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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 6,166 6,948 5,958 4,702
Cost of goods sold 5,579 6,115 5,392 4,345
Gross profit (loss) 587 833 567 357
Gross profit margin 10% 12% 10% 8%
Operating expenses 615 730 709 620
Operating profit (loss) -28 104 -142 -263
Operating profit margin -0% 1% -2% -6%
EBITDA 1,278 1,228 982 879
EBITDA margin 21% 18% 16% 19%
Net profit (loss) 150 214 80 43
Net profit margin 2% 3% 1% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 10,006 9,596 9,102 8,879
Intangible assets 1 1 0 0
Tangible assets 9,997 9,589 9,094 8,870
Financial assets 0 0 0 0
Other non-current assets 7 7 8 9
Current assets 3,208 3,588 3,641 3,679
Inventories and prepaid expenses 788 1,077 712 460
Accounts receivable in one year 1,160 1,413 1,117 905
Other current assets 0 0 0 0
Cash and cash equivalents 1,260 1,098 1,812 2,314
Total assets 13,216 13,189 12,751 12,565
Equity 6,957 7,153 7,205 7,240
Grants and subsidies 2,853 2,640 2,546 2,434
Liabilities 3,405 3,397 2,999 2,892
Financial liabilities 2,764 2,633 2,493 2,418
Long-term liabilities 2,420 2,290 2,097 2,021
Short-term liabilities 941 1,013 858 825
Equity and liabilities 13,216 13,190 12,751 12,565

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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% 4% 2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.37 0.35 0.33
Current Ratio 0.00 3.54 4.25 4.46
Quick ratio 0.00 2.48 3.42 3.90
Turnover ratios
Asset turnover 0.00 0.53 0.46 0.37
Fixed asset turnover 0.00 0.71 0.64 0.52
Equity turnover 0.00 0.98 0.83 0.65
Profitability ratios
EBITDA margin 0% 18% 16% 19%
Operating profit margin 0% 1% -2% -6%
Net profit margin 0% 3% 1% 1%
Other ratios
Dividends to the Municipality 0.00 27.28 9.10 5.46
Dividends paid / net profit 0.00 0.13 0.11 0.13

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Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Mažeikių šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code166901968
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionMažeikiai district municipality
  • Share belonging to the Municipal99.94%
http://www.mst.lt/
ROE

0.6%

Number of employees

80

Financial data provided as at end-December 2020