Varėnos šiluma
UAB Varėnos šiluma was established on April 28, 2000. Main activities of the company – production and supply of heat and hot water in Varėna district.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 2,074 | 2,670 | 3,594 | 3,764 |
| Cost of goods sold | 1,908 | 2,371 | 3,310 | 3,509 |
| Gross profit (loss) | 166 | 300 | 283 | 255 |
| Gross profit margin | 8% | 11% | 8% | 7% |
| Operating expenses | 263 | 335 | 383 | 325 |
| Operating profit (loss) | -97 | -35 | -99 | -70 |
| Operating profit margin | -5% | -1% | -3% | -2% |
| EBITDA | 422 | 517 | 389 | 729 |
| EBITDA margin | 20% | 19% | 11% | 19% |
| Net profit (loss) | 37 | 156 | 60 | 354 |
| Net profit margin | 2% | 6% | 2% | 9% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 4,616 | 4,266 | 3,868 | 3,544 |
| Intangible assets | 10 | 7 | 8 | 3 |
| Tangible assets | 4,606 | 4,259 | 3,860 | 3,541 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 1,396 | 1,738 | 2,152 | 2,253 |
| Inventories and prepaid expenses | 439 | 552 | 669 | 570 |
| Accounts receivable in one year | 549 | 708 | 937 | 757 |
| Other current assets | ||||
| Cash and cash equivalents | 407 | 479 | 547 | 927 |
| Total assets | 6,015 | 6,008 | 6,023 | 5,801 |
| Equity | 3,172 | 3,327 | 3,387 | 3,741 |
| Grants and subsidies | 1,600 | 1,448 | 1,305 | 1,109 |
| Liabilities | 1,242 | 1,233 | 1,331 | 951 |
| Financial liabilities | 468 | 415 | 379 | 33,582 |
| Long-term liabilities | 140 | 252 | 192 | 34 |
| Short-term liabilities | 1,102 | 980 | 1,139 | 917 |
| Equity and liabilities | 6,015 | 6,008 | 6,023 | 5,801 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 1% | 3% | 1% | 6% |
| Return on equity (ROE) | 1% | 5% | 2% | 10% |
| Return on capital employed (ROCE) | -3% | -1% | -3% | -2% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.08 | 0.07 | 0.06 | 5.79 |
| Current Ratio | 1.27 | 1.77 | 1.89 | 2.46 |
| Quick ratio | 0.87 | 1.21 | 1.30 | 1.84 |
| Turnover ratios | ||||
| Asset turnover | 0.34 | 0.44 | 0.60 | 0.65 |
| Fixed asset turnover | 0.45 | 0.63 | 0.93 | 1.06 |
| Equity turnover | 0.65 | 0.80 | 1.06 | 1.01 |
| Profitability ratios | ||||
| EBITDA margin | 20% | 19% | 11% | 19% |
| Operating profit margin | -5% | -1% | -3% | -2% |
| Net profit margin | 2% | 6% | 2% | 9% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameUAB „Varėnos šiluma“
- Legal formPrivate limited liability company (UAB)
- Company code184827583
- SectorHeating networks
- Line of businessHeat networks
- Representing institutionVarėna district municipality
- Share indirectly belonging to the Municipal0%
ROE
9.9%
Number of employees
77
Financial data provided as at end-December 2023
Management
- Jonas EndrikisChief Executive Officer
Information as of: 2024/04/30
