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
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Revenue | 3,620 | 3,553 | 2,982 | 3,752 |
Cost of goods sold | 3,422 | 3,045 | 2,812 | 3,584 |
Gross profit (loss) | 198 | 508 | 170 | 168 |
Gross profit margin | 5% | 14% | 6% | 4% |
Operating expenses | 556 | 497 | 521 | 497 |
Operating profit (loss) | -358 | 11 | -351 | -329 |
Operating profit margin | -10% | 0% | -12% | -9% |
EBITDA | 80 | 536 | 714 | 730 |
EBITDA margin | 2% | 15% | 24% | 19% |
Net profit (loss) | -148 | 11 | 19 | 22 |
Net profit margin | -4% | 0% | 1% | 1% |
Balance sheet
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Non-current assets | 4,538 | 5,961 | 5,557 | 5,054 |
Intangible assets | 48 | 65 | 54 | 38 |
Tangible assets | 4,364 | 5,778 | 5,383 | 4,901 |
Financial assets | ||||
Other non-current assets | 126 | 118 | 119 | 114 |
Current assets | 847 | 671 | 800 | 1,322 |
Inventories and prepaid expenses | 127 | 100 | 141 | 123 |
Accounts receivable in one year | 650 | 496 | 526 | 803 |
Other current assets | ||||
Cash and cash equivalents | 70 | 75 | 134 | 396 |
Total assets | 5,396 | 6,642 | 6,366 | 6,385 |
Equity | 2,739 | 2,751 | 2,769 | 2,791 |
Grants and subsidies | 945 | 1,633 | 1,446 | 1,251 |
Liabilities | 1,648 | 2,235 | 2,129 | 2,305 |
Financial liabilities | 809 | 1,578 | 1,566 | 1,479 |
Long-term liabilities | 528 | 1,298 | 1,202 | 1,320 |
Short-term liabilities | 1,120 | 938 | 926 | 985 |
Equity and liabilities | 5,396 | 6,642 | 6,366 | 6,385 |
Financial ratios
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | -3% | 0% | 0% | 0% |
Return on equity (ROE) | -5% | 0% | 1% | 1% |
Return on capital employed (ROCE) | -15% | 2% | 2% | 2% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.30 | 0.57 | 0.57 | 0.53 |
Current Ratio | 0.76 | 0.72 | 0.86 | 1.34 |
Quick ratio | 0.64 | 0.61 | 0.71 | 1.22 |
Turnover ratios | ||||
Asset turnover | 0.65 | 0.59 | 0.46 | 0.59 |
Fixed asset turnover | 0.77 | 0.68 | 0.52 | 0.71 |
Equity turnover | 1.29 | 1.29 | 1.08 | 1.35 |
Profitability ratios | ||||
EBITDA margin | 2% | 15% | 24% | 19% |
Operating profit margin | -10% | 0% | -12% | -9% |
Net profit margin | -4% | 0% | 1% | 1% |
Other ratios | ||||
Dividends to the Municipality | ||||
Dividends paid / net profit |
Financial statments
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
0.8%
Number of employees
46
Financial data provided as at end-December 2021