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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,746 1,770 1,653 1,392
Cost of goods sold 1,565 1,611 1,467 1,338
Gross profit (loss) 182 159 186 53
Gross profit margin 10% 9% 11% 4%
Operating expenses 164 191 173 214
Operating profit (loss) 18 -32 13 -160
Operating profit margin 1% -2% 1% -12%
EBITDA 190 154 201 119
EBITDA margin 11% 9% 12% 9%
Net profit (loss) 23 -25 22 -63
Net profit margin 1% -1% 1% -4%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 2,757 2,655 2,712 2,453
Intangible assets 0 0 0 0
Tangible assets 2,747 2,645 2,712 2,453
Financial assets 10 10 0 0
Other non-current assets 0 0 0 0
Current assets 534 570 838 437
Inventories and prepaid expenses 52 85 72 61
Accounts receivable in one year 447 450 482 307
Other current assets 0 0 0 0
Cash and cash equivalents 36 36 284 70
Total assets 3,291 3,224 3,550 2,890
Equity 1,370 1,305 1,297 1,235
Grants and subsidies 876 889 836 784
Liabilities 1,045 1,031 1,417 872
Financial liabilities 769 607 694 584
Long-term liabilities 554 501 517 456
Short-term liabilities 491 530 899 416
Equity and liabilities 3,291 3,224 3,550 2,890

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% -1% 2% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.47 0.53 0.47
Current Ratio 0.00 1.07 0.93 1.05
Quick ratio 0.00 0.92 0.85 0.91
Turnover ratios
Asset turnover 0.00 0.54 0.49 0.43
Fixed asset turnover 0.00 0.65 0.62 0.54
Equity turnover 0.00 1.32 1.27 1.10
Profitability ratios
EBITDA margin 0% 9% 12% 9%
Operating profit margin 0% -2% 1% -12%
Net profit margin 0% -1% 1% -4%
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

* Left axis

** Right axis

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


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Financial statments

Expectations of the municipal

Letter of Expectations

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 belonging to the Municipal96.76%
http://www.prienusiluma.lt/
ROE

-4.9%

Number of employees

35

Financial data provided as at end-December 2020