Utenos šilumos tinklai
UAB Utenos šilumos tinklai was established on July 1, 1997 after reorganization of AB Lietuvos energija. Main activities of the company – production and supply of heat and hot water. Company has permission to generate electricity.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 5,908 | 6,449 | 10,372 | 11,124 |
| Cost of goods sold | 4,609 | 5,031 | 9,249 | 9,234 |
| Gross profit (loss) | 1,299 | 1,419 | 1,123 | 1,890 |
| Gross profit margin | 22% | 22% | 11% | 17% |
| Operating expenses | 1,141 | 1,153 | 1,351 | 1,418 |
| Operating profit (loss) | 15 | 148 | -351 | 345 |
| Operating profit margin | 0% | 2% | -3% | 3% |
| EBITDA | 1,235 | 1,656 | 1,168 | 1,684 |
| EBITDA margin | 21% | 26% | 11% | 15% |
| Net profit (loss) | 267 | 597 | 159 | 594 |
| Net profit margin | 5% | 9% | 2% | 5% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 14,617 | 13,878 | 14,119 | 13,467 |
| Intangible assets | 43 | 37 | 32 | 16 |
| Tangible assets | 14,565 | 13,831 | 14,077 | 13,451 |
| Financial assets | 10 | 10 | 10 | 0 |
| Other non-current assets | 0 | 0 | 0 | 0 |
| Current assets | 7,270 | 7,940 | 8,289 | 8,416 |
| Inventories and prepaid expenses | 691 | 689 | 1,323 | 1,286 |
| Accounts receivable in one year | 1,274 | 1,335 | 2,738 | 1,728 |
| Other current assets | 0 | 0 | ||
| Cash and cash equivalents | 5,305 | 5,916 | 4,228 | 5,402 |
| Total assets | 21,898 | 21,829 | 22,418 | 21,906 |
| Equity | 16,633 | 16,929 | 16,959 | 17,253 |
| Grants and subsidies | 4,660 | 4,277 | 3,843 | 3,449 |
| Liabilities | 605 | 621 | 1,615 | 1,202 |
| Financial liabilities | 0 | 0 | 0 | 0 |
| Long-term liabilities | 0 | 0 | 0 | 0 |
| Short-term liabilities | 605 | 621 | 1,615 | 1,202 |
| Equity and liabilities | 21,898 | 21,829 | 22,418 | 21,905 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 3% | 1% | 3% |
| Return on equity (ROE) | 2% | 4% | 1% | 3% |
| Return on capital employed (ROCE) | 0% | 1% | -2% | 2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Ratio | 12.02 | 12.79 | 5.13 | 7.00 |
| Quick ratio | 10.88 | 11.68 | 4.31 | 5.93 |
| Turnover ratios | ||||
| Asset turnover | 0.27 | 0.30 | 0.46 | 0.51 |
| Fixed asset turnover | 0.40 | 0.46 | 0.73 | 0.83 |
| Equity turnover | 0.36 | 0.38 | 0.61 | 0.64 |
| Profitability ratios | ||||
| EBITDA margin | 21% | 26% | 11% | 15% |
| Operating profit margin | 0% | 2% | -3% | 3% |
| Net profit margin | 5% | 9% | 2% | 5% |
| Other ratios | ||||
| Dividends to the Municipality | 298.71 | 129.48 | 0.00 | 0.00 |
| Dividends paid / net profit | 1.12 | 0.22 | 0.00 | 0.00 |
Financial statments
Expectations of the municipal
About the company
- Official nameUAB „Utenos šilumos tinklai“
- Legal formPrivate limited liability company (UAB)
- Company code183843314
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionUtena district municipality
- Share indirectly belonging to the Municipal0%
- Contacts https://ust.lt
ROE
3.5%
Number of employees
65
Financial data provided as at end-December 2023
Management
- Darius ŠinkūnasChief Executive Officer
Information as of: 2024/06/14
