Plungės šilumos tinklai
UAB Plungės šilumos tinklai was registered on March 15, 1998. Main activity of the company – centralized supply of heating and hot water to consumers and maintenance of internal heating and hot water systems.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,784 | 3,263 | 4,605 | 4,395 |
| Cost of goods sold | 2,368 | 3,736 | 4,065 | 4,142 |
| Gross profit (loss) | 416 | -473 | 539 | 252 |
| Gross profit margin | 15% | -14% | 12% | 6% |
| Operating expenses | 312 | 306 | 361 | 409 |
| Operating profit (loss) | 25 | -858 | 91 | -250 |
| Operating profit margin | 1% | -26% | 2% | -6% |
| EBITDA | 417 | -483 | 432 | 143 |
| EBITDA margin | 15% | -15% | 9% | 3% |
| Net profit (loss) | 123 | -754 | 133 | -303 |
| Net profit margin | 4% | -23% | 3% | -7% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 3,798 | 4,398 | 5,009 | 4,780 |
| Intangible assets | 4 | 1 | 0 | 15 |
| Tangible assets | 3,794 | 4,396 | 5,008 | 4,765 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 539 | 954 | 1,232 | 820 |
| Inventories and prepaid expenses | 76 | 105 | 243 | 115 |
| Accounts receivable in one year | 444 | 768 | 909 | 664 |
| Other current assets | ||||
| Cash and cash equivalents | 20 | 82 | 80 | 41 |
| Total assets | 4,339 | 5,367 | 6,244 | 5,602 |
| Equity | 2,098 | 1,341 | 1,474 | 1,171 |
| Grants and subsidies | 737 | 700 | 645 | 656 |
| Liabilities | 1,457 | 3,244 | 4,122 | 3,772 |
| Financial liabilities | 1,086 | 2,494 | 3,164 | 3,004 |
| Long-term liabilities | 949 | 2,309 | 2,927 | 1,467 |
| Short-term liabilities | 509 | 935 | 1,195 | 2,306 |
| Equity and liabilities | 4,339 | 5,367 | 6,245 | 5,602 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 3% | -16% | 2% | -5% |
| Return on equity (ROE) | 6% | -44% | 9% | -23% |
| Return on capital employed (ROCE) | 1% | -24% | 2% | -9% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.25 | 0.46 | 0.51 | 0.54 |
| Current Ratio | 1.06 | 1.02 | 1.03 | 0.36 |
| Quick ratio | 0.91 | 0.91 | 0.83 | 0.31 |
| Turnover ratios | ||||
| Asset turnover | 0.64 | 0.61 | 0.74 | 0.78 |
| Fixed asset turnover | 0.73 | 0.74 | 0.92 | 0.92 |
| Equity turnover | 1.33 | 2.43 | 3.12 | 3.75 |
| Profitability ratios | ||||
| EBITDA margin | 15% | -15% | 9% | 3% |
| Operating profit margin | 1% | -26% | 2% | -6% |
| Net profit margin | 4% | -23% | 3% | -7% |
| 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 |
Expectations of the municipal
About the company
- Official nameUAB „Plungės šilumos tinklai“
- Legal formPrivate limited liability company (UAB)
- Company code170535455
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionPlungė district municipality
- Share belonging to the Municipal100%
ROE
-22.9%
Number of employees
56
Financial data provided as at end-December 2023
Management
- Dainius BudrysChief Executive Officer
Information as of: 2024/10/08
