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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Šakių šilumos tinklai was registered on March 5, 2009. Company provides centralized heating services and hot water.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,324 1,314 1,262 1,583
Cost of goods sold 1,289 1,152 1,154 1,424
Gross profit (loss) 36 162 108 159
Gross profit margin 3% 12% 9% 10%
Operating expenses 206 152 229 211
Operating profit (loss) -171 10 -121 -52
Operating profit margin -13% 1% -10% -3%
EBITDA 17 212 83 256
EBITDA margin 1% 16% 7% 16%
Net profit (loss) -183 5 -121 54
Net profit margin -14% 0% -10% 3%

* 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

2018 2019 2020 2021
Non-current assets 2,955 2,769 2,632 3,217
Intangible assets 14 13 11 6
Tangible assets 2,941 2,755 2,621 3,211
Financial assets
Other non-current assets
Current assets 378 361 498 576
Inventories and prepaid expenses 97 121 108 88
Accounts receivable in one year 255 215 251 346
Other current assets
Cash and cash equivalents 26 25 139 142
Total assets 3,333 3,138 3,134 3,795
Equity 1,045 1,050 829 953
Grants and subsidies 1,004 908 814 1,092
Liabilities 1,285 1,179 1,490 1,750
Financial liabilities 1,025 884 965 1,300
Long-term liabilities 814 672 732 1,048
Short-term liabilities 471 508 758 702
Equity and liabilities 3,333 3,138 3,134 3,795

* 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) -5% 0% -4% 2%
Return on equity (ROE) -16% 0% -13% 6%
Return on capital employed (ROCE) -11% 2% -8% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.98 0.84 1.16 1.36
Current Ratio 0.80 0.71 0.66 0.82
Quick ratio 0.60 0.47 0.51 0.70
Turnover ratios
Asset turnover 0.38 0.41 0.40 0.46
Fixed asset turnover 0.43 0.46 0.47 0.54
Equity turnover 1.17 1.25 1.34 1.78
Profitability ratios
EBITDA margin 1% 16% 7% 16%
Operating profit margin -13% 1% -10% -3%
Net profit margin -14% 0% -10% 3%
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

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Šakių šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code174409393
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionŠakiai district municipality
  • Share belonging to the Municipal100%
https://sakiusiluma.lt/lt/pradzia
ROE

6.0%

Number of employees

41

Financial data provided as at end-December 2021