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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 887 956 929 838
Cost of goods sold 780 845 868 822
Gross profit (loss) 107 111 61 16
Gross profit margin 12% 12% 7% 2%
Operating expenses 163 158 180 182
Operating profit (loss) -56 -47 -120 -166
Operating profit margin -6% -5% -13% -20%
EBITDA 105 73 3 -10
EBITDA margin 12% 8% 0% -1%
Net profit (loss) -53 -25 -109 -186
Net profit margin -6% -3% -12% -22%

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Balance sheet

2017 2018 2019 2020
Non-current assets 2,222 2,208 3,258 3,089
Intangible assets 14 8 1 0
Tangible assets 2,208 2,201 3,257 3,089
Financial assets 0 0 0 0
Other non-current assets 0 0 0 0
Current assets 341 403 377 333
Inventories and prepaid expenses 108 134 116 96
Accounts receivable in one year 164 201 165 185
Other current assets 0 0 0 0
Cash and cash equivalents 69 69 97 51
Total assets 2,571 2,621 3,642 3,427
Equity 1,289 1,266 1,158 972
Grants and subsidies 817 791 1,070 1,024
Liabilities 464 564 1,414 1,431
Financial liabilities 280 318 1,239 1,240
Long-term liabilities 233 265 1,180 1,175
Short-term liabilities 232 299 234 256
Equity and liabilities 2,571 2,621 3,642 3,427

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% -2% -6% -10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.25 1.07 1.28
Current Ratio 0.00 1.35 1.61 1.30
Quick ratio 0.00 0.90 1.12 0.92
Turnover ratios
Asset turnover 0.00 0.37 0.30 0.24
Fixed asset turnover 0.00 0.43 0.34 0.26
Equity turnover 0.00 0.75 0.77 0.79
Profitability ratios
EBITDA margin 0% 8% 0% -1%
Operating profit margin 0% -5% -13% -20%
Net profit margin 0% -3% -12% -22%
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

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Financial statments

About the company

  • Official nameUAB „Lazdijų šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code165219441
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionLazdijai district municipality
  • Share belonging to the Municipal99.92%
https://www.lazdijusiluma.lt/
ROE

-17.5%

Number of employees

34

Financial data provided as at end-December 2020