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
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Revenue | 3,304 | 3,559 | 3,359 | 2,831 |
| Cost of goods sold | 2,955 | 3,422 | 3,307 | 2,774 |
| Gross profit (loss) | 349 | 136 | 52 | 57 |
| Gross profit margin | 11% | 4% | 2% | 2% |
| Operating expenses | 491 | 409 | 414 | 395 |
| Operating profit (loss) | -142 | -273 | -362 | -337 |
| Operating profit margin | -4% | -8% | -11% | -12% |
| EBITDA | 342 | 260 | 251 | 316 |
| EBITDA margin | 10% | 7% | 7% | 11% |
| Net profit (loss) | -78 | -151 | -216 | -262 |
| Net profit margin | -2% | -4% | -6% | -9% |
Balance sheet
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Non-current assets | 7,115 | 7,717 | 9,701 | 9,383 |
| Intangible assets | 8 | 12 | 5 | 2 |
| Tangible assets | 7,047 | 7,615 | 9,569 | 9,207 |
| Financial assets | 6 | 6 | 6 | 6 |
| Other non-current assets | 53 | 84 | 121 | 168 |
| Current assets | 1,150 | 1,286 | 949 | 936 |
| Inventories and prepaid expenses | 260 | 322 | 252 | 259 |
| Accounts receivable in one year | 571 | 714 | 573 | 525 |
| Other current assets | 0 | 0 | 0 | 0 |
| Cash and cash equivalents | 318 | 250 | 123 | 69 |
| Total assets | 8,293 | 9,039 | 10,709 | 10,345 |
| Equity | 4,761 | 4,610 | 4,395 | 4,132 |
| Grants and subsidies | 1,976 | 2,179 | 3,328 | 3,363 |
| Liabilities | 1,547 | 2,223 | 2,969 | 2,836 |
| Financial liabilities | 1,287 | 1,189 | 2,581 | 2,261 |
| Long-term liabilities | 644 | 493 | 1,641 | 1,331 |
| Short-term liabilities | 904 | 1,730 | 1,328 | 1,505 |
| Equity and liabilities | 8,293 | 9,039 | 10,709 | 10,345 |
Financial ratios
| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 0% | -2% | -2% | -2% |
| Return on equity (ROE) | 0% | -3% | -5% | -6% |
| Return on capital employed (ROCE) | 0% | -4% | -4% | -5% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.26 | 0.59 | 0.55 |
| Current Ratio | 0.00 | 0.74 | 0.71 | 0.62 |
| Quick ratio | 0.00 | 0.56 | 0.52 | 0.45 |
| Turnover ratios | ||||
| Asset turnover | 0.00 | 0.41 | 0.34 | 0.27 |
| Fixed asset turnover | 0.00 | 0.48 | 0.39 | 0.30 |
| Equity turnover | 0.00 | 0.76 | 0.75 | 0.66 |
| Profitability ratios | ||||
| EBITDA margin | 0% | 7% | 7% | 11% |
| Operating profit margin | 0% | -8% | -11% | -12% |
| Net profit margin | 0% | -4% | -6% | -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 |
Financial statments
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 belonging to the Municipal99.9%
ROE
-6.2%
Number of employees
69
Financial data provided as at end-December 2020
