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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Lazdijų šiluma was established on August 17, 1997. Main activity of the company – supply of hot water to the households and businesses, maintenance of hot water meters and maintenance of internal heating and hot water systems.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 929 838 1,086 1,475
Cost of goods sold 868 822 956 1,301
Gross profit (loss) 61 16 131 174
Gross profit margin 7% 2% 12% 12%
Operating expenses 180 182 169 215
Operating profit (loss) -120 -166 -39 -41
Operating profit margin -13% -20% -4% -3%
EBITDA 3 -10 113 100
EBITDA margin 0% -1% 10% 7%
Net profit (loss) -109 -186 -63 -70
Net profit margin -12% -22% -6% -5%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 3,258 3,089 2,883 2,705
Intangible assets 1 4
Tangible assets 3,257 3,089 2,883 2,701
Financial assets
Other non-current assets
Current assets 377 333 411 627
Inventories and prepaid expenses 116 96 108 135
Accounts receivable in one year 165 185 241 341
Other current assets
Cash and cash equivalents 97 51 63 151
Total assets 3,642 3,427 3,297 3,334
Equity 1,158 972 909 838
Grants and subsidies 1,070 1,024 959 896
Liabilities 1,414 1,431 1,429 1,600
Financial liabilities 1,239 1,240 1,175 1,209
Long-term liabilities 1,180 1,175 1,109 1,130
Short-term liabilities 234 256 320 470
Equity and liabilities 3,642 3,427 3,297 3,334

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -3% -5% -2% -2%
Return on equity (ROE) -9% -17% -7% -8%
Return on capital employed (ROCE) -5% -8% -2% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.34 0.36 0.36 0.36
Current Ratio 1.61 1.30 1.29 1.34
Quick ratio 1.12 0.92 0.95 1.05
Turnover ratios
Asset turnover 0.26 0.24 0.33 0.44
Fixed asset turnover 0.29 0.27 0.38 0.55
Equity turnover 0.80 0.86 1.20 1.76
Profitability ratios
EBITDA margin 0% -1% 10% 7%
Operating profit margin -13% -20% -4% -3%
Net profit margin -12% -22% -6% -5%
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

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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 Municipal99.94%
https://lazdijusiluma.lt/
ROE

-8.0%

Number of employees

36

Financial data provided as at end-December 2022

Management

  • Remigijus Aleksandras ViniarskasChief Executive Officer

Information as of: 4/30/2023