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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 1,103 1,077 990 1,281
Cost of goods sold 1,042 974 908 1,106
Gross profit (loss) 61 103 82 174
Gross profit margin 6% 10% 8% 14%
Operating expenses 186 147 182 180
Operating profit (loss) -125 -44 -100 -5
Operating profit margin -11% -4% -10% -0%
EBITDA 243 187 63 283
EBITDA margin 22% 17% 6% 22%
Net profit (loss) 87 16 -101 124
Net profit margin 8% 2% -10% 10%

* Left axis

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 3,880 3,710 3,634 3,620
Intangible assets 7 5 3
Tangible assets 3,877 3,701 3,626 3,615
Financial assets 3 3 3 3
Other non-current assets
Current assets 1,415 1,452 1,407 1,510
Inventories and prepaid expenses 143 173 148 144
Accounts receivable in one year 251 188 197 252
Other current assets 500 400
Cash and cash equivalents 521 691 1,062 1,114
Total assets 5,297 5,165 5,043 5,133
Equity 4,138 4,054 3,895 4,022
Grants and subsidies 1,089 1,037 1,067 1,015
Liabilities 70 73 80 95
Financial liabilities
Long-term liabilities
Short-term liabilities 70 73 80 95
Equity and liabilities 5,297 5,165 5,043 5,133

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 0% -2% 2%
Return on equity (ROE) 2% 0% -3% 3%
Return on capital employed (ROCE) 3% 1% -4% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 20.27 19.81 17.52 15.86
Quick ratio 18.22 17.45 15.67 14.35
Turnover ratios
Asset turnover 0.21 0.21 0.19 0.25
Fixed asset turnover 0.31 0.28 0.27 0.35
Equity turnover 0.27 0.26 0.25 0.32
Profitability ratios
EBITDA margin 22% 17% 6% 22%
Operating profit margin -11% -4% -10% -0%
Net profit margin 8% 2% -10% 10%
Other ratios
Dividends to the Municipality 99.99 60.00 30.00
Dividends paid / net profit 1.15 3.68 0.24

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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 Municipal99.99%
https://moletusiluma.lt/
ROE

3.1%

Number of employees

36

Financial data provided as at end-December 2021