Panevėžio energija

AB Panevėžio energija was registered on April 8, 1991. Main activities of the company – production and supply of heating, hot water and electricity, maintenance of internal heating and hot water systems.
Financial results
P/L Statment
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Revenue | 37,023 | 34,581 | 29,483 | 36,982 |
Cost of goods sold | 32,420 | 30,593 | 25,349 | 33,891 |
Gross profit (loss) | 4,604 | 3,988 | 4,134 | 3,091 |
Gross profit margin | 12% | 12% | 14% | 8% |
Operating expenses | 2,731 | 3,795 | 3,449 | 3,343 |
Operating profit (loss) | 1,873 | 193 | 685 | -252 |
Operating profit margin | 5% | 1% | 2% | -1% |
EBITDA | 9,506 | 4,929 | 5,961 | 5,023 |
EBITDA margin | 26% | 14% | 20% | 14% |
Net profit (loss) | 5,169 | 740 | 1,763 | 383 |
Net profit margin | 14% | 2% | 6% | 1% |
Balance sheet
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Non-current assets | 78,981 | 85,979 | 86,889 | 84,530 |
Intangible assets | 124 | 178 | 160 | 144 |
Tangible assets | 78,141 | 85,054 | 85,983 | 83,582 |
Financial assets | 124 | 120 | 119 | 174 |
Other non-current assets | 593 | 627 | 628 | 629 |
Current assets | 10,464 | 12,176 | 8,377 | 9,723 |
Inventories and prepaid expenses | 2,533 | 2,089 | 2,020 | 1,558 |
Accounts receivable in one year | 6,588 | 9,731 | 6,227 | 7,378 |
Other current assets | ||||
Cash and cash equivalents | 1,343 | 356 | 131 | 787 |
Total assets | 89,491 | 98,252 | 95,331 | 94,297 |
Equity | 54,959 | 54,954 | 56,484 | 56,345 |
Grants and subsidies | 23,184 | 31,811 | 30,191 | 28,373 |
Liabilities | 11,348 | 11,487 | 8,656 | 9,578 |
Financial liabilities | 3,432 | 4,643 | 2,635 | |
Long-term liabilities | 1,718 | 4 | 4 | 2 |
Short-term liabilities | 8,526 | 10,218 | 7,399 | 8,372 |
Equity and liabilities | 89,491 | 98,252 | 95,331 | 94,297 |
Financial ratios
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 6% | 1% | 2% | 0% |
Return on equity (ROE) | 10% | 1% | 3% | 1% |
Return on capital employed (ROCE) | 13% | 1% | 3% | 1% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.06 | 0.08 | 0.05 | |
Current Ratio | 1.23 | 1.19 | 1.13 | 1.16 |
Quick ratio | 0.93 | 0.99 | 0.86 | 0.98 |
Turnover ratios | ||||
Asset turnover | 0.43 | 0.37 | 0.30 | 0.39 |
Fixed asset turnover | 0.49 | 0.42 | 0.34 | 0.43 |
Equity turnover | 0.70 | 0.63 | 0.53 | 0.66 |
Profitability ratios | ||||
EBITDA margin | 26% | 14% | 20% | 14% |
Operating profit margin | 5% | 1% | 2% | -1% |
Net profit margin | 14% | 2% | 6% | 1% |
Other ratios | ||||
Dividends to the Municipality | 732.08 | 228.81 | 512.51 | 119.02 |
Dividends paid / net profit | 0.14 | 0.31 | 0.29 | 0.31 |
Financial statments
Expectations of the municipal
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%
ROE
0.7%
Number of employees
419
Financial data provided as at end-December 2021