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
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Revenue | 2,425 | 2,365 | 2,074 | 2,670 |
Cost of goods sold | 2,319 | 2,247 | 1,908 | 2,371 |
Gross profit (loss) | 106 | 117 | 166 | 300 |
Gross profit margin | 4% | 5% | 8% | 11% |
Operating expenses | 254 | 267 | 263 | 335 |
Operating profit (loss) | -148 | -149 | -97 | -35 |
Operating profit margin | -6% | -6% | -5% | -1% |
EBITDA | 424 | 320 | 422 | 517 |
EBITDA margin | 17% | 14% | 20% | 19% |
Net profit (loss) | 13 | -69 | 37 | 156 |
Net profit margin | 1% | -3% | 2% | 6% |
Balance sheet
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Non-current assets | 5,512 | 5,034 | 4,616 | 4,266 |
Intangible assets | 2 | 4 | 10 | 7 |
Tangible assets | 5,509 | 5,029 | 4,606 | 4,259 |
Financial assets | 1 | 1 | ||
Other non-current assets | ||||
Current assets | 1,205 | 981 | 1,396 | 1,738 |
Inventories and prepaid expenses | 517 | 488 | 439 | 552 |
Accounts receivable in one year | 615 | 467 | 549 | 708 |
Other current assets | ||||
Cash and cash equivalents | 73 | 26 | 407 | 479 |
Total assets | 6,720 | 6,017 | 6,015 | 6,008 |
Equity | 3,101 | 3,033 | 3,172 | 3,327 |
Grants and subsidies | 1,905 | 1,750 | 1,600 | 1,448 |
Liabilities | 1,713 | 1,235 | 1,242 | 1,233 |
Financial liabilities | 933 | 585 | 468 | 415 |
Long-term liabilities | 946 | 718 | 140 | 252 |
Short-term liabilities | 767 | 516 | 1,102 | 980 |
Equity and liabilities | 6,720 | 6,017 | 6,015 | 6,008 |
Financial ratios
2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | 0% | -1% | 1% | 3% |
Return on equity (ROE) | 0% | -2% | 1% | 5% |
Return on capital employed (ROCE) | 1% | -2% | 2% | 7% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.30 | 0.19 | 0.15 | 0.12 |
Current Ratio | 1.57 | 1.90 | 1.27 | 1.77 |
Quick ratio | 0.90 | 0.95 | 0.87 | 1.21 |
Turnover ratios | ||||
Asset turnover | 0.35 | 0.37 | 0.34 | 0.44 |
Fixed asset turnover | 0.42 | 0.45 | 0.43 | 0.60 |
Equity turnover | 0.78 | 0.77 | 0.67 | 0.82 |
Profitability ratios | ||||
EBITDA margin | 17% | 14% | 20% | 19% |
Operating profit margin | -6% | -6% | -5% | -1% |
Net profit margin | 1% | -3% | 2% | 6% |
Other ratios | ||||
Dividends to the Municipality | ||||
Dividends paid / net profit |
Financial statments
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 belonging to the Municipal99.6%
ROE
4.8%
Number of employees
78
Financial data provided as at end-December 2021