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
| 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 |
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%
Return to the Municipality
3 EUR thousand
ROE
-10.3%
Number of employees
63
Financial data provided as at end-December 2022
