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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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
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
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
Long-term liabilities 16 12
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

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

299 EUR thousand

ROE

1.6%

Number of employees

67

Financial data provided as at end-December 2019

Management

  • Darius ŠinkūnasDirector General

Information as of: 2021/06/01

Supervisory board

CHAIRMAN OF THE SUPERVISORY BOARD

  • Romualda Serbentienė

Information as of: 2021/06/01