• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2019 2020 2021 2022
Revenue 2,874 2,717 3,057 4,056
Cost of goods sold 2,627 2,459 2,708 4,116
Gross profit (loss) 247 258 349 -60
Gross profit margin 9% 9% 11% -1%
Operating expenses 340 341 307 353
Operating profit (loss) -143 -128 -2 -467
Operating profit margin -5% -5% -0% -12%
EBITDA 544 359 484 -45
EBITDA margin 19% 13% 16% -1%
Net profit (loss) 35 -137 4 -405
Net profit margin 1% -5% 0% -10%

Balance sheet

2019 2020 2021 2022
Non-current assets 7,640 7,221 6,837 6,542
Intangible assets 6 10 7 4
Tangible assets 7,615 7,166 6,784 6,416
Financial assets
Other non-current assets 20 45 46 122
Current assets 1,575 1,108 915 2,162
Inventories and prepaid expenses 778 424 269 901
Accounts receivable in one year 690 514 486 1,097
Other current assets
Cash and cash equivalents 107 170 160 165
Total assets 9,222 8,336 7,759 8,709
Equity 4,284 4,143 4,147 3,739
Grants and subsidies 2,177 2,077 1,972 1,892
Liabilities 2,761 2,116 1,640 3,079
Financial liabilities 2,313 1,655 1,124 2,015
Long-term liabilities 940 1,517 695 557
Short-term liabilities 1,821 598 945 2,522
Equity and liabilities 9,222 8,336 7,759 8,709

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% -2% 0% -5%
Return on equity (ROE) 1% -3% 0% -10%
Return on capital employed (ROCE) -3% -2% -0% -11%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.25 0.20 0.14 0.23
Current Ratio 0.86 1.85 0.97 0.86
Quick ratio 0.44 1.14 0.68 0.50
Turnover ratios
Asset turnover 0.31 0.33 0.39 0.47
Fixed asset turnover 0.38 0.38 0.45 0.62
Equity turnover 0.67 0.66 0.74 1.08
Profitability ratios
EBITDA margin 19% 13% 16% -1%
Operating profit margin -5% -5% -0% -12%
Net profit margin 1% -5% 0% -10%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 3.00
Dividends paid / net profit 0.00 0.00 0.00 -0.01

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%
https://tauragesst.lt
Return to the Municipality

3 EUR thousand

ROE

-10.3%

Number of employees

63

Financial data provided as at end-December 2022

Management

  • Audrius ArcišauskasChief Executive Officer

Information as of: 4/30/2023