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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB 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

2020 2021 2022 2023
Revenue 1,392 1,798 2,642 2,480
Cost of goods sold 1,338 1,746 2,578 2,158
Gross profit (loss) 53 52 64 322
Gross profit margin 4% 3% 2% 13%
Operating expenses 214 220 226 209
Operating profit (loss) -160 -168 -162 113
Operating profit margin -12% -9% -6% 5%
EBITDA 119 -37 91 298
EBITDA margin 9% -2% 3% 12%
Net profit (loss) -63 -172 -165 84
Net profit margin -4% -10% -6% 3%

Balance sheet

2020 2021 2022 2023
Non-current assets 2,453 2,370 2,246 2,309
Intangible assets 1 1
Tangible assets 2,453 2,370 2,245 2,308
Financial assets
Other non-current assets
Current assets 437 554 770 514
Inventories and prepaid expenses 61 99 145 53
Accounts receivable in one year 307 382 515 277
Other current assets
Cash and cash equivalents 70 73 110 184
Total assets 2,890 2,924 3,016 2,824
Equity 1,235 1,063 898 1,042
Grants and subsidies 784 731 682 629
Liabilities 872 1,130 1,436 1,153
Financial liabilities 584 484 649 578
Long-term liabilities 456 347 471 362
Short-term liabilities 416 783 965 791
Equity and liabilities 2,890 2,924 3,016 2,824

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) -2% -6% -6% 3%
Return on equity (ROE) -5% -15% -17% 9%
Return on capital employed (ROCE) -9% -12% -12% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.20 0.17 0.22 0.20
Current Ratio 1.05 0.71 0.80 0.65
Quick ratio 0.91 0.58 0.65 0.58
Turnover ratios
Asset turnover 0.48 0.61 0.88 0.88
Fixed asset turnover 0.57 0.76 1.18 1.07
Equity turnover 1.13 1.69 2.94 2.38
Profitability ratios
EBITDA margin 9% -2% 3% 12%
Operating profit margin -12% -9% -6% 5%
Net profit margin -4% -10% -6% 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 „Prienų šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code170759250
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionPrienai district municipality
  • Share indirectly belonging to the Municipal0%
https://prienusiluma.lt/
ROE

8.6%

Number of employees

27

Financial data provided as at end-December 2023

Management

  • Paulius MinajevasChief Executive Officer

Information as of: 2024/04/30