Šilutės šilumos tinklai
UAB Šilutės šilumos tinklai was registered on August 10, 1994. Main activities of the company – centralized supply of heating and hot water to consumers. Other services – maintenance of hot water and heat meters, maintenance of internal heating and hot water systems, hydraulic tests and flushing of heating pipelines with cogeneration water.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,831 | 3,755 | 5,339 | 5,557 |
| Cost of goods sold | 2,774 | 3,362 | 5,227 | 4,662 |
| Gross profit (loss) | 57 | 393 | 112 | 894 |
| Gross profit margin | 2% | 10% | 2% | 16% |
| Operating expenses | 344 | 325 | 361 | 437 |
| Operating profit (loss) | -337 | 12 | -316 | 383 |
| Operating profit margin | -12% | 0% | -6% | 7% |
| EBITDA | 317 | 560 | 901 | 1,307 |
| EBITDA margin | 11% | 15% | 17% | 24% |
| Net profit (loss) | -262 | -61 | 16 | 508 |
| Net profit margin | -9% | -2% | 0% | 9% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 9,383 | 9,216 | 8,732 | 8,441 |
| Intangible assets | 2 | 0 | 10 | 15 |
| Tangible assets | 9,207 | 9,030 | 8,703 | 8,404 |
| Financial assets | 6 | 6 | 6 | 6 |
| Other non-current assets | 168 | 180 | 14 | 16 |
| Current assets | 936 | 1,210 | 2,021 | 1,437 |
| Inventories and prepaid expenses | 259 | 318 | 523 | 366 |
| Accounts receivable in one year | 525 | 841 | 1,399 | 939 |
| Other current assets | ||||
| Cash and cash equivalents | 69 | 51 | 99 | 132 |
| Total assets | 10,345 | 10,434 | 10,761 | 9,886 |
| Equity | 4,132 | 4,071 | 4,087 | 4,595 |
| Grants and subsidies | 3,363 | 3,519 | 3,296 | 3,072 |
| Liabilities | 2,836 | 2,835 | 3,369 | 2,209 |
| Financial liabilities | 1,665 | 1,991 | 1,818 | 1,484 |
| Long-term liabilities | 1,331 | 1,657 | 1,484 | 1,311 |
| Short-term liabilities | 1,505 | 1,178 | 1,885 | 898 |
| Equity and liabilities | 10,345 | 10,434 | 10,761 | 9,886 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -2% | -1% | 0% | 5% |
| Return on equity (ROE) | -6% | -1% | 0% | 12% |
| Return on capital employed (ROCE) | -6% | 0% | -6% | 6% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.22 | 0.21 | 0.18 | 0.16 |
| Current Ratio | 0.62 | 1.03 | 1.07 | 1.60 |
| Quick ratio | 0.45 | 0.76 | 0.79 | 1.19 |
| Turnover ratios | ||||
| Asset turnover | 0.27 | 0.36 | 0.50 | 0.56 |
| Fixed asset turnover | 0.30 | 0.41 | 0.61 | 0.66 |
| Equity turnover | 0.69 | 0.92 | 1.31 | 1.21 |
| Profitability ratios | ||||
| EBITDA margin | 11% | 15% | 17% | 24% |
| Operating profit margin | -12% | 0% | -6% | 7% |
| Net profit margin | -9% | -2% | 0% | 9% |
| 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 |
Expectations of the municipal
About the company
- Official nameUAB „Šilutės šilumos tinklai“
- Legal formPrivate limited liability company (UAB)
- Company code177217875
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionŠilutė district municipality
- Share indirectly belonging to the Municipal0%
ROE
11.7%
Number of employees
70
Financial data provided as at end-December 2023
Management
- Vaidotas MačiuliusChief Executive Officer
Information as of: 2024/04/30
