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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Širvintų šiluma was registered on August 21, 2000. Main activities of the company – production and supply of heat and hot water, operation and construction of heat network and boiler plants, maintenance of internal heating and hot water systems.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 1,957 1,828 2,258 2,753
Cost of goods sold 1,912 1,627 1,803 2,487
Gross profit (loss) 45 201 455 266
Gross profit margin 2% 11% 20% 10%
Operating expenses 295 333 403 275
Operating profit (loss) -250 -132 53 -9
Operating profit margin -13% -7% 2% -0%
EBITDA 349 477 489 428
EBITDA margin 18% 26% 22% 16%
Net profit (loss) 10 87 198 137
Net profit margin 1% 5% 9% 5%

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*** 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 2,908 3,617 3,479 3,268
Intangible assets 25 15 6 5
Tangible assets 2,723 3,598 3,469 3,259
Financial assets 4 4 4 4
Other non-current assets 155 0
Current assets 1,141 1,105 1,408 1,458
Inventories and prepaid expenses 144 89 186 277
Accounts receivable in one year 758 733 842 946
Other current assets
Cash and cash equivalents 238 284 380 235
Total assets 4,091 4,735 4,901 4,738
Equity 2,521 2,414 2,612 2,749
Grants and subsidies 545 465 723 699
Liabilities 886 1,653 1,306 997
Financial liabilities 320 679 715 506
Long-term liabilities 287 261 514 303
Short-term liabilities 599 1,392 791 693
Equity and liabilities 4,091 4,735 4,901 4,738

* 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) 0% 2% 4% 3%
Return on equity (ROE) 0% 4% 8% 5%
Return on capital employed (ROCE) -9% -5% 2% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.08 0.14 0.15 0.11
Current Ratio 1.90 0.79 1.78 2.10
Quick ratio 1.66 0.73 1.55 1.70
Turnover ratios
Asset turnover 0.48 0.39 0.46 0.58
Fixed asset turnover 0.67 0.51 0.65 0.84
Equity turnover 0.78 0.76 0.86 1.00
Profitability ratios
EBITDA margin 18% 26% 22% 16%
Operating profit margin -13% -7% 2% -0%
Net profit margin 1% 5% 9% 5%
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

2020 m. metinės ataskaitos

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

5.1%

Number of employees

62

Financial data provided as at end-December 2022