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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 418 334 336 309
Cost of goods sold 361 255 239 215
Gross profit (loss) 57 79 97 93
Gross profit margin 14% 24% 29% 30%
Operating expenses 55 60 80 90
Operating profit (loss) 3 19 18 3
Operating profit margin 1% 6% 5% 1%
EBITDA 352 272 253 215
EBITDA margin 84% 81% 75% 70%
Net profit (loss) 2 22 16 3
Net profit margin 1% 7% 5% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 2,781 2,540 2,305 2,094
Intangible assets 1 0 0
Tangible assets 2,766 2,524 2,289 2,078
Financial assets 15 15 15 15
Other non-current assets
Current assets 36 69 92 103
Inventories and prepaid expenses 1 1 1 2
Accounts receivable in one year 17 13 23 13
Other current assets
Cash and cash equivalents 18 55 68 89
Total assets 2,817 2,609 2,397 2,197
Equity 1,883 1,905 1,921 1,924
Grants and subsidies
Liabilities 934 704 476 272
Financial liabilities 676 450 244
Long-term liabilities 671 441 225 55
Short-term liabilities 263 263 251 217
Equity and liabilities 2,817 2,609 2,397 2,197

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 1% 1% 0%
Return on equity (ROE) 1% 1% 0%
Return on capital employed (ROCE) 2% 2% 0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.35 0.23 0.13
Current Ratio 0.26 0.37 0.47
Quick ratio 0.26 0.36 0.47
Turnover ratios
Asset turnover 0.12 0.13 0.13
Fixed asset turnover 0.13 0.14 0.14
Equity turnover 0.18 0.18 0.16
Profitability ratios
EBITDA margin 81% 75% 70%
Operating profit margin 6% 5% 1%
Net profit margin 7% 5% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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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%
www.www.telsiust.lt
ROE

0.2%

Number of employees

3

Financial data provided as at end-December 2019

Management

  • Jurgis StaševičiusDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Almantas Lukavičius

Information as of: 2021/06/01