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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Pakruojo šiluma was established on May 31, 1999, after reorganization of SP AB Šiaulių energija. On December 8, 1999 the company was transformed from special purpose limited company to private limited company. Main activity of the company – supply of hot water and heating and provision of other utilities.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 878 872 1,131 1,506
Cost of goods sold 775 779 1,001 1,432
Gross profit (loss) 103 93 131 74
Gross profit margin 12% 11% 12% 5%
Operating expenses 105 123 127 156
Operating profit (loss) -2 -30 4 -82
Operating profit margin -0% -3% 0% -5%
EBITDA 155 131 180 135
EBITDA margin 18% 15% 16% 9%
Net profit (loss) -9 -22 1 -63
Net profit margin -1% -3% 0% -4%

* 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 2,649 2,521 2,495 2,578
Intangible assets 0 3 2 28
Tangible assets 2,648 2,518 2,493 2,551
Financial assets
Other non-current assets
Current assets 318 344 328 360
Inventories and prepaid expenses 47 42 68 69
Accounts receivable in one year 260 281 257 275
Other current assets
Cash and cash equivalents 12 22 3 17
Total assets 2,967 2,864 2,823 2,939
Equity 745 723 724 661
Grants and subsidies 760 688 712 689
Liabilities 1,462 1,453 1,387 1,588
Financial liabilities 1,377 1,338 1,212 1,160
Long-term liabilities 472 1,256 1,132 1,069
Short-term liabilities 990 197 256 519
Equity and liabilities 2,967 2,864 2,823 2,939

* 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) -0% -1% 0% -2%
Return on equity (ROE) -1% -3% 0% -9%
Return on capital employed (ROCE) -0% -2% 0% -5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.46 0.47 0.43 0.39
Current Ratio 0.32 1.74 1.28 0.69
Quick ratio 0.27 1.53 1.02 0.56
Turnover ratios
Asset turnover 0.30 0.30 0.40 0.51
Fixed asset turnover 0.33 0.35 0.45 0.58
Equity turnover 1.18 1.21 1.56 2.28
Profitability ratios
EBITDA margin 18% 15% 16% 9%
Operating profit margin -0% -3% 0% -5%
Net profit margin -1% -3% 0% -4%
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 „Pakruojo šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code167909640
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionPakruojis district municipality
  • Share belonging to the Municipal100%
https://paksiluma.lt/
ROE

-9.1%

Number of employees

26

Financial data provided as at end-December 2022

Management

  • Remigijus GiedraitisChief Executive Officer

Information as of: 4/30/2023