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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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%

* Left axis

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

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

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

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

* Left axis

** Right axis

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

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

-14.9%

Number of employees

32

Financial data provided as at end-December 2021