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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

2018 2019 2020 2021
Revenue 3,032 2,874 2,717 3,057
Cost of goods sold 2,697 2,627 2,459 2,708
Gross profit (loss) 335 247 258 349
Gross profit margin 11% 9% 9% 11%
Operating expenses 481 390 386 351
Operating profit (loss) -146 -143 -128 -2
Operating profit margin -5% -5% -5% -0%
EBITDA 493 544 359 484
EBITDA margin 16% 19% 13% 16%
Net profit (loss) 10 35 -137 4
Net profit margin 0% 1% -5% 0%

* Left axis

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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 7,871 7,640 7,221 6,837
Intangible assets 16 6 10 7
Tangible assets 7,723 7,615 7,166 6,784
Financial assets
Other non-current assets 133 20 45 46
Current assets 1,491 1,575 1,108 915
Inventories and prepaid expenses 567 778 424 269
Accounts receivable in one year 516 690 514 486
Other current assets
Cash and cash equivalents 408 107 170 160
Total assets 9,400 9,222 8,336 7,759
Equity 4,253 4,284 4,143 4,147
Grants and subsidies 2,140 2,177 2,077 1,972
Liabilities 3,007 2,761 2,116 1,640
Financial liabilities 2,468 2,313 1,655 1,124
Long-term liabilities 1,670 940 1,517 695
Short-term liabilities 1,337 1,821 598 945
Equity and liabilities 9,400 9,222 8,336 7,759

* 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) 0% 0% -2% 0%
Return on equity (ROE) 0% 1% -3% 0%
Return on capital employed (ROCE) 2% 2% -3% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.58 0.54 0.40 0.27
Current Ratio 1.12 0.86 1.85 0.97
Quick ratio 0.69 0.44 1.14 0.68
Turnover ratios
Asset turnover 0.36 0.31 0.31 0.38
Fixed asset turnover 0.43 0.37 0.37 0.43
Equity turnover 0.71 0.67 0.64 0.74
Profitability ratios
EBITDA margin 16% 19% 13% 16%
Operating profit margin -5% -5% -5% -0%
Net profit margin 0% 1% -5% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

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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 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 Municipal99.99%
www.tauragesst.lt
ROE

0.1%

Number of employees

59

Financial data provided as at end-December 2021