Mažeikių šilumos tinklai
UAB „Mažeikių šilumos tinklai“ consists of the Mažeikiai boiler house, which has been operating since 1974, the Reivyčiai boiler house, which has been operating since 1974. In November 2008, Viekšniai boiler house was also connected and in 2008 the reserve hospital boiler house was built. Boiler networks are not interconnected and operate autonomously. The main nature of the company’s activities is the supply of steam and hot water.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 5,958 | 4,702 | 5,750 | 8,593 |
| Cost of goods sold | 5,392 | 4,345 | 5,327 | 8,172 |
| Gross profit (loss) | 567 | 357 | 422 | 421 |
| Gross profit margin | 10% | 8% | 7% | 5% |
| Operating expenses | 709 | 620 | 637 | 735 |
| Operating profit (loss) | -142 | -263 | -215 | -314 |
| Operating profit margin | -2% | -6% | -4% | -4% |
| EBITDA | 982 | 879 | 523 | 849 |
| EBITDA margin | 16% | 19% | 9% | 10% |
| Net profit (loss) | 80 | 43 | -180 | 223 |
| Net profit margin | 1% | 1% | -3% | 3% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 9,102 | 8,879 | 10,399 | 9,800 |
| Intangible assets | 0 | 0 | 0 | 14 |
| Tangible assets | 9,094 | 8,870 | 10,390 | 9,786 |
| Financial assets | ||||
| Other non-current assets | 8 | 9 | 9 | |
| Current assets | 3,641 | 3,679 | 3,004 | 3,993 |
| Inventories and prepaid expenses | 712 | 460 | 415 | 1,262 |
| Accounts receivable in one year | 1,117 | 905 | 1,439 | 2,115 |
| Other current assets | ||||
| Cash and cash equivalents | 1,812 | 2,314 | 1,149 | 616 |
| Total assets | 12,751 | 12,565 | 13,410 | 13,800 |
| Equity | 7,205 | 7,240 | 7,054 | 7,277 |
| Grants and subsidies | 2,546 | 2,434 | 3,372 | 3,148 |
| Liabilities | 2,954 | 2,846 | 2,940 | 3,319 |
| Financial liabilities | 2,493 | 2,418 | 2,353 | 1,875 |
| Long-term liabilities | 2,097 | 2,021 | 1,793 | 1,478 |
| Short-term liabilities | 858 | 825 | 1,147 | 1,842 |
| Equity and liabilities | 12,751 | 12,565 | 13,410 | 13,800 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 0% | -1% | 2% |
| Return on equity (ROE) | 1% | 1% | -3% | 3% |
| Return on capital employed (ROCE) | -2% | -3% | -2% | -4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.20 | 0.19 | 0.18 | 0.14 |
| Current Ratio | 4.25 | 4.46 | 2.62 | 2.17 |
| Quick ratio | 3.42 | 3.90 | 2.26 | 1.48 |
| Turnover ratios | ||||
| Asset turnover | 0.47 | 0.37 | 0.43 | 0.62 |
| Fixed asset turnover | 0.65 | 0.53 | 0.55 | 0.88 |
| Equity turnover | 0.83 | 0.65 | 0.82 | 1.18 |
| Profitability ratios | ||||
| EBITDA margin | 16% | 19% | 9% | 10% |
| Operating profit margin | -2% | -6% | -4% | -4% |
| Net profit margin | 1% | 1% | -3% | 3% |
| Other ratios | ||||
| Dividends to the Municipality | 9.10 | 5.50 | 0.00 | 25.47 |
| Dividends paid / net profit | 0.11 | 0.13 | 0.00 | 0.11 |
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 Municipal99.9%
Return to the Municipality
25 EUR thousand
ROE
3.1%
Number of employees
73
Financial data provided as at end-December 2022
Management
- Arūnas ČekanauskasChief Executive Officer
Information as of: 4/30/2023
