Tauragės šilumos tinklai
UAB Tauragės šilumos tinklai was registered on August 10, 1998. Main activities of the company – supply of steam and hot water to Tauragė city, Eičiai, Taurai and Tarailiai settlements. Other services – sale of pollution permits and vehicle rental.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,717 | 3,057 | 4,056 | 4,445 |
| Cost of goods sold | 2,459 | 2,708 | 4,116 | 3,950 |
| Gross profit (loss) | 258 | 349 | -60 | 495 |
| Gross profit margin | 9% | 11% | -1% | 11% |
| Operating expenses | 341 | 307 | 353 | 424 |
| Operating profit (loss) | -128 | -2 | -467 | 15 |
| Operating profit margin | -5% | -0% | -12% | 0% |
| EBITDA | 359 | 484 | -45 | 394 |
| EBITDA margin | 13% | 16% | -1% | 9% |
| Net profit (loss) | -137 | 4 | -405 | -58 |
| Net profit margin | -5% | 0% | -10% | -1% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 7,221 | 6,837 | 6,542 | 6,146 |
| Intangible assets | 10 | 7 | 4 | 10 |
| Tangible assets | 7,166 | 6,784 | 6,416 | 6,004 |
| Financial assets | ||||
| Other non-current assets | 45 | 46 | 122 | 132 |
| Current assets | 1,108 | 915 | 2,162 | 1,723 |
| Inventories and prepaid expenses | 424 | 269 | 901 | 674 |
| Accounts receivable in one year | 514 | 486 | 1,097 | 872 |
| Other current assets | ||||
| Cash and cash equivalents | 170 | 160 | 165 | 177 |
| Total assets | 8,336 | 7,759 | 8,709 | 7,876 |
| Equity | 4,143 | 4,147 | 3,739 | 3,693 |
| Grants and subsidies | 2,077 | 1,972 | 1,892 | 1,788 |
| Liabilities | 2,116 | 1,640 | 3,079 | 2,395 |
| Financial liabilities | 1,655 | 1,124 | 2,015 | 1,828 |
| Long-term liabilities | 1,517 | 695 | 557 | 419 |
| Short-term liabilities | 598 | 945 | 2,522 | 1,976 |
| Equity and liabilities | 8,336 | 7,759 | 8,709 | 7,876 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -2% | 0% | -5% | -1% |
| Return on equity (ROE) | -3% | 0% | -10% | -2% |
| Return on capital employed (ROCE) | -2% | -0% | -11% | 0% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.20 | 0.14 | 0.23 | 0.23 |
| Current Ratio | 1.85 | 0.97 | 0.86 | 0.87 |
| Quick ratio | 1.14 | 0.68 | 0.50 | 0.53 |
| Turnover ratios | ||||
| Asset turnover | 0.33 | 0.39 | 0.47 | 0.56 |
| Fixed asset turnover | 0.38 | 0.45 | 0.62 | 0.72 |
| Equity turnover | 0.66 | 0.74 | 1.08 | 1.20 |
| Profitability ratios | ||||
| EBITDA margin | 13% | 16% | -1% | 9% |
| Operating profit margin | -5% | -0% | -12% | 0% |
| Net profit margin | -5% | 0% | -10% | -1% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 3.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | -0.01 | 0.00 |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB Tauragės šilumos tinklai
- Legal formPrivate limited liability company (UAB)
- Company code179478621
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionTauragė district municipality
- Share belonging to the Municipal100%
ROE
-1.6%
Number of employees
61
Financial data provided as at end-December 2023
Management
- Audrius ArcišauskasChief Executive Officer
Information as of: 2024/04/30
