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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

2019 2020 2021 2022
Revenue 1,830 1,550 1,914 2,856
Cost of goods sold 1,562 1,364 1,802 2,804
Gross profit (loss) 268 186 112 52
Gross profit margin 15% 12% 6% 2%
Operating expenses 242 244 259 326
Operating profit (loss) 27 -58 -148 -274
Operating profit margin 1% -4% -8% -10%
EBITDA 201 208 158 102
EBITDA margin 11% 13% 8% 4%
Net profit (loss) 9 5 3 -37
Net profit margin 0% 0% 0% -1%

* 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 2,454 2,219 2,092 1,928
Intangible assets 0
Tangible assets 2,454 2,219 2,092 1,928
Financial assets 0
Other non-current assets 0
Current assets 429 435 581 758
Inventories and prepaid expenses 120 118 154 245
Accounts receivable in one year 198 192 315 409
Other current assets
Cash and cash equivalents 111 125 112 104
Total assets 2,888 2,661 2,682 2,697
Equity 935 940 943 906
Grants and subsidies 799 709 713 659
Liabilities 1,155 1,013 1,026 1,133
Financial liabilities 958 808 679 600
Long-term liabilities 807 679 600 545
Short-term liabilities 348 334 426 588
Equity and liabilities 2,888 2,661 2,682 2,697

* 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% 0% 0% -1%
Return on equity (ROE) 1% 1% 0% -4%
Return on capital employed (ROCE) 2% -4% -10% -19%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.33 0.30 0.25 0.22
Current Ratio 1.23 1.30 1.36 1.29
Quick ratio 0.89 0.95 1.00 0.87
Turnover ratios
Asset turnover 0.63 0.58 0.71 1.06
Fixed asset turnover 0.75 0.70 0.92 1.48
Equity turnover 1.96 1.65 2.03 3.15
Profitability ratios
EBITDA margin 11% 13% 8% 4%
Operating profit margin 1% -4% -8% -10%
Net profit margin 0% 0% 0% -1%
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

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%
https://sstinklai.lt/
ROE

-4.0%

Number of employees

54

Financial data provided as at end-December 2022