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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 3,049 3,289 3,462 2,784
Cost of goods sold 2,836 2,932 3,107 2,368
Gross profit (loss) 213 356 354 416
Gross profit margin 7% 11% 10% 15%
Operating expenses 402 444 387 392
Operating profit (loss) -189 -88 -33 25
Operating profit margin -6% -3% -1% 1%
EBITDA 247 415 444 417
EBITDA margin 8% 13% 13% 15%
Net profit (loss) -143 32 89 123
Net profit margin -5% 1% 3% 4%

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Balance sheet

2017 2018 2019 2020
Non-current assets 4,388 4,020 3,667 3,798
Intangible assets 11 6 5 4
Tangible assets 4,377 4,014 3,663 3,794
Financial assets
Other non-current assets
Current assets 839 804 680 539
Inventories and prepaid expenses 77 80 72 76
Accounts receivable in one year 641 637 551 444
Other current assets
Cash and cash equivalents 121 87 58 20
Total assets 5,229 4,828 4,350 4,339
Equity 1,854 1,886 1,975 2,098
Grants and subsidies 676 626 593 737
Liabilities 2,699 2,316 1,781 1,460
Financial liabilities 2,126 1,722 1,243 1,086
Long-term liabilities 1,422 1,187 1,174 949
Short-term liabilities 1,270 1,123 603 509
Equity and liabilities 5,229 4,828 4,350 4,339

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Financial ratios

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

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

6.0%

Number of employees

56

Financial data provided as at end-December 2019

Management

  • Margarita CharitonovaDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Justinas Šimkus

MEMBERS OF THE BOARD OF DIRECTORS

  • Donata Norvaišienė
  • Lina Arlauskienė

Information as of: 2021/06/01