Prienų šilumos tinklai
AB Prienų šilumos tinklai was registered on August 29, 1997. Main activities of the company – supply of heating, operation of heating and hot water systems.
Financial results
P/L Statment
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 1,653 | 1,392 | 1,798 | 2,642 |
| Cost of goods sold | 1,467 | 1,338 | 1,746 | 2,578 |
| Gross profit (loss) | 186 | 53 | 52 | 64 |
| Gross profit margin | 11% | 4% | 3% | 2% |
| Operating expenses | 173 | 214 | 220 | 226 |
| Operating profit (loss) | 13 | -160 | -168 | -162 |
| Operating profit margin | 1% | -12% | -9% | -6% |
| EBITDA | 201 | 119 | -37 | 42 |
| EBITDA margin | 12% | 9% | -2% | 2% |
| Net profit (loss) | 22 | -63 | -172 | -165 |
| Net profit margin | 1% | -4% | -10% | -6% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 2,712 | 2,453 | 2,370 | 2,246 |
| Intangible assets | 1 | |||
| Tangible assets | 2,712 | 2,453 | 2,370 | 2,245 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 838 | 437 | 554 | 770 |
| Inventories and prepaid expenses | 72 | 61 | 99 | 145 |
| Accounts receivable in one year | 482 | 307 | 382 | 515 |
| Other current assets | ||||
| Cash and cash equivalents | 284 | 70 | 73 | 110 |
| Total assets | 3,550 | 2,890 | 2,924 | 3,016 |
| Equity | 1,297 | 1,235 | 1,063 | 898 |
| Grants and subsidies | 836 | 784 | 731 | 682 |
| Liabilities | 1,417 | 872 | 1,130 | 1,436 |
| Financial liabilities | 694 | 584 | 484 | 649 |
| Long-term liabilities | 517 | 456 | 347 | 471 |
| Short-term liabilities | 899 | 416 | 783 | 965 |
| Equity and liabilities | 3,550 | 2,890 | 2,924 | 3,016 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | -2% | -6% | -6% |
| Return on equity (ROE) | 2% | -5% | -15% | -17% |
| Return on capital employed (ROCE) | 1% | -9% | -12% | -12% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.20 | 0.20 | 0.17 | 0.22 |
| Current Ratio | 0.93 | 1.05 | 0.71 | 0.80 |
| Quick ratio | 0.85 | 0.91 | 0.58 | 0.65 |
| Turnover ratios | ||||
| Asset turnover | 0.47 | 0.48 | 0.61 | 0.88 |
| Fixed asset turnover | 0.61 | 0.57 | 0.76 | 1.18 |
| Equity turnover | 1.27 | 1.13 | 1.69 | 2.94 |
| Profitability ratios | ||||
| EBITDA margin | 12% | 9% | -2% | 2% |
| Operating profit margin | 1% | -12% | -9% | -6% |
| Net profit margin | 1% | -4% | -10% | -6% |
| 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 |
Financial statments
Expectations of the municipal
About the company
- Official nameAB „Prienų šilumos tinklai“
- Legal formPublic limited liability company (AB)
- Company code170759250
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionPrienai district municipality
- Share indirectly belonging to the Municipal0%
ROE
-16.8%
Number of employees
30
Financial data provided as at end-December 2022
