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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB Vilniaus rajono šilumos tinklai was registered as a special purpose company on August 5, 1997 and re-registered as UAB Vilniaus rajono šilumos tinklai on May 28, 2003. On October 16, 2008 it was re-registered as UAB Nemenčinės komunalininkas. The main activities of the company are the supply of steam, cold water, sewage and waste disposal.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 3,447 3,536 3,553 4,614
Cost of goods sold 3,387 3,663 3,527 4,999
Gross profit (loss) 60 -126 26 -385
Gross profit margin 2% -4% 1% -8%
Operating expenses 527 525 551 622
Operating profit (loss) -467 -651 -525 -1,007
Operating profit margin -14% -18% -15% -22%
EBITDA -33 -124 14 -351
EBITDA margin -1% -4% 0% -8%
Net profit (loss) -413 -611 -516 -992
Net profit margin -12% -17% -15% -21%

* Left axis

** Right axis

*** 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 14,850 15,324 15,686 15,819
Intangible assets 5 2 4 6
Tangible assets 14,841 15,318 15,678 15,809
Financial assets 4 4 4 4
Other non-current assets
Current assets 930 857 1,033 1,431
Inventories and prepaid expenses 129 123 154 157
Accounts receivable in one year 501 344 415 759
Other current assets
Cash and cash equivalents 300 389 464 515
Total assets 15,788 16,190 16,725 17,257
Equity 3,012 4,848 4,332 6,985
Grants and subsidies 9,575 9,022 8,442 7,846
Liabilities 3,201 2,320 3,951 2,426
Financial liabilities 25 17 5
Long-term liabilities 331 388 506 510
Short-term liabilities 2,870 1,932 3,445 1,917
Equity and liabilities 15,788 16,190 16,725 17,257

* 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) -3% -4% -3% -6%
Return on equity (ROE) -13% -16% -11% -18%
Return on capital employed (ROCE) -7% -9% -8% -13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.00 0.00
Current Ratio 0.32 0.44 0.30 0.75
Quick ratio 0.28 0.38 0.26 0.66
Turnover ratios
Asset turnover 0.22 0.22 0.22 0.27
Fixed asset turnover 0.24 0.23 0.23 0.29
Equity turnover 1.07 0.90 0.77 0.82
Profitability ratios
EBITDA margin -1% -4% 0% -8%
Operating profit margin -14% -18% -15% -22%
Net profit margin -12% -17% -15% -21%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

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

Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Nemenčinės komunalininkas“
  • Legal formPrivate limited liability company (UAB)
  • Company code186442084
  • SectorOther
  • Line of businessUtilities
  • Representing institutionVilnius district municipality
  • Share belonging to the Municipal100%
https://nemenkom.lt/
ROE

-17.5%

Number of employees

158

Financial data provided as at end-December 2021