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
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Revenue | 2,365 | 2,074 | 2,670 | 3,594 |
Cost of goods sold | 2,247 | 1,908 | 2,371 | 3,310 |
Gross profit (loss) | 117 | 166 | 300 | 283 |
Gross profit margin | 5% | 8% | 11% | 8% |
Operating expenses | 267 | 263 | 335 | 383 |
Operating profit (loss) | -149 | -97 | -35 | -99 |
Operating profit margin | -6% | -5% | -1% | -3% |
EBITDA | 320 | 422 | 517 | 389 |
EBITDA margin | 14% | 20% | 19% | 11% |
Net profit (loss) | -69 | 37 | 156 | 60 |
Net profit margin | -3% | 2% | 6% | 2% |
Balance sheet
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Non-current assets | 5,034 | 4,616 | 4,266 | 3,868 |
Intangible assets | 4 | 10 | 7 | 8 |
Tangible assets | 5,029 | 4,606 | 4,259 | 3,860 |
Financial assets | 1 | |||
Other non-current assets | ||||
Current assets | 981 | 1,396 | 1,738 | 2,152 |
Inventories and prepaid expenses | 488 | 439 | 552 | 669 |
Accounts receivable in one year | 467 | 549 | 708 | 937 |
Other current assets | ||||
Cash and cash equivalents | 26 | 407 | 479 | 547 |
Total assets | 6,017 | 6,015 | 6,008 | 6,023 |
Equity | 3,033 | 3,172 | 3,327 | 3,387 |
Grants and subsidies | 1,750 | 1,600 | 1,448 | 1,305 |
Liabilities | 1,235 | 1,242 | 1,233 | 1,331 |
Financial liabilities | 585 | 468 | 415 | 379 |
Long-term liabilities | 718 | 140 | 252 | 192 |
Short-term liabilities | 516 | 1,102 | 980 | 1,139 |
Equity and liabilities | 6,017 | 6,015 | 6,008 | 6,023 |
Financial ratios
2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|
Capital return ratios | ||||
Return on assets (ROA) | -1% | 1% | 3% | 1% |
Return on equity (ROE) | -2% | 1% | 5% | 2% |
Return on capital employed (ROCE) | -4% | -3% | -1% | -3% |
Capital structure and liquidity ratios | ||||
Debt / asset ratio (D/A) | 0.10 | 0.08 | 0.07 | 0.06 |
Current Ratio | 1.90 | 1.27 | 1.77 | 1.89 |
Quick ratio | 0.95 | 0.87 | 1.21 | 1.30 |
Turnover ratios | ||||
Asset turnover | 0.39 | 0.34 | 0.44 | 0.60 |
Fixed asset turnover | 0.47 | 0.45 | 0.63 | 0.93 |
Equity turnover | 0.78 | 0.65 | 0.80 | 1.06 |
Profitability ratios | ||||
EBITDA margin | 14% | 20% | 19% | 11% |
Operating profit margin | -6% | -5% | -1% | -3% |
Net profit margin | -3% | 2% | 6% | 2% |
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 |
Financial statments
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
1.8%
Number of employees
83
Financial data provided as at end-December 2022
Management
- Jonas EndrikisChief Executive Officer
Information as of: 2023/04/30