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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

2018 2019 2020 2021
Revenue 2,889 2,801 2,490 3,246
Cost of goods sold 2,634 2,538 2,256 3,017
Gross profit (loss) 254 264 233 230
Gross profit margin 9% 9% 9% 7%
Operating expenses 220 228 212 312
Operating profit (loss) 34 35 21 -82
Operating profit margin 1% 1% 1% -3%
EBITDA 599 632 353 417
EBITDA margin 21% 23% 14% 13%
Net profit (loss) 12 12 6 19
Net profit margin 0% 0% 0% 1%

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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 6,302 7,546 7,225 7,718
Intangible assets 2 2 1 1
Tangible assets 6,289 7,540 7,220 7,713
Financial assets 10 4 4 4
Other non-current assets
Current assets 1,043 1,026 952 1,200
Inventories and prepaid expenses 273 259 246 159
Accounts receivable in one year 713 667 631 832
Other current assets
Cash and cash equivalents 57 100 75 209
Total assets 7,366 8,603 8,217 8,924
Equity 2,959 3,001 3,007 3,026
Grants and subsidies 2,235 2,872 2,689 2,941
Liabilities 2,172 2,730 2,521 2,957
Financial liabilities 1,608 2,357 2,257 2,565
Long-term liabilities 1,518 2,221 2,124 2,408
Short-term liabilities 598 454 343 494
Equity and liabilities 7,366 8,603 8,217 8,924

* 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) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 1%
Return on capital employed (ROCE) 1% 2% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.54 0.79 0.75 0.85
Current Ratio 1.74 2.26 2.77 2.43
Quick ratio 1.29 1.69 2.06 2.11
Turnover ratios
Asset turnover 0.39 0.35 0.30 0.38
Fixed asset turnover 0.46 0.40 0.34 0.43
Equity turnover 0.98 0.94 0.83 1.08
Profitability ratios
EBITDA margin 21% 23% 14% 13%
Operating profit margin 1% 1% 1% -3%
Net profit margin 0% 0% 0% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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*** 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 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%
http://www.radsiluma.lt/
ROE

0.6%

Number of employees

44

Financial data provided as at end-December 2021