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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Šilalės šilumos tinklai was registered on September 30, 1998. Main activities of the company – supply of steam, air conditioning, supply of heat and hot water, operation of heating network in Šilalė city.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,257 1,209 1,004 1,207
Cost of goods sold 1,141 930 793 970
Gross profit (loss) 116 279 211 237
Gross profit margin 9% 23% 21% 20%
Operating expenses 231 260 266 230
Operating profit (loss) -115 19 -55 8
Operating profit margin -9% 2% -5% 1%
EBITDA 103 204 92 128
EBITDA margin 8% 17% 9% 11%
Net profit (loss) -94 83 -42 -7
Net profit margin -7% 7% -4% -1%

Balance sheet

2018 2019 2020 2021
Non-current assets 2,841 3,117 2,937 2,708
Intangible assets 6 7 5 6
Tangible assets 2,743 3,018 2,840 2,610
Financial assets
Other non-current assets 92 92 92 92
Current assets 343 448 378 450
Inventories and prepaid expenses 133 165 136 147
Accounts receivable in one year 206 262 242 298
Other current assets
Cash and cash equivalents 4 20 0 4
Total assets 3,185 3,565 3,315 3,158
Equity 1,129 1,212 1,170 1,163
Grants and subsidies 1,552 1,635 1,516 1,395
Liabilities 503 718 629 599
Financial liabilities 272 562 504 415
Long-term liabilities 75 377 327 261
Short-term liabilities 428 342 302 338
Equity and liabilities 3,185 3,565 3,315 3,158

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -3% 2% -1% -0%
Return on equity (ROE) -8% 7% -4% -1%
Return on capital employed (ROCE) -6% 6% -2% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.24 0.46 0.43 0.36
Current Ratio 0.80 1.31 1.25 1.33
Quick ratio 0.49 0.83 0.80 0.89
Turnover ratios
Asset turnover 0.38 0.36 0.29 0.37
Fixed asset turnover 0.43 0.41 0.33 0.43
Equity turnover 1.07 1.03 0.84 1.03
Profitability ratios
EBITDA margin 8% 17% 9% 11%
Operating profit margin -9% 2% -5% 1%
Net profit margin -7% 7% -4% -1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Šilalės šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code176502533
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionŠilalė district municipality
  • Share belonging to the Municipal100%
http://silalessilumostinklai.lt/
ROE

-0.6%

Number of employees

32

Financial data provided as at end-December 2021