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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2019 2020 2021 2022
Revenue 636 577 723 743
Cost of goods sold 543 507 343 508
Gross profit (loss) 93 70 381 236
Gross profit margin 15% 12% 53% 32%
Operating expenses 22 9 83 101
Operating profit (loss) -26 -27 48 -124
Operating profit margin -4% -5% 7% -17%
EBITDA 12 22 90 -82
EBITDA margin 2% 4% 12% -11%
Net profit (loss) -32 -16 65 -114
Net profit margin -5% -3% 9% -15%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 714 765 690 642
Intangible assets 0 0 0 0
Tangible assets 713 764 689 640
Financial assets 1 1 1 1
Other non-current assets
Current assets 288 255 342 331
Inventories and prepaid expenses 65 46 53 97
Accounts receivable in one year 62 107 134 182
Other current assets
Cash and cash equivalents 160 102 155 52
Total assets 1,003 1,025 1,036 976
Equity 568 552 617 503
Grants and subsidies 370 399 336 330
Liabilities 66 75 83 144
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 66 75 83 144
Equity and liabilities 1,003 1,025 1,036 976

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -3% -2% 6% -11%
Return on equity (ROE) -5% -3% 11% -20%
Return on capital employed (ROCE) -4% -5% 8% -25%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 4.37 3.42 4.12 2.30
Quick ratio 3.38 2.80 3.48 1.62
Turnover ratios
Asset turnover 0.63 0.56 0.70 0.76
Fixed asset turnover 0.89 0.75 1.05 1.16
Equity turnover 1.12 1.05 1.17 1.48
Profitability ratios
EBITDA margin 2% 4% 12% -11%
Operating profit margin -4% -5% 7% -17%
Net profit margin -5% -3% 9% -15%
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

* Left axis

** Right axis

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://neringosenergija.lt/
ROE

-20.3%

Number of employees

18

Financial data provided as at end-December 2022

Management

  • Edvinas DargisChief Executive Officer

Information as of: 4/30/2023