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
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Revenue | 34,581 | 29,483 | 36,982 | 54,657 |
Cost of goods sold | 30,593 | 25,349 | 33,891 | 51,190 |
Gross profit (loss) | 3,988 | 4,134 | 3,091 | 3,468 |
Gross profit margin | 12% | 14% | 8% | 6% |
Operating expenses | 3,795 | 3,449 | 3,343 | 4,223 |
Operating profit (loss) | 193 | 685 | -252 | -755 |
Operating profit margin | 1% | 2% | -1% | -1% |
EBITDA | 4,929 | 5,961 | 5,077 | 6,827 |
EBITDA margin | 14% | 20% | 14% | 12% |
Net profit (loss) | 740 | 1,763 | 383 | 2,178 |
Net profit margin | 2% | 6% | 1% | 4% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 85,979 | 86,889 | 84,530 | 80,730 |
Intangible assets | 178 | 160 | 144 | 129 |
Tangible assets | 85,054 | 85,983 | 83,582 | 79,689 |
Financial assets | 120 | 119 | 174 | 194 |
Other non-current assets | 627 | 628 | 629 | 719 |
Current assets | 12,176 | 8,377 | 9,723 | 16,269 |
Inventories and prepaid expenses | 2,089 | 2,020 | 1,558 | 3,693 |
Accounts receivable in one year | 9,731 | 6,227 | 7,378 | 11,968 |
Other current assets | ||||
Cash and cash equivalents | 356 | 131 | 787 | 607 |
Total assets | 98,252 | 95,331 | 94,297 | 97,048 |
Equity | 54,954 | 56,484 | 56,345 | 58,402 |
Grants and subsidies | 31,811 | 30,191 | 28,373 | 27,274 |
Liabilities | 10,222 | 7,403 | 8,375 | 9,706 |
Financial liabilities | 4,643 | 2,635 | 0 | 1,037 |
Long-term liabilities | 4 | 4 | 2 | 1 |
Short-term liabilities | 10,218 | 7,399 | 8,372 | 9,705 |
Equity and liabilities | 98,252 | 95,331 | 94,297 | 97,048 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 1% | 2% | 0% | 2% |
Return on equity (ROE) | 1% | 3% | 1% | 4% |
Return on capital employed (ROCE) | 0% | 1% | -0% | -1% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.05 | 0.03 | 0.00 | 0.01 |
Current Ratio | 1.19 | 1.13 | 1.16 | 1.68 |
Quick ratio | 0.99 | 0.86 | 0.98 | 1.30 |
Turnover ratios | ||||
Asset turnover | 0.35 | 0.31 | 0.39 | 0.56 |
Fixed asset turnover | 0.40 | 0.34 | 0.44 | 0.68 |
Equity turnover | 0.63 | 0.52 | 0.66 | 0.94 |
Profitability ratios | ||||
EBITDA margin | 14% | 20% | 14% | 12% |
Operating profit margin | 1% | 2% | -1% | -1% |
Net profit margin | 2% | 6% | 1% | 4% |
Other ratios | ||||
Dividends to the Municipality | 228.81 | 512.51 | 119.02 | 387.53 |
Dividends paid / net profit | 0.31 | 0.29 | 0.31 | 0.18 |
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 Municipal59.4%
Return to the Municipality
388 EUR thousand
ROE
3.8%
Number of employees
405
Financial data provided as at end-December 2022