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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

2018 2019 2020 2021
Revenue 334 336 309 291
Cost of goods sold 255 239 215 194
Gross profit (loss) 79 97 93 98
Gross profit margin 24% 29% 30% 34%
Operating expenses 60 80 90 89
Operating profit (loss) 19 18 3 8
Operating profit margin 6% 5% 1% 3%
EBITDA 272 253 215 199
EBITDA margin 81% 75% 70% 68%
Net profit (loss) 22 16 3 10
Net profit margin 7% 5% 1% 4%

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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 2,540 2,305 2,094 2,092
Intangible assets 1 0 0
Tangible assets 2,524 2,289 2,078 2,076
Financial assets 15 15 15 15
Other non-current assets
Current assets 69 92 103 117
Inventories and prepaid expenses 1 1 2 1
Accounts receivable in one year 13 23 13 10
Other current assets
Cash and cash equivalents 55 68 89 106
Total assets 2,609 2,397 2,197 2,209
Equity 1,905 1,921 1,924 1,935
Grants and subsidies
Liabilities 704 476 272 274
Financial liabilities 676 450 245 248
Long-term liabilities 441 225 55 70
Short-term liabilities 263 251 217 204
Equity and liabilities 2,609 2,397 2,197 2,209

* 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) 1% 1% 0% 0%
Return on equity (ROE) 1% 1% 0% 1%
Return on capital employed (ROCE) 2% 2% 0% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.35 0.23 0.13 0.13
Current Ratio 0.26 0.37 0.47 0.57
Quick ratio 0.26 0.36 0.47 0.57
Turnover ratios
Asset turnover 0.12 0.13 0.13 0.13
Fixed asset turnover 0.13 0.14 0.14 0.14
Equity turnover 0.18 0.18 0.16 0.15
Profitability ratios
EBITDA margin 81% 75% 70% 68%
Operating profit margin 6% 5% 1% 3%
Net profit margin 7% 5% 1% 4%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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 „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

0.5%

Number of employees

3

Financial data provided as at end-December 2021