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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Radviliškio šiluma was registered on December 23, 1998. Main activities of the company – production and supply of heating and hot water, maintenance of heating and hot water system and maintenance of hot water meters.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 2,801 2,490 3,246 4,021
Cost of goods sold 2,538 2,256 3,017 3,931
Gross profit (loss) 264 233 230 91
Gross profit margin 9% 9% 7% 2%
Operating expenses 228 212 312 272
Operating profit (loss) 35 21 -82 -181
Operating profit margin 1% 1% -3% -4%
EBITDA 632 353 417 408
EBITDA margin 23% 14% 13% 10%
Net profit (loss) 12 6 19 16
Net profit margin 0% 0% 1% 0%

* 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

2019 2020 2021 2022
Non-current assets 7,546 7,225 7,718 7,228
Intangible assets 2 1 1
Tangible assets 7,540 7,220 7,713 7,224
Financial assets 4 4 4 4
Other non-current assets
Current assets 1,026 952 1,200 1,399
Inventories and prepaid expenses 259 246 159 492
Accounts receivable in one year 667 631 832 841
Other current assets
Cash and cash equivalents 100 75 209 66
Total assets 8,603 8,217 8,924 8,633
Equity 3,001 3,007 3,026 3,042
Grants and subsidies 2,872 2,689 2,941 2,723
Liabilities 2,675 2,467 2,903 2,813
Financial liabilities 2,357 2,257 2,565 2,407
Long-term liabilities 2,221 2,124 2,408 2,249
Short-term liabilities 454 343 494 564
Equity and liabilities 8,603 8,217 8,924 8,633

* 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) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 1% 1%
Return on capital employed (ROCE) 1% 0% -2% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.27 0.27 0.29 0.28
Current Ratio 2.26 2.77 2.43 2.48
Quick ratio 1.69 2.06 2.11 1.61
Turnover ratios
Asset turnover 0.33 0.30 0.36 0.47
Fixed asset turnover 0.37 0.34 0.42 0.56
Equity turnover 0.93 0.83 1.07 1.32
Profitability ratios
EBITDA margin 23% 14% 13% 10%
Operating profit margin 1% 1% -3% -4%
Net profit margin 0% 0% 1% 0%
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

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Radviliškio šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code171444859
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionRadviliškis district municipality
  • Share belonging to the Municipal99.1%
https://radsiluma.lt/
ROE

0.5%

Number of employees

46

Financial data provided as at end-December 2022