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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,358 2,425 2,365 2,074
Cost of goods sold 2,159 2,319 2,247 1,908
Gross profit (loss) 199 106 117 166
Gross profit margin 8% 4% 5% 8%
Operating expenses 242 254 267 263
Operating profit (loss) -43 -148 -149 -97
Operating profit margin -2% -6% -6% -5%
EBITDA 335 424 320 422
EBITDA margin 14% 17% 14% 20%
Net profit (loss) -65 13 -69 37
Net profit margin -3% 1% -3% 2%

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Balance sheet

2017 2018 2019 2020
Non-current assets 5,980 5,512 5,034 4,616
Intangible assets 5 2 4 10
Tangible assets 5,973 5,509 5,029 4,606
Financial assets 1 1 1 0
Other non-current assets 0 0 0 0
Current assets 1,216 1,205 981 1,396
Inventories and prepaid expenses 573 517 488 439
Accounts receivable in one year 592 615 467 549
Other current assets 0 0 0 0
Cash and cash equivalents 50 73 26 407
Total assets 7,200 6,720 6,017 6,015
Equity 3,088 3,101 3,033 3,172
Grants and subsidies 2,048 1,905 1,750 1,600
Liabilities 2,064 1,713 1,235 1,242
Financial liabilities 1,184 933 585 468
Long-term liabilities 1,233 946 718 140
Short-term liabilities 831 767 516 1,102
Equity and liabilities 7,200 6,720 6,017 6,015

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Financial ratios

2017 2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% 0% 0% 0%
Return on equity (ROE) 0% 0% 0% 0%
Return on capital employed (ROCE) 0% 1% -2% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.30 0.19 0.15
Current Ratio 0.00 1.57 1.90 1.27
Quick ratio 0.00 0.90 0.95 0.87
Turnover ratios
Asset turnover 0.00 0.35 0.37 0.34
Fixed asset turnover 0.00 0.42 0.45 0.43
Equity turnover 0.00 0.78 0.77 0.67
Profitability ratios
EBITDA margin 0% 17% 14% 20%
Operating profit margin 0% -6% -6% -5%
Net profit margin 0% 1% -3% 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

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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%
http://vsiluma.lt/
ROE

1.2%

Number of employees

81

Financial data provided as at end-December 2020