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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

2019 2020 2021 2022
Revenue 1,209 1,004 1,207 1,659
Cost of goods sold 930 793 970 1,584
Gross profit (loss) 279 211 237 75
Gross profit margin 23% 21% 20% 5%
Operating expenses 219 225 189 167
Operating profit (loss) 19 -55 8 -126
Operating profit margin 2% -5% 1% -8%
EBITDA 204 92 126 17
EBITDA margin 17% 9% 10% 1%
Net profit (loss) 83 -42 -7 -121
Net profit margin 7% -4% -1% -7%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 3,117 2,937 2,708 2,516
Intangible assets 7 5 6 4
Tangible assets 3,018 2,840 2,610 2,419
Financial assets
Other non-current assets 92 92 92 92
Current assets 448 378 450 586
Inventories and prepaid expenses 165 136 147 190
Accounts receivable in one year 262 242 298 388
Other current assets
Cash and cash equivalents 20 0 4 7
Total assets 3,565 3,315 3,158 3,102
Equity 1,212 1,170 1,163 1,015
Grants and subsidies 1,635 1,516 1,395 1,278
Liabilities 718 629 599 809
Financial liabilities 562 504 415 471
Long-term liabilities 377 327 261 446
Short-term liabilities 342 302 338 364
Equity and liabilities 3,565 3,315 3,158 3,102

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 2% -1% -0% -4%
Return on equity (ROE) 7% -4% -1% -11%
Return on capital employed (ROCE) 1% -4% 1% -9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.16 0.15 0.13 0.15
Current Ratio 1.31 1.25 1.33 1.61
Quick ratio 0.83 0.80 0.89 1.09
Turnover ratios
Asset turnover 0.34 0.30 0.38 0.53
Fixed asset turnover 0.39 0.34 0.45 0.66
Equity turnover 1.00 0.86 1.04 1.64
Profitability ratios
EBITDA margin 17% 9% 10% 1%
Operating profit margin 2% -5% 1% -8%
Net profit margin 7% -4% -1% -7%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

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%
https://silalessilumostinklai.lt/
ROE

-11.1%

Number of employees

31

Financial data provided as at end-December 2022

Management

  • Ernestas AušraChief Executive Officer

Information as of: 4/30/2023