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
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 1,770 | 1,653 | 1,392 | 1,798 |
| Cost of goods sold | 1,611 | 1,467 | 1,338 | 1,746 |
| Gross profit (loss) | 159 | 186 | 53 | 52 |
| Gross profit margin | 9% | 11% | 4% | 3% |
| Operating expenses | 191 | 173 | 214 | 220 |
| Operating profit (loss) | -32 | 13 | -160 | -168 |
| Operating profit margin | -2% | 1% | -12% | -9% |
| EBITDA | 154 | 201 | 119 | 15 |
| EBITDA margin | 9% | 12% | 9% | 1% |
| Net profit (loss) | -25 | 22 | -63 | -172 |
| Net profit margin | -1% | 1% | -4% | -10% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 2,655 | 2,712 | 2,453 | 2,370 |
| Intangible assets | ||||
| Tangible assets | 2,645 | 2,712 | 2,453 | 2,370 |
| Financial assets | 10 | |||
| Other non-current assets | ||||
| Current assets | 570 | 838 | 437 | 554 |
| Inventories and prepaid expenses | 85 | 72 | 61 | 99 |
| Accounts receivable in one year | 450 | 482 | 307 | 382 |
| Other current assets | ||||
| Cash and cash equivalents | 36 | 284 | 70 | 73 |
| Total assets | 3,224 | 3,550 | 2,890 | 2,925 |
| Equity | 1,305 | 1,297 | 1,235 | 1,063 |
| Grants and subsidies | 889 | 836 | 784 | 731 |
| Liabilities | 1,031 | 1,417 | 872 | 1,130 |
| Financial liabilities | 607 | 694 | 584 | 484 |
| Long-term liabilities | 501 | 517 | 456 | 347 |
| Short-term liabilities | 530 | 899 | 416 | 783 |
| Equity and liabilities | 3,224 | 3,550 | 2,890 | 2,925 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -1% | 1% | -2% | -6% |
| Return on equity (ROE) | -2% | 2% | -5% | -15% |
| Return on capital employed (ROCE) | -1% | 2% | -4% | -15% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.47 | 0.53 | 0.47 | 0.46 |
| Current Ratio | 1.07 | 0.93 | 1.05 | 0.71 |
| Quick ratio | 0.92 | 0.85 | 0.91 | 0.58 |
| Turnover ratios | ||||
| Asset turnover | 0.54 | 0.49 | 0.43 | 0.62 |
| Fixed asset turnover | 0.65 | 0.62 | 0.54 | 0.75 |
| Equity turnover | 1.32 | 1.27 | 1.10 | 1.56 |
| Profitability ratios | ||||
| EBITDA margin | 9% | 12% | 9% | 1% |
| Operating profit margin | -2% | 1% | -12% | -9% |
| Net profit margin | -1% | 1% | -4% | -10% |
| Other ratios | ||||
| Dividends to the Municipality | ||||
| Dividends paid / net profit |
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 belonging to the Municipal96.76%
ROE
-14.9%
Number of employees
32
Financial data provided as at end-December 2021
