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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Šalčininkų šilumos tinklai was registered on October 24, 2000. Main activities of the company – production and supply of heating and production of hot water.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 2,041 1,830 1,550 1,914
Cost of goods sold 1,668 1,562 1,364 1,802
Gross profit (loss) 373 268 186 112
Gross profit margin 18% 15% 12% 6%
Operating expenses 259 242 244 259
Operating profit (loss) 114 27 -58 -148
Operating profit margin 6% 1% -4% -8%
EBITDA 293 201 208 158
EBITDA margin 14% 11% 13% 8%
Net profit (loss) 80 9 5 3
Net profit margin 4% 0% 0% 0%

* Left axis

** Right axis

*** 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 2,594 2,454 2,219 2,092
Intangible assets 1 0
Tangible assets 2,592 2,454 2,219 2,092
Financial assets
Other non-current assets
Current assets 479 429 435 581
Inventories and prepaid expenses 120 120 118 154
Accounts receivable in one year 247 198 192 315
Other current assets
Cash and cash equivalents 112 111 125 112
Total assets 3,075 2,888 2,661 2,682
Equity 926 935 940 943
Grants and subsidies 872 799 709 713
Liabilities 1,277 1,155 1,013 1,025
Financial liabilities 1,066 958 808 679
Long-term liabilities 935 807 679 600
Short-term liabilities 342 348 334 426
Equity and liabilities 3,075 2,888 2,661 2,682

* 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) 3% 0% 0% 0%
Return on equity (ROE) 9% 1% 1% 0%
Return on capital employed (ROCE) 9% 3% 3% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.15 1.03 0.86 0.72
Current Ratio 1.40 1.23 1.30 1.36
Quick ratio 1.05 0.89 0.95 1.00
Turnover ratios
Asset turnover 0.64 0.61 0.56 0.72
Fixed asset turnover 0.75 0.73 0.66 0.89
Equity turnover 2.30 1.97 1.65 2.03
Profitability ratios
EBITDA margin 14% 11% 13% 8%
Operating profit margin 6% 1% -4% -8%
Net profit margin 4% 0% 0% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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** Right axis

*** 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 „Šalčininkų šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code174976486
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionŠalčininkai district municipality
  • Share belonging to the Municipal100%
http://www.sstinklai.lt/
ROE

0.4%

Number of employees

55

Financial data provided as at end-December 2021