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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Marijampolės šilumos tinklai“ was established on the 1st of April, 2000, after the reorganization of SP AB “Alytaus šilumos tinklai”. The company is directly related to the heat sector, but the company’s activities are specific. The company does not engage in manufacturing activities. The main activity of the company is the rental of assets required for the production and supply of heat and hot water.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 788 807 815 870
Cost of goods sold 683 686 688 743
Gross profit (loss) 105 121 127 127
Gross profit margin 13% 15% 16% 15%
Operating expenses 96 98 106 120
Operating profit (loss) 9 23 21 7
Operating profit margin 1% 3% 3% 1%
EBITDA 558 585 553 612
EBITDA margin 71% 72% 68% 70%
Net profit (loss) 19 42 18 29
Net profit margin 2% 5% 2% 3%

Balance sheet

2018 2019 2020 2021
Non-current assets 5,700 5,160 5,699 5,835
Intangible assets 5,699
Tangible assets 5,160 5,699 5,834
Financial assets
Other non-current assets 1 1 1 1
Current assets 585 1,172 622 530
Inventories and prepaid expenses 17 11 11 13
Accounts receivable in one year 383 886 318 217
Other current assets
Cash and cash equivalents 185 275 294 300
Total assets 6,285 6,332 6,322 6,365
Equity 6,207 6,249 6,266 6,295
Grants and subsidies
Liabilities 78 83 56 70
Financial liabilities 96 65 53 42
Long-term liabilities 65 53 41 29
Short-term liabilities 13 30 15 41
Equity and liabilities 6,285 6,332 6,322 6,365

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% 1% 0% 0%
Return on equity (ROE) 0% 1% 0% 0%
Return on capital employed (ROCE) 1% 2% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.01 0.01 0.01
Current Ratio 46.77 38.67 42.63 12.81
Quick ratio 45.45 38.30 41.91 12.50
Turnover ratios
Asset turnover 0.13 0.13 0.13 0.14
Fixed asset turnover 0.14 0.15 0.15 0.15
Equity turnover 0.13 0.13 0.13 0.14
Profitability ratios
EBITDA margin 71% 72% 68% 70%
Operating profit margin 1% 3% 3% 1%
Net profit margin 2% 5% 2% 3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Marijampolės šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code151425755
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionMarijampolė municipality
  • Share belonging to the Municipal100%
http://marijampolessilumostinklai.lt/
ROE

0.5%

Number of employees

5

Financial data provided as at end-December 2021