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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 1,475 2,073 1,957 1,828
Cost of goods sold 1,299 2,004 1,912 1,627
Gross profit (loss) 176 69 45 201
Gross profit margin 12% 3% 2% 11%
Operating expenses 280 273 295 333
Operating profit (loss) -105 -204 -250 -132
Operating profit margin -7% -10% -13% -7%
EBITDA 390 196 349 477
EBITDA margin 26% 9% 18% 26%
Net profit (loss) 20 -118 10 87
Net profit margin 1% -6% 1% 5%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 3,448 3,176 2,908 3,772
Intangible assets 15 27 25 15
Tangible assets 3,273 2,989 2,723 3,598
Financial assets 4 4 4 4
Other non-current assets 155 155 155 155
Current assets 897 1,140 1,141 1,138
Inventories and prepaid expenses 182 191 144 111
Accounts receivable in one year 570 765 758 743
Other current assets
Cash and cash equivalents 144 184 238 284
Total assets 4,413 4,353 4,091 4,929
Equity 2,629 2,511 2,521 2,608
Grants and subsidies 714 625 545 465
Liabilities 1,030 1,103 886 1,653
Financial liabilities 520 476 320 678
Long-term liabilities 441 456 287 261
Short-term liabilities 589 647 599 1,392
Equity and liabilities 4,413 4,353 4,091 4,929

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

Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) -3% 0% 2%
Return on equity (ROE) -5% 0% 3%
Return on capital employed (ROCE) -7% 0% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.19 0.13 0.26
Current Ratio 1.76 1.90 0.82
Quick ratio 1.47 1.66 0.74
Turnover ratios
Asset turnover 0.47 0.46 0.41
Fixed asset turnover 0.63 0.64 0.55
Equity turnover 0.81 0.78 0.71
Profitability ratios
EBITDA margin 9% 18% 26%
Operating profit margin -10% -13% -7%
Net profit margin -6% 1% 5%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

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


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Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Širvintų šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code278312850
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionŠirvintai district municipality
  • Share belonging to the Municipal99.9%
https://sirvintusiluma.lt/
ROE

3.4%

Number of employees

68

Financial data provided as at end-December 2019

Management

  • Lliudmila BraškienėDirector General

Information as of: 2021/06/01