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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,645 2,474 2,278 2,292
Cost of goods sold 2,206 2,328 1,987 1,754
Gross profit (loss) 439 146 291 538
Gross profit margin 17% 6% 13% 23%
Operating expenses 369 248 331 393
Operating profit (loss) 70 -102 -41 146
Operating profit margin 3% -4% -2% 6%
EBITDA 733 318 223 441
EBITDA margin 28% 13% 10% 19%
Net profit (loss) 107 -108 -48 139
Net profit margin 4% -4% -2% 6%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 7,313 7,427 7,223 6,813
Intangible assets 13 7 5 4
Tangible assets 7,300 7,421 0 0
Financial assets 0 0 7,218 6,809
Other non-current assets 0 0 0 0
Current assets 857 855 773 871
Inventories and prepaid expenses 208 268 226 171
Accounts receivable in one year 388 445 404 468
Other current assets 0 0 0 0
Cash and cash equivalents 228 142 143 232
Total assets 8,178 8,288 8,001 7,687
Equity 3,389 3,461 3,414 3,552
Grants and subsidies 2,470 2,627 2,622 2,470
Liabilities 2,319 2,199 1,966 1,665
Financial liabilities 1,927 1,948 1,652 1,379
Long-term liabilities 1,227 1,590 1,271 1,141
Short-term liabilities 1,092 610 694 524
Equity and liabilities 8,178 8,288 8,001 7,687

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% -2% -0% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.56 0.48 0.39
Current Ratio 0.00 1.40 1.11 1.66
Quick ratio 0.00 0.96 0.79 1.34
Turnover ratios
Asset turnover 0.00 0.30 0.28 0.29
Fixed asset turnover 0.00 0.34 0.31 0.33
Equity turnover 0.00 0.72 0.66 0.66
Profitability ratios
EBITDA margin 0% 13% 10% 19%
Operating profit margin 0% -4% -2% 6%
Net profit margin 0% -4% -2% 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


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Financial statments

About the company

  • Official nameUAB „Raseinių šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code172412113
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionRaseiniai district municipality
  • Share belonging to the Municipal100%
http://www.raseiniust.lt/
ROE

4.0%

Number of employees

59

Financial data provided as at end-December 2020