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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Telšių šilumos tinklai was registered on April 15, 1997. Main activities of the company – supply of heat and rental of assets required for the production and supply of thermal energy.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 336 309 291 284
Cost of goods sold 239 215 194 189
Gross profit (loss) 97 93 98 94
Gross profit margin 29% 30% 34% 33%
Operating expenses 80 90 89 113
Operating profit (loss) 18 3 8 -19
Operating profit margin 5% 1% 3% -7%
EBITDA 253 215 183 179
EBITDA margin 75% 70% 63% 63%
Net profit (loss) 16 3 10 -7
Net profit margin 5% 1% 4% -2%

Balance sheet

2019 2020 2021 2022
Non-current assets 2,305 2,094 2,092 2,161
Intangible assets 0 0
Tangible assets 2,289 2,078 2,076 2,145
Financial assets 15 15 15 15
Other non-current assets
Current assets 92 103 117 117
Inventories and prepaid expenses 1 2 1 2
Accounts receivable in one year 23 13 10 12
Other current assets
Cash and cash equivalents 68 89 106 103
Total assets 2,397 2,197 2,209 2,278
Equity 1,921 1,924 1,935 1,928
Grants and subsidies
Liabilities 476 272 274 350
Financial liabilities 450 245 248 322
Long-term liabilities 225 55 70 130
Short-term liabilities 251 217 204 220
Equity and liabilities 2,397 2,197 2,209 2,278

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% 0% 0% -0%
Return on equity (ROE) 1% 0% 1% -0%
Return on capital employed (ROCE) 1% 0% 0% -1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.19 0.11 0.11 0.14
Current Ratio 0.37 0.47 0.57 0.53
Quick ratio 0.36 0.47 0.57 0.52
Turnover ratios
Asset turnover 0.14 0.14 0.13 0.12
Fixed asset turnover 0.15 0.15 0.14 0.13
Equity turnover 0.17 0.16 0.15 0.15
Profitability ratios
EBITDA margin 75% 70% 63% 63%
Operating profit margin 5% 1% 3% -7%
Net profit margin 5% 1% 4% -2%
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

Expectations of the municipal

About the company

  • Official nameUAB „Telšių šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code180373788
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionTelšiai district municipality
  • Share belonging to the Municipal99.8%
https://telsiust.lt
ROE

-0.3%

Number of employees

3

Financial data provided as at end-December 2022