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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

2018 2019 2020 2021
Revenue 956 929 838 1,086
Cost of goods sold 845 868 822 956
Gross profit (loss) 111 61 16 131
Gross profit margin 12% 7% 2% 12%
Operating expenses 158 180 182 169
Operating profit (loss) -47 -120 -166 -39
Operating profit margin -5% -13% -20% -4%
EBITDA 73 3 -10 113
EBITDA margin 8% 0% -1% 10%
Net profit (loss) -25 -109 -186 -63
Net profit margin -3% -12% -22% -6%

Balance sheet

2018 2019 2020 2021
Non-current assets 2,208 3,258 3,089 2,883
Intangible assets 8 1
Tangible assets 2,201 3,257 3,089 2,883
Financial assets
Other non-current assets
Current assets 403 377 333 411
Inventories and prepaid expenses 134 116 96 108
Accounts receivable in one year 201 165 185 241
Other current assets
Cash and cash equivalents 69 97 51 63
Total assets 2,621 3,642 3,427 3,297
Equity 1,266 1,158 972 909
Grants and subsidies 791 1,070 1,024 959
Liabilities 564 1,414 1,431 1,429
Financial liabilities 318 1,239 1,240 1,175
Long-term liabilities 265 1,180 1,175 1,109
Short-term liabilities 299 234 256 320
Equity and liabilities 2,621 3,642 3,427 3,297

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% -3% -5% -2%
Return on equity (ROE) -2% -9% -17% -7%
Return on capital employed (ROCE) -2% -6% -10% -2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.25 1.07 1.28 1.29
Current Ratio 1.35 1.61 1.30 1.29
Quick ratio 0.90 1.12 0.92 0.95
Turnover ratios
Asset turnover 0.37 0.30 0.24 0.32
Fixed asset turnover 0.43 0.34 0.26 0.36
Equity turnover 0.75 0.77 0.79 1.16
Profitability ratios
EBITDA margin 8% 0% -1% 10%
Operating profit margin -5% -13% -20% -4%
Net profit margin -3% -12% -22% -6%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

-6.7%

Number of employees

36

Financial data provided as at end-December 2021