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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

2018 2019 2020 2021
Revenue 1,028 1,106 967 1,258
Cost of goods sold 852 892 650 865
Gross profit (loss) 176 214 317 393
Gross profit margin 17% 19% 33% 31%
Operating expenses 226 206 312 411
Operating profit (loss) -51 8 5 -18
Operating profit margin -5% 1% 1% -1%
EBITDA 207 257 134 143
EBITDA margin 20% 23% 14% 11%
Net profit (loss) -61 -18 -3 8
Net profit margin -6% -2% -0% 1%

* Left axis

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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 1,960 1,751 1,714 1,674
Intangible assets 2
Tangible assets 885 646 548 496
Financial assets 1,075 1,105 1,166 1,176
Other non-current assets
Current assets 290 342 319 358
Inventories and prepaid expenses 134 153 120 27
Accounts receivable in one year 155 188 184 236
Other current assets
Cash and cash equivalents 0 1 15 95
Total assets 2,250 2,093 2,033 2,032
Equity 1,002 958 955 962
Grants and subsidies 232 147 88 133
Liabilities 1,016 988 991 934
Financial liabilities 420 384 423 379
Long-term liabilities 60 173 162 114
Short-term liabilities 956 815 829 820
Equity and liabilities 2,250 2,093 2,033 2,032

* 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) -3% -1% -0% 0%
Return on equity (ROE) -6% -2% -0% 1%
Return on capital employed (ROCE) -5% 2% 3% 9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.42 0.40 0.44 0.39
Current Ratio 0.30 0.42 0.39 0.44
Quick ratio 0.16 0.23 0.24 0.40
Turnover ratios
Asset turnover 0.44 0.51 0.47 0.62
Fixed asset turnover 0.50 0.60 0.56 0.74
Equity turnover 1.02 1.13 1.01 1.31
Profitability ratios
EBITDA margin 20% 23% 14% 11%
Operating profit margin -5% 1% 1% -1%
Net profit margin -6% -2% -0% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

* Left axis

** Right axis

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

Financial statments

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 belonging to the Municipal99.7%
www.trakusilumostinklai.lt
ROE

0.8%

Number of employees

34

Financial data provided as at end-December 2021