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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Visagino energija was registered in 2002. The company provides a complex of centrally supplied energy resources to Visaginas municipality consumers: heat energy (production and supply of heat, steam and hot water), cold water (production, preparation and supply of drinking cold water) and wastewater treatment services. The company has experience in all areas of energy supply, purchase and sale and is the only company of this type in Lithuania.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 13,877 12,510 10,788 13,838
Cost of goods sold 11,120 10,747 9,596 11,280
Gross profit (loss) 2,757 1,763 1,192 2,558
Gross profit margin 20% 14% 11% 18%
Operating expenses 1,667 1,420 1,973 945
Operating profit (loss) 1,090 342 -781 1,613
Operating profit margin 8% 3% -7% 12%
EBITDA 2,431 1,678 2,246 3,083
EBITDA margin 18% 13% 21% 22%
Net profit (loss) 1,073 507 278 1,462
Net profit margin 8% 4% 3% 11%
Revenue
Cost of goods sold
Gross profit (loss)
Gross profit margin
Operating expenses
Operating profit (loss)
Operating profit margin
EBITDA
EBITDA margin
Net profit (loss)
Net profit margin

Balance sheet

2018 2019 2020 2021
Non-current assets 40,298 29,152 29,061 27,403
Intangible assets 0 2 3 0
Tangible assets 39,982 28,731 28,653 27,075
Financial assets
Other non-current assets 316 419 406 327
Current assets 7,922 7,434 8,185 11,069
Inventories and prepaid expenses 4,025 3,919 3,493 3,946
Accounts receivable in one year 3,147 2,445 2,249 3,559
Other current assets 1,000
Cash and cash equivalents 751 1,070 2,443 2,564
Total assets 48,227 36,598 37,253 38,486
Equity 25,420 21,370 21,647 23,109
Grants and subsidies 20,023 12,762 12,823 12,020
Liabilities 2,782 2,247 2,779 3,353
Financial liabilities 433 523 675 1,080
Long-term liabilities 96 311 209 598
Short-term liabilities 2,656 1,795 2,353 2,537
Equity and liabilities 48,227 36,598 37,253 38,486
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Biological assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Minority share of capital
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 1% 1% 4%
Return on equity (ROE) 4% 2% 1% 7%
Return on capital employed (ROCE) 5% 2% 2% 9%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.02 0.02 0.03 0.05
Current Ratio 2.98 4.14 3.48 4.36
Quick ratio 1.47 1.96 1.99 2.81
Turnover ratios
Asset turnover 0.29 0.29 0.29 0.37
Fixed asset turnover 0.34 0.36 0.37 0.49
Equity turnover 0.56 0.53 0.50 0.62
Profitability ratios
EBITDA margin 18% 13% 21% 22%
Operating profit margin 8% 3% -7% 12%
Net profit margin 8% 4% 3% 11%
Other ratios
Dividends to the Municipality
Dividends paid / net profit
Capital return ratios
Return on assets (ROA)
Return on equity (ROE)
Return on capital employed (ROCE)
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio
Quick ratio
Turnover ratios
Asset turnover
Fixed asset turnover
Equity turnover
Profitability ratios
EBITDA margin
Operating profit margin
Net profit margin
Other ratios
Dividends to the State
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameVĮ „Visagino energija“
  • Legal formPrivate limited liability company (UAB)
  • Company code110087517
  • SectorOther
  • Line of businessDistribution of thermal energy and water; wastewater treatment
  • Representing institutionVisaginas municipality
  • Share belonging to the Municipal100%
http://www.visaginoenergija.lt/

Financial data provided as at end-December 2021