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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Petrašiūnų katilinė was registered on March 24, 2016. The company is an independent heat producer producing and supplying heat energy produced from biofuels to the district heating system of Kaunas city. The company participates in heat purchase auctions every month, so the main uncertainty is how much heat the company will produce depending on the results of the auction.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,957 2,398 1,177 746
Cost of goods sold 1,961 1,894 1,163 1,097
Gross profit (loss) -3 504 14 -351
Gross profit margin -0% 21% 1% -47%
Operating expenses 47 64 55 49
Operating profit (loss) -50 440 -40 -400
Operating profit margin -3% 18% -3% -54%
EBITDA -50 832 513 151
EBITDA margin -3% 35% 44% 20%
Net profit (loss) -94 346 -51 -348
Net profit margin -5% 14% -4% -47%

Balance sheet

2018 2019 2020 2021
Non-current assets 3,681 3,087 2,543 2,054
Intangible assets 0 0
Tangible assets 3,619 3,068 2,515 1,965
Financial assets
Other non-current assets 61 19 28 89
Current assets 667 779 429 279
Inventories and prepaid expenses 135 112 117 115
Accounts receivable in one year 456 432 234 5
Other current assets
Cash and cash equivalents 77 235 78 159
Total assets 4,354 3,872 2,976 2,337
Equity 242 588 537 188
Grants and subsidies 970 809 647 486
Liabilities 3,133 2,455 1,779 1,657
Financial liabilities 2,269 1,701 1,134 567
Long-term liabilities 1,701 1,134 567
Short-term liabilities 1,427 1,314 1,205 1,648
Equity and liabilities 4,354 3,871 2,976 2,337

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% 8% -1% -13%
Return on equity (ROE) -32% 83% -9% -96%
Return on capital employed (ROCE) -3% 34% -5% -116%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 9.37 2.89 2.11 3.01
Current Ratio 0.47 0.59 0.36 0.17
Quick ratio 0.37 0.51 0.26 0.10
Turnover ratios
Asset turnover 0.43 0.58 0.34 0.28
Fixed asset turnover 0.49 0.71 0.42 0.32
Equity turnover 6.77 5.78 2.09 2.06
Profitability ratios
EBITDA margin -3% 35% 44% 20%
Operating profit margin -3% 18% -3% -54%
Net profit margin -5% 14% -4% -47%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

About the company

  • Official nameUAB „Petrašiūnų katilinė“
  • Legal formPrivate limited liability company (UAB)
  • Company code304217723
  • SectorHeating networks
  • Line of businessHeat production
  • Representing institution„Kauno energija“
  • Share indirectly belonging to the Municipal100%
ROE

-96.1%

Number of employees

6

Financial data provided as at end-December 2021