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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB Šiaulių energija was registered on August 15, 1998. Main activities of the company – production and supply of heat, electricity and hot water. Company provides services mainly in Šiauliai district.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 24,608 22,626 20,867 27,411
Cost of goods sold 23,704 21,528 18,330 25,237
Gross profit (loss) 904 1,098 2,536 2,174
Gross profit margin 4% 5% 12% 8%
Operating expenses 738 821 869 913
Operating profit (loss) 166 277 1,667 1,261
Operating profit margin 1% 1% 8% 5%
EBITDA 4,189 4,198 5,323 4,909
EBITDA margin 17% 19% 26% 18%
Net profit (loss) 662 766 1,660 1,349
Net profit margin 3% 3% 8% 5%

* 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 50,370 59,250 59,956 61,909
Intangible assets 8 14 30 57
Tangible assets 50,362 59,236 59,927 61,852
Financial assets
Other non-current assets
Current assets 10,899 6,183 7,672 10,235
Inventories and prepaid expenses 3,498 2,007 2,090 2,803
Accounts receivable in one year 4,982 4,015 3,851 6,469
Other current assets
Cash and cash equivalents 2,420 161 1,730 963
Total assets 61,525 65,673 67,822 72,290
Equity 39,165 39,930 41,491 42,764
Grants and subsidies 12,947 16,528 18,187 18,683
Liabilities 9,414 9,214 8,144 10,843
Financial liabilities 6,884 6,828 5,926 7,481
Long-term liabilities 5,570 4,256 4,612 2,762
Short-term liabilities 3,697 4,817 3,404 7,965
Equity and liabilities 61,525 65,673 67,822 72,290

* 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) 1% 1% 2% 2%
Return on equity (ROE) 2% 2% 4% 3%
Return on capital employed (ROCE) 2% 3% 6% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.17 0.14 0.17
Current Ratio 2.95 1.28 2.25 1.29
Quick ratio 2.00 0.87 1.64 0.93
Turnover ratios
Asset turnover 0.40 0.36 0.31 0.39
Fixed asset turnover 0.49 0.41 0.35 0.45
Equity turnover 0.63 0.57 0.51 0.65
Profitability ratios
EBITDA margin 17% 19% 26% 18%
Operating profit margin 1% 1% 8% 5%
Net profit margin 3% 3% 8% 5%
Other ratios
Dividends to the Municipality 99.90 74.92 104.89
Dividends paid / net profit 0.13 0.05 0.08

* Left axis

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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 nameAB „Šiaulių energija“
  • Legal formPublic limited liability company (AB)
  • Company code245358580
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionŠiauliai city municipality
    ↑ Controlling (holding the largest share) institution

    Šiauliai district municipality
  • Share belonging to the Municipal99.9%
https://www.senergija.lt/
ROE

3.2%

Number of employees

223

Financial data provided as at end-December 2021