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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

2019 2020 2021 2022
Revenue 1,314 1,262 1,583 1,828
Cost of goods sold 1,152 1,154 1,424 1,816
Gross profit (loss) 162 108 159 12
Gross profit margin 12% 9% 10% 1%
Operating expenses 152 229 211 231
Operating profit (loss) 10 -121 -52 -219
Operating profit margin 1% -10% -3% -12%
EBITDA 212 83 252 -15
EBITDA margin 16% 7% 16% -1%
Net profit (loss) 5 -121 54 -227
Net profit margin 0% -10% 3% -12%

* 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 2,769 2,632 3,217 3,103
Intangible assets 13 11 6 1
Tangible assets 2,755 2,621 3,211 3,102
Financial assets
Other non-current assets
Current assets 361 498 576 687
Inventories and prepaid expenses 121 108 88 83
Accounts receivable in one year 215 251 346 422
Other current assets
Cash and cash equivalents 25 139 142 182
Total assets 3,138 3,134 3,795 3,797
Equity 1,050 829 953 726
Grants and subsidies 908 814 1,092 1,004
Liabilities 1,179 1,490 1,750 2,067
Financial liabilities 884 965 1,300 1,517
Long-term liabilities 672 732 1,048 681
Short-term liabilities 508 758 702 1,385
Equity and liabilities 3,138 3,134 3,795 3,797

* 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) 0% -4% 2% -6%
Return on equity (ROE) 0% -13% 6% -27%
Return on capital employed (ROCE) 1% -8% -3% -16%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.28 0.31 0.34 0.40
Current Ratio 0.71 0.66 0.82 0.50
Quick ratio 0.47 0.51 0.69 0.44
Turnover ratios
Asset turnover 0.42 0.40 0.42 0.48
Fixed asset turnover 0.47 0.48 0.49 0.59
Equity turnover 1.25 1.52 1.66 2.52
Profitability ratios
EBITDA margin 16% 7% 16% -1%
Operating profit margin 1% -10% -3% -12%
Net profit margin 0% -10% 3% -12%
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 „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

-27.0%

Number of employees

42

Financial data provided as at end-December 2022

Management

  • Raimondas RauckisChief Executive Officer

Information as of: 4/30/2023