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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,317 1,324 1,314 1,262
Cost of goods sold 1,100 1,289 1,152 1,154
Gross profit (loss) 216 36 162 108
Gross profit margin 16% 3% 12% 9%
Operating expenses 187 206 152 229
Operating profit (loss) 29 -171 10 -121
Operating profit margin 2% -13% 1% -10%
EBITDA 203 17 212 83
EBITDA margin 15% 1% 16% 7%
Net profit (loss) 3 -183 5 -121
Net profit margin 0% -14% 0% -10%

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Balance sheet

2017 2018 2019 2020
Non-current assets 3,228 2,955 2,769 2,632
Intangible assets 21 14 13 11
Tangible assets 3,207 2,941 2,755 2,621
Financial assets
Other non-current assets
Current assets 369 378 361 498
Inventories and prepaid expenses 79 97 121 108
Accounts receivable in one year 259 255 215 251
Other current assets
Cash and cash equivalents 31 26 25 139
Total assets 3,598 3,333 3,138 3,134
Equity 1,228 1,045 1,050 829
Grants and subsidies 1,100 1,004 908 814
Liabilities 1,270 1,285 1,179 1,490
Financial liabilities 1,046 1,025 884 965
Long-term liabilities 815 814 672 732
Short-term liabilities 456 471 508 758
Equity and liabilities 3,598 3,333 3,138 3,134

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) -5% 0% -4%
Return on equity (ROE) -16% 0% -13%
Return on capital employed (ROCE) -11% 2% -8%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.98 0.84 1.16
Current Ratio 0.80 0.71 0.66
Quick ratio 0.60 0.47 0.51
Turnover ratios
Asset turnover 0.38 0.41 0.40
Fixed asset turnover 0.43 0.46 0.47
Equity turnover 1.17 1.25 1.34
Profitability ratios
EBITDA margin 1% 16% 7%
Operating profit margin -13% 1% -10%
Net profit margin -14% 0% -10%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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://www.sakiusiluma.lt/lt/pradzia
ROE

-12.9%

Number of employees

40

Financial data provided as at end-December 2019

Management

  • Raimondas RauckisDirector General

Information as of: 2021/06/01