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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 82,907 140,878 129,997 107,505
Cost of goods sold 62,984 104,069 95,112 70,545
Gross profit (loss) 19,923 36,809 34,885 36,960
Gross profit margin 24% 26% 27% 34%
Operating expenses 28,324 32,886 29,435 31,643
Operating profit (loss) -8,401 3,923 5,450 5,317
Operating profit margin -10% 3% 4% 5%
EBITDA 2,706 14,792 15,364 17,301
EBITDA margin 3% 11% 12% 16%
Net profit (loss) -7,215 5,938 6,447 7,419
Net profit margin -9% 4% 5% 7%

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* Left axis

** Right axis

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

Balance sheet

2017 2018 2019 2020
Non-current assets 88,388 95,916 109,481 107,055
Intangible assets 388 358 315 254
Tangible assets 87,696 94,047 104,226 102,920
Financial assets 161 62 2,721 2,196
Other non-current assets 143 1,449 2,218 1,685
Current assets 36,950 45,026 31,967 41,221
Inventories and prepaid expenses 4,956 3,857 4,486 2,355
Accounts receivable in one year 27,395 36,333 21,811 22,283
Other current assets 172 194 169 247
Cash and cash equivalents 4,427 4,195 4,014 16,018
Total assets 125,338 140,942 141,447 148,276
Equity 92,413 96,063 99,873 108,571
Grants and subsidies 5,244 6,063 9,832 10,665
Liabilities 27,681 38,817 31,742 29,039
Financial liabilities 9,375 9,049 7,619 6,191
Long-term liabilities 4,357 7,958 8,636 6,851
Short-term liabilities 23,324 27,034 16,380 14,967
Equity and liabilities 125,338 140,942 141,447 148,276

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

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% 11% 10% 12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.09 0.08 0.06
Current Ratio 0.00 1.67 1.95 2.75
Quick ratio 0.00 1.52 1.68 2.60
Turnover ratios
Asset turnover 0.00 1.06 0.92 0.74
Fixed asset turnover 0.00 1.53 1.27 0.99
Equity turnover 0.00 1.49 1.33 1.03
Profitability ratios
EBITDA margin 0% 11% 12% 16%
Operating profit margin 0% 3% 4% 5%
Net profit margin 0% 4% 5% 7%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 4,972.00
Dividends paid / net profit 0.00 0.00 0.00 0.67

* Left axis

** Right axis

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


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Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameAB „Vilniaus šilumos tinklai“
  • Legal formPublic limited liability company (AB)
  • Company code124135580
  • SectorHeating networks
  • Line of businessHeat networks
  • Representing institutionVilnius city municipality
  • Share belonging to the Municipal99.44%
https://chc.lt/lt
ROE

7.1%

Number of employees

576

Financial data provided as at end-December 2020