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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 23,188 24,608 22,626 20,867
Cost of goods sold 20,580 23,704 21,528 18,330
Gross profit (loss) 2,608 904 1,098 2,536
Gross profit margin 11% 4% 5% 12%
Operating expenses 805 738 821 869
Operating profit (loss) 1,803 166 277 1,667
Operating profit margin 8% 1% 1% 8%
EBITDA 6,154 4,189 4,198 5,323
EBITDA margin 27% 17% 19% 26%
Net profit (loss) 2,202 662 766 1,660
Net profit margin 9% 3% 3% 8%

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* Left axis

** Right axis

*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2017 2018 2019 2020
Non-current assets 50,374 50,370 59,250 59,956
Intangible assets 15 8 14 30
Tangible assets 50,350 50,362 59,236 59,927
Financial assets 9 0 0 0
Other non-current assets 0 0 0 0
Current assets 12,002 10,899 6,183 7,672
Inventories and prepaid expenses 2,073 3,498 2,007 2,090
Accounts receivable in one year 4,215 4,982 4,015 3,851
Other current assets 0 0 0 0
Cash and cash equivalents 5,713 2,420 161 1,730
Total assets 62,601 61,525 65,673 67,822
Equity 38,975 39,165 39,930 41,491
Grants and subsidies 11,842 12,947 16,528 18,187
Liabilities 11,784 9,414 9,214 8,144
Financial liabilities 9,198 6,884 6,828 5,926
Long-term liabilities 7,884 5,570 4,256 4,612
Short-term liabilities 3,731 3,697 4,817 3,404
Equity and liabilities 62,601 61,525 65,673 67,822

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* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 2% 3% 6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.18 0.17 0.14
Current Ratio 0.00 2.95 1.28 2.25
Quick ratio 0.00 2.00 0.87 1.64
Turnover ratios
Asset turnover 0.00 0.40 0.36 0.31
Fixed asset turnover 0.00 0.49 0.41 0.35
Equity turnover 0.00 0.63 0.57 0.51
Profitability ratios
EBITDA margin 0% 17% 19% 26%
Operating profit margin 0% 1% 1% 8%
Net profit margin 0% 3% 3% 8%
Other ratios
Dividends to the Municipality 0.00 0.00 99.90 74.92
Dividends paid / net profit 0.00 0.00 0.13 0.05

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand


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Financial statments

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

4.1%

Number of employees

231

Financial data provided as at end-December 2020