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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

2018 2019 2020 2021
Revenue 2,073 1,957 1,828 2,258
Cost of goods sold 2,004 1,912 1,627 1,803
Gross profit (loss) 69 45 201 455
Gross profit margin 3% 2% 11% 20%
Operating expenses 273 295 333 403
Operating profit (loss) -204 -250 -132 53
Operating profit margin -10% -13% -7% 2%
EBITDA 196 349 477 571
EBITDA margin 9% 18% 26% 25%
Net profit (loss) -118 10 87 198
Net profit margin -6% 1% 5% 9%

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

Balance sheet

2018 2019 2020 2021
Non-current assets 3,176 2,908 3,617 3,479
Intangible assets 27 25 15 6
Tangible assets 2,989 2,723 3,598 3,469
Financial assets 4 4 4 4
Other non-current assets 155 155
Current assets 1,140 1,141 1,105 1,408
Inventories and prepaid expenses 191 144 89 186
Accounts receivable in one year 765 758 733 842
Other current assets
Cash and cash equivalents 184 238 284 380
Total assets 4,353 4,091 4,735 4,901
Equity 2,511 2,521 2,414 2,612
Grants and subsidies 625 545 465 723
Liabilities 1,103 886 1,653 1,306
Financial liabilities 476 320 679 715
Long-term liabilities 456 287 261 514
Short-term liabilities 647 599 1,392 791
Equity and liabilities 4,353 4,091 4,735 4,901

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

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -3% 0% 2% 4%
Return on equity (ROE) -5% 0% 4% 8%
Return on capital employed (ROCE) -7% 0% 6% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.19 0.13 0.28 0.27
Current Ratio 1.76 1.90 0.79 1.78
Quick ratio 1.47 1.66 0.73 1.55
Turnover ratios
Asset turnover 0.47 0.46 0.41 0.47
Fixed asset turnover 0.63 0.64 0.56 0.64
Equity turnover 0.81 0.78 0.74 0.90
Profitability ratios
EBITDA margin 9% 18% 26% 25%
Operating profit margin -10% -13% -7% 2%
Net profit margin -6% 1% 5% 9%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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

7.9%

Number of employees

59

Financial data provided as at end-December 2021