 255
EBITDA margin 12% 11% 10% 13%
Net profit (loss) 79 35 0 21
Net profit margin 4% 1% 0% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 3,325 3,219 3,125 3,754
Intangible assets 13 6 0 3
Tangible assets 3,266 3,175 3,092 3,711
Financial assets 4 5 5 5
Other non-current assets 42 33 29 34
Current assets 737 897 690 694
Inventories and prepaid expenses 144 173 194 186
Accounts receivable in one year 381 606 380 378
Other current assets
Cash and cash equivalents 212 118 117 129
Total assets 4,066 4,118 3,819 4,448
Equity 2,343 2,339 2,300 2,321
Grants and subsidies 726 937 883 1,222
Liabilities 997 843 636 906
Financial liabilities 464 404 282 580
Long-term liabilities 392 282 147 386
Short-term liabilities 605 560 489 520
Equity and liabilities 4,066 4,118 3,819 4,448

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 1% 0% 1%
Return on equity (ROE) 2% 0% 1%
Return on capital employed (ROCE) 3% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.17 0.12 0.25
Current Ratio 1.60 1.41 1.33
Quick ratio 1.29 1.02 0.98
Turnover ratios
Asset turnover 0.58 0.56 0.49
Fixed asset turnover 0.73 0.71 0.58
Equity turnover 1.02 0.97 0.87
Profitability ratios
EBITDA margin 11% 10% 13%
Operating profit margin -3% -9% -4%
Net profit margin 1% 0% 1%
Other ratios
Dividends to the Municipality 11.85
Dividends paid / net profit 0.57

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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%
http://www.kresiti.lt/
Return to the Municipality

12 EUR thousand

ROE

0.9%

Number of employees

67

Financial data provided as at end-December 2019

Management

  • Jonas BarzdysDirector General

Information as of: 2021/06/01