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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Vilkaviškio šilumos tinklai was registered on April 25, 2000. Main activities of the company – production and supply of heat.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 475 457 1,239 2,786
Cost of goods sold 401 383 1,072 2,359
Gross profit (loss) 75 74 167 427
Gross profit margin 16% 16% 13% 15%
Operating expenses 84 77 289 327
Operating profit (loss) -10 -4 -121 100
Operating profit margin -2% -1% -10% 4%
EBITDA 110 139 137 315
EBITDA margin 23% 30% 11% 11%
Net profit (loss) -40 -4 -77 41
Net profit margin -8% -1% -6% 1%

* 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 1,578 1,438 2,388 2,349
Intangible assets 3 3
Tangible assets 1,564 1,424 2,372 2,332
Financial assets 14 14 14 14
Other non-current assets
Current assets 727 858 651 1,135
Inventories and prepaid expenses 12 12 65 131
Accounts receivable in one year 650 775 383 697
Other current assets
Cash and cash equivalents 65 72 203 308
Total assets 2,306 2,296 3,048 3,490
Equity 2,279 2,275 2,433 2,474
Grants and subsidies
Liabilities 27 21 616 1,017
Financial liabilities 2 370 550
Long-term liabilities 250 210
Short-term liabilities 27 21 365 806
Equity and liabilities 2,306 2,296 3,048 3,490

* 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) -2% -0% -3% 1%
Return on equity (ROE) -2% -0% -3% 2%
Return on capital employed (ROCE) -3% -0% -5% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.15 0.22
Current Ratio 27.16 40.03 1.78 1.41
Quick ratio 26.71 39.49 1.60 1.25
Turnover ratios
Asset turnover 0.20 0.20 0.46 0.85
Fixed asset turnover 0.28 0.30 0.65 1.18
Equity turnover 0.21 0.20 0.53 1.14
Profitability ratios
EBITDA margin 23% 30% 11% 11%
Operating profit margin -2% -1% -10% 4%
Net profit margin -8% -1% -6% 1%
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

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Vilkaviškio šilumos tinklai“
  • Legal formPrivate limited liability company (UAB)
  • Company code185492166
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionVilkaviškis district municipality
  • Share belonging to the Municipal99.8%
https://vilkaviskiost.lt/
ROE

1.7%

Number of employees

44

Financial data provided as at end-December 2021