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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Trakų šilumos tinklai was registered on October 31, 2000. Main activities of the company – production and supply of heat, operation of boiler plants and maintenance of internal heating systems.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 1,106 967 1,258 1,941
Cost of goods sold 892 650 865 1,585
Gross profit (loss) 214 317 393 356
Gross profit margin 19% 33% 31% 18%
Operating expenses 206 312 411 312
Operating profit (loss) 8 5 -18 44
Operating profit margin 1% 1% -1% 2%
EBITDA 257 134 143 96
EBITDA margin 23% 14% 11% 5%
Net profit (loss) -18 -3 8 9
Net profit margin -2% -0% 1% 0%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 1,751 1,714 1,674 1,682
Intangible assets 2 2
Tangible assets 646 548 496 485
Financial assets 1,105 1,166 1,176 1,196
Other non-current assets
Current assets 342 319 358 473
Inventories and prepaid expenses 153 120 27 91
Accounts receivable in one year 188 184 236 314
Other current assets
Cash and cash equivalents 1 15 95 68
Total assets 2,093 2,033 2,032 2,157
Equity 958 955 962 971
Grants and subsidies 147 88 133 124
Liabilities 988 991 934 1,059
Financial liabilities 384 423 379 315
Long-term liabilities 173 162 114 63
Short-term liabilities 815 829 820 996
Equity and liabilities 2,093 2,033 2,032 2,157

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -1% -0% 0% 0%
Return on equity (ROE) -2% -0% 1% 1%
Return on capital employed (ROCE) 1% 0% -2% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.21 0.19 0.15
Current Ratio 0.42 0.39 0.44 0.48
Quick ratio 0.23 0.24 0.40 0.38
Turnover ratios
Asset turnover 0.53 0.48 0.62 0.90
Fixed asset turnover 0.63 0.56 0.75 1.15
Equity turnover 1.15 1.01 1.31 2.00
Profitability ratios
EBITDA margin 23% 14% 11% 5%
Operating profit margin 1% 1% -1% 2%
Net profit margin -2% -0% 1% 0%
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

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB Trakų šilumos tinklai
  • Legal formPrivate limited liability company (UAB)
  • Company code181121797
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionTrakai district municipality
  • Share indirectly belonging to the Municipal0%
https://trakusilumostinklai.lt
ROE

0.9%

Number of employees

34

Financial data provided as at end-December 2022

Management

  • Jonas ŽidelisChief Executive Officer

Information as of: 2023/04/30