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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 3,289 3,462 2,784 3,263
Cost of goods sold 2,932 3,107 2,368 3,736
Gross profit (loss) 356 354 416 -473
Gross profit margin 11% 10% 15% -14%
Operating expenses 444 387 392 385
Operating profit (loss) -88 -33 25 -858
Operating profit margin -3% -1% 1% -26%
EBITDA 415 444 417 -483
EBITDA margin 13% 13% 15% -15%
Net profit (loss) 32 89 123 -754
Net profit margin 1% 3% 4% -23%

* Left axis

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

Balance sheet

2018 2019 2020 2021
Non-current assets 4,020 3,667 3,798 4,398
Intangible assets 6 5 4 1
Tangible assets 4,014 3,663 3,794 4,396
Financial assets
Other non-current assets
Current assets 804 680 539 954
Inventories and prepaid expenses 80 72 76 105
Accounts receivable in one year 637 551 444 768
Other current assets
Cash and cash equivalents 87 58 20 82
Total assets 4,828 4,350 4,339 5,367
Equity 1,886 1,975 2,098 1,341
Grants and subsidies 626 593 737 700
Liabilities 2,316 1,781 1,460 3,246
Financial liabilities 1,722 1,243 1,086 2,494
Long-term liabilities 1,187 1,174 949 2,309
Short-term liabilities 1,123 603 509 935
Equity and liabilities 4,828 4,350 4,339 5,367

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 2% 3% -16%
Return on equity (ROE) 2% 5% 6% -44%
Return on capital employed (ROCE) 5% 7% 8% -33%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.91 0.63 0.52 1.86
Current Ratio 0.72 1.13 1.06 1.02
Quick ratio 0.64 1.01 0.91 0.91
Turnover ratios
Asset turnover 0.65 0.75 0.64 0.67
Fixed asset turnover 0.78 0.90 0.75 0.80
Equity turnover 1.76 1.79 1.37 1.90
Profitability ratios
EBITDA margin 13% 13% 15% -15%
Operating profit margin -3% -1% 1% -26%
Net profit margin 1% 3% 4% -23%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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 Municipal99.979%
https://plungessiluma.lt/
ROE

-43.8%

Number of employees

57

Financial data provided as at end-December 2021