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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Skuodo šiluma was registered on February 1, 2010. Main activity of the company – supply of steam, heat and hot water, maintenance of household heating and hot water systems and administration of apartment buildings.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 890 805 682 890
Cost of goods sold 737 691 607 684
Gross profit (loss) 152 115 75 206
Gross profit margin 17% 14% 11% 23%
Operating expenses 125 126 123 132
Operating profit (loss) 27 -11 -48 74
Operating profit margin 3% -1% -7% 8%
EBITDA 386 380 335 447
EBITDA margin 43% 47% 49% 50%
Net profit (loss) 34 24 -32 91
Net profit margin 4% 3% -5% 10%

Balance sheet

2018 2019 2020 2021
Non-current assets 4,581 4,853 4,519 4,177
Intangible assets 10 4 0 8
Tangible assets 4,567 4,845 4,515 4,169
Financial assets
Other non-current assets 4 4 4 0
Current assets 571 469 714 1,099
Inventories and prepaid expenses 113 69 58 75
Accounts receivable in one year 193 170 179 256
Other current assets
Cash and cash equivalents 265 229 477 768
Total assets 5,156 5,325 5,236 5,279
Equity 3,899 3,923 3,891 3,982
Grants and subsidies 1,073 1,233 1,141 1,060
Liabilities 83 95 125 157
Financial liabilities
Long-term liabilities
Short-term liabilities 83 95 125 157
Equity and liabilities 5,156 5,325 5,236 5,279

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 1% 0% -1% 2%
Return on equity (ROE) 1% 1% -1% 2%
Return on capital employed (ROCE) 1% 1% -1% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 6.92 4.96 5.71 6.99
Quick ratio 5.55 4.23 5.24 6.51
Turnover ratios
Asset turnover 0.17 0.15 0.13 0.17
Fixed asset turnover 0.19 0.17 0.15 0.20
Equity turnover 0.23 0.21 0.17 0.23
Profitability ratios
EBITDA margin 43% 47% 49% 50%
Operating profit margin 3% -1% -7% 8%
Net profit margin 4% 3% -5% 10%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

About the company

  • Official nameUAB „Skuodo šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code273889830
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionSkuodas district municipality
  • Share belonging to the Municipal100%
https://www.uabskuodosiluma.lt/
ROE

2.3%

Number of employees

18

Financial data provided as at end-December 2021