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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,918 3,032 2,874 2,717
Cost of goods sold 2,444 2,697 2,627 2,459
Gross profit (loss) 474 335 247 258
Gross profit margin 16% 11% 9% 9%
Operating expenses 457 481 390 386
Operating profit (loss) 17 -146 -143 -128
Operating profit margin 1% -5% -5% -5%
EBITDA 435 493 544 359
EBITDA margin 15% 16% 19% 13%
Net profit (loss) 17 10 35 -137
Net profit margin 1% 0% 1% -5%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 6,362 7,871 7,640 7,221
Intangible assets 33 16 6 10
Tangible assets 6,120 7,723 7,615 7,166
Financial assets 0 0 0 0
Other non-current assets 209 133 20 45
Current assets 878 1,491 1,575 1,108
Inventories and prepaid expenses 254 567 778 424
Accounts receivable in one year 528 516 690 514
Other current assets 0 0 0 0
Cash and cash equivalents 97 408 107 170
Total assets 7,244 9,400 9,222 8,336
Equity 4,267 4,253 4,284 4,143
Grants and subsidies 1,411 2,140 2,177 2,077
Liabilities 1,566 3,007 2,761 2,116
Financial liabilities 1,045 2,468 2,313 1,655
Long-term liabilities 968 1,670 940 1,517
Short-term liabilities 598 1,337 1,821 598
Equity and liabilities 7,244 9,400 9,222 8,336

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 2% 2% -3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.58 0.54 0.40
Current Ratio 0.00 1.12 0.86 1.85
Quick ratio 0.00 0.69 0.44 1.14
Turnover ratios
Asset turnover 0.00 0.36 0.31 0.31
Fixed asset turnover 0.00 0.43 0.37 0.37
Equity turnover 0.00 0.71 0.67 0.64
Profitability ratios
EBITDA margin 0% 16% 19% 13%
Operating profit margin 0% -5% -5% -5%
Net profit margin 0% 0% 1% -5%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

* Left axis

** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand


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Financial statments

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

-3.2%

Number of employees

61

Financial data provided as at end-December 2020