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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

The Government has recognized the Kauno kogeneracinė jėgainė project as an important economic project for the state. The state-owned energy group Lietuvos Energija owns 51% of the shares of the Kauno kogeneracinė jėgainė. The plant will be operational in the autumn of 2019, and commercial activity should begin fully in 2020.

Financial results

P/L Statment

2019 2020
Revenue 7,098
Cost of goods sold 7,416
Gross profit (loss) -318
Gross profit margin % -4%
Operating expenses 1,588
Operating profit (loss) -1,588 -318
Operating profit margin % -4%
EBITDA -1,560 2,176
EBITDA margin % 31%
Net profit (loss) -1,590 -1,209
Net profit margin % -17%
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

2019 2020
Non-current assets 103,199 144,562
Intangible assets 1 4,771
Tangible assets 102,592 138,886
Financial assets
Other non-current assets 606 905
Biological assets
Current assets 8,622 15,561
Inventories and prepaid expenses 107
Accounts receivable in one year 845 2,127
Other current assets
Cash and cash equivalents 7,777 13,327
Total assets 111,821 160,123
Equity 37,520 36,999
Minority share of capital
Grants and subsidies
Liabilities 74,301 123,124
Financial liabilities 61,088 114,752
Long-term liabilities 61,072 114,737
Short-term liabilities 13,224 8,375
Equity and liabilities 111,821 160,123
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

2019 2020
Capital return ratios
Return on assets (ROA) -3% -1%
Return on equity (ROE) -8% -3%
Return on capital employed (ROCE) -3% -0%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.63 3.10
Current Ratio 0.65 1.86
Quick ratio 0.65 1.85
Turnover ratios
Asset turnover 0.05
Fixed asset turnover 0.06
Equity turnover 0.19
Profitability ratios
EBITDA margin % 31%
Operating profit margin % -4%
Net profit margin % -17%
Other ratios
Dividends to the State
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

About the company

  • Official nameUAB Kauno kogeneracinė jėgainė
  • Legal formPrivate limited liability company (UAB)
  • Company code303792888
  • SectorEnergy
  • Line of businessThermal power plant burning municipal waste
  • Accountability„Ignitis grupė“ group of companies
  • Share indirectly belonging to the State51%
https://kkj.lt/
ROE

-3.2%

Number of employees

38

Financial data provided as at end-December 2019