Molėtų šiluma
UAB Molėtų šiluma was established on May 31, 2000 after reorganization of SP AB Vilniaus šilumos tinklai. In 2003 company was transformed from special purpose limited company to private limited company. Main activity of the company – supply of hot water and heating.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 990 | 1,281 | 1,672 | 1,913 |
| Cost of goods sold | 908 | 1,107 | 1,531 | 1,607 |
| Gross profit (loss) | 82 | 174 | 141 | 305 |
| Gross profit margin | 8% | 14% | 8% | 16% |
| Operating expenses | 182 | 180 | 216 | 225 |
| Operating profit (loss) | -100 | -5 | -75 | 80 |
| Operating profit margin | -10% | -0% | -4% | 4% |
| EBITDA | 65 | 286 | 99 | 271 |
| EBITDA margin | 7% | 22% | 6% | 14% |
| Net profit (loss) | -99 | 128 | -72 | 92 |
| Net profit margin | -10% | 10% | -4% | 5% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 3,634 | 3,620 | 3,774 | 3,901 |
| Intangible assets | 5 | 3 | 1 | 0 |
| Tangible assets | 3,626 | 3,615 | 3,770 | 3,899 |
| Financial assets | 3 | 3 | 3 | 3 |
| Other non-current assets | ||||
| Current assets | 1,407 | 1,510 | 1,242 | 1,218 |
| Inventories and prepaid expenses | 148 | 144 | 291 | 150 |
| Accounts receivable in one year | 197 | 252 | 504 | 309 |
| Other current assets | 400 | |||
| Cash and cash equivalents | 1,062 | 1,114 | 447 | 359 |
| Total assets | 5,043 | 5,133 | 5,021 | 5,121 |
| Equity | 3,895 | 4,022 | 3,921 | 4,013 |
| Grants and subsidies | 1,067 | 1,016 | 962 | 990 |
| Liabilities | 80 | 95 | 139 | 118 |
| Financial liabilities | 0 | 0 | 0 | 0 |
| Long-term liabilities | ||||
| Short-term liabilities | 80 | 95 | 139 | 118 |
| Equity and liabilities | 5,043 | 5,133 | 5,021 | 5,121 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -2% | 3% | -1% | 2% |
| Return on equity (ROE) | -2% | 3% | -2% | 2% |
| Return on capital employed (ROCE) | -3% | -0% | -2% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 17.52 | 15.86 | 8.96 | 10.34 |
| Quick ratio | 15.67 | 14.35 | 6.86 | 9.06 |
| Turnover ratios | ||||
| Asset turnover | 0.20 | 0.25 | 0.33 | 0.37 |
| Fixed asset turnover | 0.27 | 0.35 | 0.44 | 0.49 |
| Equity turnover | 0.25 | 0.32 | 0.43 | 0.48 |
| Profitability ratios | ||||
| EBITDA margin | 7% | 22% | 6% | 14% |
| Operating profit margin | -10% | -0% | -4% | 4% |
| Net profit margin | -10% | 10% | -4% | 5% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 30.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.23 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameUAB „Molėtų šiluma“
- Legal formPrivate limited liability company (UAB)
- Company code167610175
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionMolėtai district municipality
- Share belonging to the Municipal100%
ROE
2.3%
Number of employees
27
Financial data provided as at end-December 2023
Management
- Rimantas GrainysChief Executive Officer
Information as of: 2024/04/30
