Šiaulių energija

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
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Revenue | 22,626 | 20,867 | 27,411 | 40,327 |
Cost of goods sold | 21,528 | 18,330 | 25,237 | 34,448 |
Gross profit (loss) | 1,098 | 2,536 | 2,174 | 5,879 |
Gross profit margin | 5% | 12% | 8% | 15% |
Operating expenses | 821 | 869 | 913 | 1,187 |
Operating profit (loss) | 277 | 1,667 | 1,261 | 4,691 |
Operating profit margin | 1% | 8% | 5% | 12% |
EBITDA | 4,198 | 5,323 | 4,886 | 8,403 |
EBITDA margin | 19% | 26% | 18% | 21% |
Net profit (loss) | 766 | 1,660 | 1,349 | 5,345 |
Net profit margin | 3% | 8% | 5% | 13% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 59,250 | 59,956 | 61,909 | 60,800 |
Intangible assets | 14 | 30 | 57 | 32 |
Tangible assets | 59,236 | 59,927 | 61,852 | 60,768 |
Financial assets | ||||
Other non-current assets | ||||
Current assets | 6,183 | 7,672 | 10,235 | 13,879 |
Inventories and prepaid expenses | 2,007 | 2,090 | 2,803 | 2,362 |
Accounts receivable in one year | 4,015 | 3,851 | 6,469 | 9,194 |
Other current assets | ||||
Cash and cash equivalents | 161 | 1,730 | 963 | 2,323 |
Total assets | 65,673 | 67,822 | 72,290 | 74,928 |
Equity | 39,930 | 41,491 | 42,764 | 48,005 |
Grants and subsidies | 16,528 | 18,187 | 18,683 | 18,149 |
Liabilities | 9,073 | 8,016 | 10,726 | 8,607 |
Financial liabilities | 6,828 | 5,926 | 7,481 | 2,947 |
Long-term liabilities | 4,256 | 4,612 | 2,762 | 864 |
Short-term liabilities | 4,817 | 3,404 | 7,965 | 7,743 |
Equity and liabilities | 65,673 | 67,822 | 72,290 | 74,928 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 1% | 2% | 2% | 7% |
Return on equity (ROE) | 2% | 4% | 3% | 12% |
Return on capital employed (ROCE) | 1% | 4% | 3% | 10% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.10 | 0.09 | 0.10 | 0.04 |
Current Ratio | 1.28 | 2.25 | 1.29 | 1.79 |
Quick ratio | 0.87 | 1.64 | 0.93 | 1.49 |
Turnover ratios | ||||
Asset turnover | 0.34 | 0.31 | 0.38 | 0.54 |
Fixed asset turnover | 0.38 | 0.35 | 0.44 | 0.66 |
Equity turnover | 0.57 | 0.50 | 0.64 | 0.84 |
Profitability ratios | ||||
EBITDA margin | 19% | 26% | 18% | 21% |
Operating profit margin | 1% | 8% | 5% | 12% |
Net profit margin | 3% | 8% | 5% | 13% |
Other ratios | ||||
Dividends to the Municipality | 99.90 | 74.92 | 104.89 | 476.50 |
Dividends paid / net profit | 0.13 | 0.05 | 0.08 | 0.09 |
Financial statments
Expectations of the municipal
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 Municipal95.3%
Return to the Municipality
476 EUR thousand
ROE
11.8%
Number of employees
226
Financial data provided as at end-December 2022
Management
- Virgilijus PavlavičiusChief Executive Officer
Information as of: 2023/04/30