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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2017 2018 2019 2020
Revenue 6,735 6,829 6,541 5,908
Cost of goods sold 4,999 5,371 5,233 4,609
Gross profit (loss) 1,736 1,458 1,308 1,299
Gross profit margin 26% 21% 20% 22%
Operating expenses 1,111 1,119 1,269 1,284
Operating profit (loss) 625 339 39 15
Operating profit margin 9% 5% 1% 0%
EBITDA 2,185 1,850 2,048 1,235
EBITDA margin 32% 27% 31% 21%
Net profit (loss) 1,048 787 894 267
Net profit margin 16% 12% 14% 5%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 15,339 16,015 14,947 14,617
Intangible assets 11 35 57 43
Tangible assets 15,319 15,970 14,881 14,565
Financial assets 10 10 10 10
Other non-current assets 0 0 0 0
Current assets 6,676 6,222 7,172 7,270
Inventories and prepaid expenses 1,496 1,166 914 691
Accounts receivable in one year 1,041 1,231 1,033 1,274
Other current assets 0 0 0 0
Cash and cash equivalents 4,139 3,825 5,225 5,305
Total assets 22,024 22,247 22,128 21,898
Equity 15,975 16,542 16,836 16,633
Grants and subsidies 5,531 5,187 4,824 4,660
Liabilities 515 515 466 605
Financial liabilities 4 4 10 0
Long-term liabilities 16 12 0 0
Short-term liabilities 500 503 466 605
Equity and liabilities 22,024 22,247 22,128 21,898

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

Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 4% 4% 1%
Return on equity (ROE) 0% 5% 5% 2%
Return on capital employed (ROCE) 0% 8% 10% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 0.00 12.37 15.38 12.02
Quick ratio 0.00 10.05 13.42 10.88
Turnover ratios
Asset turnover 0.00 0.31 0.29 0.27
Fixed asset turnover 0.00 0.44 0.42 0.40
Equity turnover 0.00 0.42 0.39 0.35
Profitability ratios
EBITDA margin 0% 27% 31% 21%
Operating profit margin 0% 5% 1% 0%
Net profit margin 0% 12% 14% 5%
Other ratios
Dividends to the Municipality 0.00 597.42 467.98 298.71
Dividends paid / net profit 0.00 0.76 0.52 1.12

* Left axis

** Right axis

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


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Expectations of the municipal

Letter of Expectations

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 belonging to the Municipal99.57%
www.ust.lt
ROE

1.6%

Number of employees

67

Financial data provided as at end-December 2020