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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

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%

* Left axis

** Right axis

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

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

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

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

* Left axis

** Right axis

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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

-16.8%

Number of employees

30

Financial data provided as at end-December 2022

Management

  • Paulius MinajevasChief Executive Officer

Information as of: 4/30/2023