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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 37,236 37,023 34,581 29,483
Cost of goods sold 33,373 32,420 30,593 25,349
Gross profit (loss) 3,863 4,604 3,988 4,134
Gross profit margin 10% 12% 12% 14%
Operating expenses 2,341 2,731 3,795 3,449
Operating profit (loss) 1,522 1,873 193 685
Operating profit margin 4% 5% 1% 2%
EBITDA 6,349 9,506 4,929 5,969
EBITDA margin 17% 26% 14% 20%
Net profit (loss) 1,876 5,169 740 1,763
Net profit margin 5% 14% 2% 6%

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* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2017 2018 2019 2020
Non-current assets 72,784 78,981 85,979 86,889
Intangible assets 100 124 178 160
Tangible assets 72,008 78,141 85,054 85,983
Financial assets 117 124 120 119
Other non-current assets 560 593 627 629
Current assets 9,664 10,464 12,176 8,377
Inventories and prepaid expenses 2,442 2,533 2,089 2,020
Accounts receivable in one year 5,853 6,588 9,731 6,227
Other current assets 0 0 0 0
Cash and cash equivalents 1,370 1,343 356 131
Total assets 82,532 89,491 98,252 95,331
Equity 50,349 54,959 54,954 56,484
Grants and subsidies 19,757 23,184 31,811 30,191
Liabilities 12,426 11,348 11,487 8,656
Financial liabilities 6,271 3,432 4,643 2,635
Long-term liabilities 3,483 1,718 4 4
Short-term liabilities 7,967 8,526 10,218 7,399
Equity and liabilities 82,532 89,491 98,252 95,331

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* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

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% 13% 1% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.06 0.08 0.05
Current Ratio 0.00 1.23 1.19 1.13
Quick ratio 0.00 0.93 0.99 0.86
Turnover ratios
Asset turnover 0.00 0.43 0.37 0.30
Fixed asset turnover 0.00 0.49 0.42 0.34
Equity turnover 0.00 0.70 0.63 0.53
Profitability ratios
EBITDA margin 0% 26% 14% 20%
Operating profit margin 0% 5% 1% 2%
Net profit margin 0% 14% 2% 6%
Other ratios
Dividends to the Municipality 0.00 732.08 228.81 512.51
Dividends paid / net profit 0.00 0.14 0.31 0.29

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand


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Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameAB „Panevėžio energija“
  • Legal formPublic limited liability company (AB)
  • Company code147248313
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionPanevėžys city municipality
    ↑ Controlling (holding the largest share) institution

    Kėdainiai district municipality
    Kupiškis district municipality
    Panevėžys district municipality
    Pasvalys district municipality
    Rokiškis district municipality
    Zarasai district municipality
  • Share belonging to the Municipal98.2%
https://www.pe.lt/
ROE

3.2%

Number of employees

431

Financial data provided as at end-December 2020