Raseinių šilumos tinklai
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%
ROE
7.4%
Number of employees
58
Financial data provided as at end-December 2021
