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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

2018 2019 2020 2021
Revenue 655 636 577 723
Cost of goods sold 599 543 507 343
Gross profit (loss) 56 93 70 381
Gross profit margin 9% 15% 12% 53%
Operating expenses 135 118 97 333
Operating profit (loss) -79 -26 -27 48
Operating profit margin -12% -4% -5% 7%
EBITDA -16 12 22 90
EBITDA margin -2% 2% 4% 12%
Net profit (loss) -80 -32 -16 65
Net profit margin -12% -5% -3% 9%

Balance sheet

2018 2019 2020 2021
Non-current assets 786 714 765 690
Intangible assets 0 0 0
Tangible assets 785 713 764 689
Financial assets 1 1 1 1
Other non-current assets
Current assets 293 288 255 342
Inventories and prepaid expenses 54 65 46 53
Accounts receivable in one year 119 62 107 134
Other current assets
Cash and cash equivalents 120 160 102 155
Total assets 1,081 1,003 1,025 1,036
Equity 599 568 552 617
Grants and subsidies 412 370 399 336
Liabilities 69 66 75 83
Financial liabilities
Long-term liabilities
Short-term liabilities 69 66 75 83
Equity and liabilities 1,081 1,003 1,025 1,036

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -7% -3% -2% 6%
Return on equity (ROE) -13% -5% -3% 11%
Return on capital employed (ROCE) -16% -7% -3% 14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 4.23 4.37 3.42 4.12
Quick ratio 3.45 3.38 2.80 3.48
Turnover ratios
Asset turnover 0.58 0.61 0.57 0.70
Fixed asset turnover 0.78 0.85 0.78 0.99
Equity turnover 1.02 1.09 1.03 1.24
Profitability ratios
EBITDA margin -2% 2% 4% 12%
Operating profit margin -12% -4% -5% 7%
Net profit margin -12% -5% -3% 9%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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%
http://neringosenergija.lt/
ROE

11.1%

Number of employees

18

Financial data provided as at end-December 2021