• English
  • Lithuanian
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

2019 2020 2021 2022
Revenue 3,462 2,784 3,263 4,605
Cost of goods sold 3,107 2,368 3,736 4,065
Gross profit (loss) 354 416 -473 539
Gross profit margin 10% 15% -14% 12%
Operating expenses 300 312 306 361
Operating profit (loss) -33 25 -858 91
Operating profit margin -1% 1% -26% 2%
EBITDA 444 417 -483 432
EBITDA margin 13% 15% -15% 9%
Net profit (loss) 89 123 -754 133
Net profit margin 3% 4% -23% 3%

Balance sheet

2019 2020 2021 2022
Non-current assets 3,667 3,798 4,398 5,009
Intangible assets 5 4 1 1
Tangible assets 3,663 3,794 4,396 5,008
Financial assets
Other non-current assets
Current assets 680 539 954 1,232
Inventories and prepaid expenses 72 76 105 243
Accounts receivable in one year 551 444 768 909
Other current assets
Cash and cash equivalents 58 20 82 80
Total assets 4,350 4,339 5,367 6,245
Equity 1,975 2,098 1,341 1,474
Grants and subsidies 593 737 700 645
Liabilities 1,777 1,457 3,244 4,122
Financial liabilities 1,243 1,086 2,494 3,164
Long-term liabilities 1,174 949 2,309 2,927
Short-term liabilities 603 509 935 1,195
Equity and liabilities 4,350 4,339 5,367 6,244

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 2% 3% -16% 2%
Return on equity (ROE) 5% 6% -44% 9%
Return on capital employed (ROCE) -1% 1% -24% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.29 0.25 0.46 0.51
Current Ratio 1.13 1.06 1.02 1.03
Quick ratio 1.01 0.91 0.91 0.83
Turnover ratios
Asset turnover 0.80 0.64 0.61 0.74
Fixed asset turnover 0.94 0.73 0.74 0.92
Equity turnover 1.75 1.33 2.43 3.12
Profitability ratios
EBITDA margin 13% 15% -15% 9%
Operating profit margin -1% 1% -26% 2%
Net profit margin 3% 4% -23% 3%
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%
https://plungessiluma.lt/
ROE

9.4%

Number of employees

57

Financial data provided as at end-December 2022

Management

  • Margarita CharitonovaChief Executive Officer

Information as of: 4/30/2023