• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2019 2020 2021 2022
Revenue 3,359 2,831 3,755 5,339
Cost of goods sold 3,307 2,774 3,362 5,227
Gross profit (loss) 52 57 393 112
Gross profit margin 2% 2% 10% 2%
Operating expenses 357 344 325 361
Operating profit (loss) -362 -337 12 -316
Operating profit margin -11% -12% 0% -6%
EBITDA 251 317 560 901
EBITDA margin 7% 11% 15% 17%
Net profit (loss) -216 -262 -61 16
Net profit margin -6% -9% -2% 0%

* 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 9,701 9,383 9,216 8,732
Intangible assets 5 2 0 10
Tangible assets 9,569 9,207 9,030 8,703
Financial assets 6 6 6 6
Other non-current assets 121 168 180 14
Current assets 949 936 1,210 2,021
Inventories and prepaid expenses 252 259 318 523
Accounts receivable in one year 573 525 841 1,399
Other current assets
Cash and cash equivalents 123 69 51 99
Total assets 10,709 10,345 10,434 10,761
Equity 4,395 4,132 4,071 4,087
Grants and subsidies 3,328 3,363 3,519 3,296
Liabilities 2,969 2,836 2,835 3,369
Financial liabilities 2,581 2,261 2,173 1,947
Long-term liabilities 1,641 1,331 1,657 1,484
Short-term liabilities 1,328 1,505 1,178 1,885
Equity and liabilities 10,709 10,345 10,434 10,761

* 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% -2% -1% 0%
Return on equity (ROE) -5% -6% -1% 0%
Return on capital employed (ROCE) -6% -6% 0% -6%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.24 0.22 0.21 0.18
Current Ratio 0.71 0.62 1.03 1.07
Quick ratio 0.52 0.45 0.76 0.79
Turnover ratios
Asset turnover 0.31 0.27 0.36 0.50
Fixed asset turnover 0.35 0.30 0.41 0.61
Equity turnover 0.76 0.69 0.92 1.31
Profitability ratios
EBITDA margin 7% 11% 15% 17%
Operating profit margin -11% -12% 0% -6%
Net profit margin -6% -9% -2% 0%
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

* Left axis

** Right axis

*** 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 „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%
https://silutesst.lt/
ROE

0.4%

Number of employees

69

Financial data provided as at end-December 2022

Management

  • Vaidotas MačiulisChief Executive Officer

Information as of: 4/30/2023