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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

2019 2020 2021 2022
Revenue 2,278 2,292 2,795 3,567
Cost of goods sold 1,987 1,754 2,181 3,102
Gross profit (loss) 291 538 615 465
Gross profit margin 13% 23% 22% 13%
Operating expenses 234 317 273 304
Operating profit (loss) -41 146 265 82
Operating profit margin -2% 6% 9% 2%
EBITDA 223 441 588 355
EBITDA margin 10% 19% 21% 10%
Net profit (loss) -48 139 278 84
Net profit margin -2% 6% 10% 2%

* 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 7,223 6,813 6,712 6,569
Intangible assets 5 4 2 2
Tangible assets 7,218 6,809 6,710 6,568
Financial assets
Other non-current assets
Current assets 773 871 1,181 1,375
Inventories and prepaid expenses 226 171 221 364
Accounts receivable in one year 404 468 500 822
Other current assets
Cash and cash equivalents 143 232 460 189
Total assets 8,001 7,687 7,896 7,949
Equity 3,414 3,552 3,940 4,075
Grants and subsidies 2,622 2,470 2,422 2,302
Liabilities 1,966 1,665 1,535 1,573
Financial liabilities 1,652 1,379 1,238 990
Long-term liabilities 1,271 1,141 903 115
Short-term liabilities 694 524 631 1,458
Equity and liabilities 8,001 7,687 7,896 7,949

* 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) -1% 2% 4% 1%
Return on equity (ROE) -1% 4% 7% 2%
Return on capital employed (ROCE) -1% 3% 5% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.21 0.18 0.16 0.12
Current Ratio 1.11 1.66 1.87 0.94
Quick ratio 0.79 1.34 1.52 0.69
Turnover ratios
Asset turnover 0.28 0.30 0.35 0.45
Fixed asset turnover 0.32 0.34 0.42 0.54
Equity turnover 0.67 0.65 0.71 0.88
Profitability ratios
EBITDA margin 10% 19% 21% 10%
Operating profit margin -2% 6% 9% 2%
Net profit margin -2% 6% 10% 2%
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

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://raseiniust.lt/
ROE

2.1%

Number of employees

57

Financial data provided as at end-December 2022

Management

  • Modestas GlobysChief Executive Officer

Information as of: 4/30/2023