Palangos šilumos tinklai
UAB Palangos šilumos tinklai was established in 1998. In the end of 2000, company was leased to international company Dalkia and became a branch of UAB Litesko. In 2016 municipality of Palanga and Palangos šilumos tinklai took over property of the company again. The main activities of the company – supply of hot water and heating, maintenance of internal heating and hot water systems and various real estate services.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,982 | 3,752 | 6,043 | 5,916 |
| Cost of goods sold | 2,812 | 3,584 | 5,727 | 5,084 |
| Gross profit (loss) | 170 | 168 | 316 | 832 |
| Gross profit margin | 6% | 4% | 5% | 14% |
| Operating expenses | 405 | 387 | 473 | 515 |
| Operating profit (loss) | -351 | -329 | -282 | 173 |
| Operating profit margin | -12% | -9% | -5% | 3% |
| EBITDA | 714 | 558 | 564 | 817 |
| EBITDA margin | 24% | 15% | 9% | 14% |
| Net profit (loss) | 19 | 22 | -88 | 116 |
| Net profit margin | 1% | 1% | -1% | 2% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 5,557 | 5,054 | 5,275 | 5,119 |
| Intangible assets | 54 | 38 | 57 | 74 |
| Tangible assets | 5,383 | 4,901 | 5,094 | 4,935 |
| Financial assets | ||||
| Other non-current assets | 119 | 114 | 124 | 110 |
| Current assets | 800 | 1,322 | 2,391 | 1,576 |
| Inventories and prepaid expenses | 141 | 123 | 244 | 244 |
| Accounts receivable in one year | 526 | 803 | 1,704 | 944 |
| Other current assets | ||||
| Cash and cash equivalents | 134 | 396 | 444 | 388 |
| Total assets | 6,366 | 6,385 | 7,691 | 6,712 |
| Equity | 2,769 | 2,791 | 2,703 | 2,819 |
| Grants and subsidies | 1,446 | 1,251 | 1,133 | 1,053 |
| Liabilities | 2,129 | 2,305 | 3,829 | 2,804 |
| Financial liabilities | 1,566 | 1,479 | 1,863 | 2,063 |
| Long-term liabilities | 1,202 | 1,320 | 1,332 | 1,727 |
| Short-term liabilities | 926 | 985 | 2,496 | 1,077 |
| Equity and liabilities | 6,366 | 6,385 | 7,691 | 6,712 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | -1% | 2% |
| Return on equity (ROE) | 1% | 1% | -3% | 4% |
| Return on capital employed (ROCE) | -9% | -8% | -7% | 4% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.25 | 0.23 | 0.24 | 0.31 |
| Current Ratio | 0.86 | 1.34 | 0.96 | 1.46 |
| Quick ratio | 0.71 | 1.22 | 0.86 | 1.24 |
| Turnover ratios | ||||
| Asset turnover | 0.47 | 0.59 | 0.79 | 0.88 |
| Fixed asset turnover | 0.54 | 0.74 | 1.15 | 1.16 |
| Equity turnover | 1.08 | 1.34 | 2.24 | 2.10 |
| Profitability ratios | ||||
| EBITDA margin | 24% | 15% | 9% | 14% |
| Operating profit margin | -12% | -9% | -5% | 3% |
| Net profit margin | 1% | 1% | -1% | 2% |
| 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 |
Expectations of the municipal
About the company
- Official nameUAB „Palangos šilumos tinklai“
- Legal formPrivate limited liability company (UAB)
- Company code152697886
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionPalanga city municipality
- Share belonging to the Municipal99.98%
ROE
4.2%
Number of employees
50
Financial data provided as at end-December 2023
Management
- Giedrė JuršėnėChief Executive Officer
Information as of: 2024/04/30
