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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 3,553 | 2,982 | 3,752 | 6,043 |
| Cost of goods sold | 3,045 | 2,812 | 3,584 | 5,727 |
| Gross profit (loss) | 508 | 170 | 168 | 316 |
| Gross profit margin | 14% | 6% | 4% | 5% |
| Operating expenses | 386 | 405 | 387 | 473 |
| Operating profit (loss) | 11 | -351 | -329 | -282 |
| Operating profit margin | 0% | -12% | -9% | -5% |
| EBITDA | 536 | 714 | 558 | 445 |
| EBITDA margin | 15% | 24% | 15% | 7% |
| Net profit (loss) | 11 | 19 | 22 | -88 |
| Net profit margin | 0% | 1% | 1% | -1% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 5,961 | 5,557 | 5,054 | 5,275 |
| Intangible assets | 65 | 54 | 38 | 57 |
| Tangible assets | 5,778 | 5,383 | 4,901 | 5,094 |
| Financial assets | ||||
| Other non-current assets | 118 | 119 | 114 | 124 |
| Current assets | 671 | 800 | 1,322 | 2,391 |
| Inventories and prepaid expenses | 100 | 141 | 123 | 244 |
| Accounts receivable in one year | 496 | 526 | 803 | 1,704 |
| Other current assets | ||||
| Cash and cash equivalents | 75 | 134 | 396 | 444 |
| Total assets | 6,642 | 6,366 | 6,385 | 7,691 |
| Equity | 2,751 | 2,769 | 2,791 | 2,703 |
| Grants and subsidies | 1,633 | 1,446 | 1,251 | 1,133 |
| Liabilities | 2,235 | 2,129 | 2,305 | 3,829 |
| Financial liabilities | 1,578 | 1,566 | 1,479 | 1,863 |
| Long-term liabilities | 1,298 | 1,202 | 1,320 | 1,332 |
| Short-term liabilities | 938 | 926 | 985 | 2,496 |
| Equity and liabilities | 6,642 | 6,366 | 6,385 | 7,691 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | 0% | 0% | -1% |
| Return on equity (ROE) | 0% | 1% | 1% | -3% |
| Return on capital employed (ROCE) | 0% | -9% | -8% | -7% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.24 | 0.25 | 0.23 | 0.24 |
| Current Ratio | 0.72 | 0.86 | 1.34 | 0.96 |
| Quick ratio | 0.61 | 0.71 | 1.22 | 0.86 |
| Turnover ratios | ||||
| Asset turnover | 0.54 | 0.47 | 0.59 | 0.79 |
| Fixed asset turnover | 0.60 | 0.54 | 0.74 | 1.15 |
| Equity turnover | 1.29 | 1.08 | 1.34 | 2.24 |
| Profitability ratios | ||||
| EBITDA margin | 15% | 24% | 15% | 7% |
| Operating profit margin | 0% | -12% | -9% | -5% |
| Net profit margin | 0% | 1% | 1% | -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 |
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
-3.2%
Number of employees
50
Financial data provided as at end-December 2022
