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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 3,657 3,620 3,553 2,982
Cost of goods sold 3,373 3,422 3,045 2,812
Gross profit (loss) 284 198 508 170
Gross profit margin 8% 5% 14% 6%
Operating expenses 534 556 497 521
Operating profit (loss) -250 -358 11 -351
Operating profit margin -7% -10% 0% -12%
EBITDA 423 80 536 714
EBITDA margin 12% 2% 15% 24%
Net profit (loss) -85 -148 11 19
Net profit margin -2% -4% 0% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 4,904 4,538 5,961 5,557
Intangible assets 15 48 65 54
Tangible assets 4,790 4,364 5,778 5,383
Financial assets 0 0 0 0
Other non-current assets 100 126 118 119
Current assets 775 847 671 800
Inventories and prepaid expenses 55 127 100 141
Accounts receivable in one year 647 650 496 526
Other current assets 0 0 0 0
Cash and cash equivalents 73 70 75 134
Total assets 5,689 5,396 6,642 6,366
Equity 2,887 2,739 2,751 2,769
Grants and subsidies 1,228 945 1,633 1,446
Liabilities 1,543 1,648 2,235 2,129
Financial liabilities 972 809 1,578 1,566
Long-term liabilities 685 528 1,298 1,202
Short-term liabilities 857 1,120 938 926
Equity and liabilities 5,689 5,396 6,642 6,366

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% -15% 2% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.30 0.57 0.57
Current Ratio 0.00 0.76 0.72 0.86
Quick ratio 0.00 0.64 0.61 0.71
Turnover ratios
Asset turnover 0.00 0.65 0.59 0.46
Fixed asset turnover 0.00 0.77 0.68 0.52
Equity turnover 0.00 1.29 1.29 1.08
Profitability ratios
EBITDA margin 0% 2% 15% 24%
Operating profit margin 0% -10% 0% -12%
Net profit margin 0% -4% 0% 1%
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

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Financial statments

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%
https://www.palangosst.lt/
ROE

0.7%

Number of employees

45

Financial data provided as at end-December 2020