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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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%

* Left axis

** Right axis

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

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

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

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

* Left axis

** Right axis

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

Financial statments

2020 m. metinės ataskaitos

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%
http://vsiluma.lt/
ROE

4.8%

Number of employees

78

Financial data provided as at end-December 2021