Neringos energija
UAB Neringos energija was established in 1998. Company is a main heating provider in city of Neringa. Main activity of the company – production and supply of heating and hot water.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 577 | 723 | 743 | 919 |
| Cost of goods sold | 507 | 343 | 508 | 523 |
| Gross profit (loss) | 70 | 381 | 236 | 395 |
| Gross profit margin | 12% | 53% | 32% | 43% |
| Operating expenses | 9 | 83 | 101 | 114 |
| Operating profit (loss) | -27 | 48 | -124 | -2 |
| Operating profit margin | -5% | 7% | -17% | -0% |
| EBITDA | 22 | 90 | -82 | 33 |
| EBITDA margin | 4% | 12% | -11% | 4% |
| Net profit (loss) | -16 | 65 | -114 | 3 |
| Net profit margin | -3% | 9% | -15% | 0% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 765 | 690 | 653 | 1,112 |
| Intangible assets | 0 | 0 | 0 | 0 |
| Tangible assets | 764 | 689 | 652 | 1,110 |
| Financial assets | 1 | 1 | 1 | 1 |
| Other non-current assets | ||||
| Current assets | 255 | 342 | 320 | 426 |
| Inventories and prepaid expenses | 46 | 53 | 86 | 85 |
| Accounts receivable in one year | 107 | 134 | 182 | 165 |
| Other current assets | ||||
| Cash and cash equivalents | 102 | 155 | 52 | 176 |
| Total assets | 1,025 | 1,036 | 976 | 1,542 |
| Equity | 552 | 617 | 503 | 620 |
| Grants and subsidies | 399 | 336 | 330 | 845 |
| Liabilities | 75 | 83 | 144 | 77 |
| Financial liabilities | 0 | 0 | 0 | 0 |
| Long-term liabilities | ||||
| Short-term liabilities | 75 | 83 | 144 | 77 |
| Equity and liabilities | 1,025 | 1,036 | 976 | 1,542 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -2% | 6% | -11% | 0% |
| Return on equity (ROE) | -3% | 11% | -20% | 1% |
| Return on capital employed (ROCE) | -5% | 8% | -25% | -0% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 3.42 | 4.12 | 2.22 | 5.50 |
| Quick ratio | 2.80 | 3.48 | 1.62 | 4.41 |
| Turnover ratios | ||||
| Asset turnover | 0.56 | 0.70 | 0.76 | 0.60 |
| Fixed asset turnover | 0.75 | 1.05 | 1.14 | 0.83 |
| Equity turnover | 1.05 | 1.17 | 1.48 | 1.48 |
| Profitability ratios | ||||
| EBITDA margin | 4% | 12% | -11% | 4% |
| Operating profit margin | -5% | 7% | -17% | -0% |
| Net profit margin | -3% | 9% | -15% | 0% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 | 0.00 |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB „Neringos energija“
- Legal formPrivate limited liability company (UAB)
- Company code152768582
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionNeringa municipality
- Share belonging to the Municipal99.99%
ROE
0.6%
Number of employees
17
Financial data provided as at end-December 2023
Management
- Edvinas DargisChief Executive Officer
Information as of: 2024/04/30
