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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

2019 2020 2021 2022
Revenue 457 1,239 2,786 3,411
Cost of goods sold 383 1,072 2,359 3,380
Gross profit (loss) 74 167 427 31
Gross profit margin 16% 13% 15% 1%
Operating expenses 77 289 327 341
Operating profit (loss) -4 -121 100 -310
Operating profit margin -1% -10% 4% -9%
EBITDA 139 137 314 3
EBITDA margin 30% 11% 11% 0%
Net profit (loss) -4 -77 41 -273
Net profit margin -1% -6% 1% -8%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 1,438 2,388 2,349 2,148
Intangible assets 3 3 2
Tangible assets 1,424 2,372 2,332 2,139
Financial assets 14 14 14 7
Other non-current assets 0 0
Current assets 858 651 1,135 1,346
Inventories and prepaid expenses 12 65 131 178
Accounts receivable in one year 775 383 697 1,049
Other current assets
Cash and cash equivalents 72 203 308 119
Total assets 2,296 3,048 3,490 3,499
Equity 2,275 2,433 2,474 2,201
Grants and subsidies 0 0
Liabilities 21 616 1,017 1,298
Financial liabilities 0 370 550 548
Long-term liabilities 250 210 210
Short-term liabilities 21 365 806 1,088
Equity and liabilities 2,296 3,048 3,490 3,499

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -0% -3% 1% -8%
Return on equity (ROE) -0% -3% 2% -12%
Return on capital employed (ROCE) -0% -5% 4% -13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.12 0.16 0.16
Current Ratio 40.03 1.78 1.41 1.24
Quick ratio 39.49 1.60 1.25 1.07
Turnover ratios
Asset turnover 0.20 0.41 0.80 0.97
Fixed asset turnover 0.32 0.52 1.19 1.59
Equity turnover 0.20 0.51 1.13 1.55
Profitability ratios
EBITDA margin 30% 11% 11% 0%
Operating profit margin -1% -10% 4% -9%
Net profit margin -1% -6% 1% -8%
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

* Left axis

** Right axis

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

Financial statments

2021 m. metinės ataskaitos
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 Municipal99.854%
https://vilkaviskiost.lt/
ROE

-11.7%

Number of employees

45

Financial data provided as at end-December 2022

Management

  • Edgaras BalšaitisChief Executive Officer

Information as of: 4/30/2023