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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Raiseinių šilumos tinklai was registered on August 14, 1997. Main activities of the company – heating and hot water services, centralized supply of heat. Other services include testing and maintenance of steam boilers, operation of heat consumption equipment and maintenance of heat meters.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 2,474 2,278 2,292 2,795
Cost of goods sold 2,328 1,987 1,754 2,181
Gross profit (loss) 146 291 538 615
Gross profit margin 6% 13% 23% 22%
Operating expenses 248 331 393 350
Operating profit (loss) -102 -41 146 265
Operating profit margin -4% -2% 6% 9%
EBITDA 318 223 441 588
EBITDA margin 13% 10% 19% 21%
Net profit (loss) -108 -48 139 278
Net profit margin -4% -2% 6% 10%

Balance sheet

2018 2019 2020 2021
Non-current assets 7,427 7,223 6,813 6,712
Intangible assets 7 5 4 2
Tangible assets 7,421 7,218 6,809 6,710
Financial assets
Other non-current assets
Current assets 855 773 871 1,181
Inventories and prepaid expenses 268 226 171 221
Accounts receivable in one year 445 404 468 500
Other current assets
Cash and cash equivalents 142 143 232 460
Total assets 8,288 8,001 7,687 7,896
Equity 3,461 3,414 3,552 3,940
Grants and subsidies 2,627 2,622 2,470 2,422
Liabilities 2,199 1,966 1,665 1,535
Financial liabilities 1,948 1,652 1,379 1,238
Long-term liabilities 1,590 1,271 1,141 903
Short-term liabilities 610 694 524 632
Equity and liabilities 8,288 8,001 7,687 7,896

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% -1% 2% 4%
Return on equity (ROE) -3% -1% 4% 7%
Return on capital employed (ROCE) -2% -0% 5% 8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.56 0.48 0.39 0.31
Current Ratio 1.40 1.11 1.66 1.87
Quick ratio 0.96 0.79 1.34 1.52
Turnover ratios
Asset turnover 0.30 0.28 0.29 0.36
Fixed asset turnover 0.34 0.31 0.33 0.41
Equity turnover 0.72 0.66 0.66 0.75
Profitability ratios
EBITDA margin 13% 10% 19% 21%
Operating profit margin -4% -2% 6% 9%
Net profit margin -4% -2% 6% 10%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

7.4%

Number of employees

58

Financial data provided as at end-December 2021