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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Ukmergės šiluma was registered on September 12, 1997. Main activities of the company – supply of hot water and heating. Company provides heating services for households, public institutions and businesses in Ukmergė district.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 4,013 3,735 3,102 4,682
Cost of goods sold 4,287 3,506 2,812 4,276
Gross profit (loss) -274 229 290 405
Gross profit margin -7% 6% 9% 9%
Operating expenses 268 625 301 321
Operating profit (loss) -541 -396 -12 84
Operating profit margin -13% -11% -0% 2%
EBITDA 85 100 545 479
EBITDA margin 2% 3% 18% 10%
Net profit (loss) -519 -729 44 32
Net profit margin -13% -20% 1% 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 4,049 4,403 4,563 4,432
Intangible assets 10 13 14 7
Tangible assets 3,978 4,314 4,468 4,386
Financial assets 61 76 82 39
Other non-current assets
Current assets 1,521 1,047 892 1,467
Inventories and prepaid expenses 225 150 92 170
Accounts receivable in one year 995 761 714 1,223
Other current assets
Cash and cash equivalents 302 136 86 74
Total assets 5,581 5,452 5,457 5,901
Equity 2,152 1,423 1,467 1,499
Grants and subsidies 721 580 671 634
Liabilities 2,708 3,448 3,318 3,767
Financial liabilities 2,125 3,019 2,778 2,564
Long-term liabilities 1,805 2,634 2,333 2,120
Short-term liabilities 904 814 985 1,648
Equity and liabilities 5,581 5,452 5,457 5,901

* 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) -9% -13% 1% 1%
Return on equity (ROE) -22% -41% 3% 2%
Return on capital employed (ROCE) -20% -19% 7% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.99 2.12 1.89 1.71
Current Ratio 1.68 1.29 0.91 0.89
Quick ratio 1.44 1.10 0.81 0.79
Turnover ratios
Asset turnover 0.69 0.68 0.57 0.82
Fixed asset turnover 1.07 0.88 0.69 1.04
Equity turnover 1.66 2.09 2.15 3.16
Profitability ratios
EBITDA margin 2% 3% 18% 10%
Operating profit margin -13% -11% -0% 2%
Net profit margin -13% -20% 1% 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

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Ukmergės šiluma“
  • Legal formPrivate limited liability company (UAB)
  • Company code182714850
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionUkmergė district municipality
  • Share belonging to the Municipal99.98%
https://ukmergessiluma.lt
ROE

2.2%

Number of employees

39

Financial data provided as at end-December 2021