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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,197 1,257 1,209 1,004
Cost of goods sold 932 1,141 930 793
Gross profit (loss) 265 116 279 211
Gross profit margin 22% 9% 23% 21%
Operating expenses 241 231 260 266
Operating profit (loss) 24 -115 19 -55
Operating profit margin 2% -9% 2% -5%
EBITDA 229 103 204 92
EBITDA margin 19% 8% 17% 9%
Net profit (loss) 25 -94 83 -42
Net profit margin 2% -7% 7% -4%

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Balance sheet

2017 2018 2019 2020
Non-current assets 2,966 2,841 3,117 2,937
Intangible assets 4 6 7 5
Tangible assets 2,870 2,743 3,018 2,840
Financial assets
Other non-current assets 92 92 92 92
Current assets 403 343 448 378
Inventories and prepaid expenses 161 133 165 136
Accounts receivable in one year 242 206 262 242
Other current assets
Cash and cash equivalents 1 4 20 0
Total assets 3,369 3,185 3,565 3,315
Equity 1,224 1,129 1,212 1,170
Grants and subsidies 1,500 1,552 1,635 1,516
Liabilities 646 503 718 629
Financial liabilities 329 272 562 504
Long-term liabilities 122 75 377 327
Short-term liabilities 488 428 342 302
Equity and liabilities 3,369 3,185 3,565 3,315

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Financial ratios

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

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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

-3.5%

Number of employees

34

Financial data provided as at end-December 2019

Management

  • Donatas GrigalisDirector General

Information as of: 2021/06/01