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Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

One of the most modern cogeneration plants in the Baltic States, the Kaunas cogeneration plant converts household and non-hazardous industrial waste left over after sorting and unsuitable for recycling into electricity and heat. The plant can produce almost half of Kaunas’ heat needs. Date of establishment and register: 27 February 2015.

Financial results

P/L Statment

2020 2021 2022 2023
Revenue 7,174 29,106 59,371 53,563
Cost of goods sold 2,197 9,673 13,356 11,775
Gross profit (loss) 4,977 19,433 46,015 41,788
Gross profit margin 69% 67% 78% 78%
Operating expenses 0 0 0 0
Operating profit (loss) 445 7,192 28,443 29,781
Operating profit margin 6% 25% 48% 56%
EBITDA 2,863 13,109 34,411 35,762
EBITDA margin 40% 45% 58% 67%
Net profit (loss) -522 7,225 26,805 25,388
Net profit margin -7% 25% 45% 47%
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

2020 2021 2022 2023
Non-current assets 141,940 139,423 141,498 129,697
Intangible assets 2,149 2,091 1,912 1,743
Tangible assets 137,672 133,303 127,733 122,503
Financial assets 905 773 612 501
Other non-current assets 1,214 3,256 11,241 4,950
Current assets 17,473 26,932 56,420 49,326
Inventories and prepaid expenses 2,045 8,685 17,471 13,783
Accounts receivable in one year 2,101 3,066 7,155 8,488
Other current assets 0 1,056
Cash and cash equivalents 13,327 14,125 31,794 27,055
Total assets 159,437 166,392 197,987 179,110
Equity 36,999 44,222 77,916 69,392
Grants and subsidies 0
Liabilities 120,171 115,619 110,733 103,118
Financial liabilities 114,752 110,027 108,175 100,877
Long-term liabilities 114,737 12 100,833 93,529
Short-term liabilities 5,434 115,607 9,900 9,589
Equity and liabilities 159,437 166,392 197,987 179,110
Non-current assets
Intangible assets
Tangible assets
Financial assets
Other non-current assets
Current assets
Inventories and prepaid expenses
Accounts receivable in one year
Other current assets
Cash and cash equivalents
Total assets
Equity
Grants and subsidies
Liabilities
Financial liabilities
Long-term liabilities
Short-term liabilities
Equity and liabilities

Financial ratios

2020 2021 2022 2023
Capital return ratios
Return on assets (ROA) -0% 4% 15% 13%
Return on equity (ROE) -1% 18% 44% 34%
Return on capital employed (ROCE) 0% 16% 16% 18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.01 0.00 0.00
Current Ratio 3.22 0.23 5.70 5.14
Quick ratio 2.84 0.16 3.93 3.71
Turnover ratios
Asset turnover 0.04 0.17 0.30 0.30
Fixed asset turnover 0.05 0.21 0.42 0.41
Equity turnover 0.19 0.66 0.76 0.77
Profitability ratios
EBITDA margin 40% 45% 58% 67%
Operating profit margin 6% 25% 48% 56%
Net profit margin -7% 25% 45% 47%
Other ratios
Dividends to the State 0.00 0.00 14,905.26 12,310.89
Dividends paid / net profit 0.00 0.00 0.56 0.48
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%
  • Contacts https://kkj.lt/
Return to the State

12.3 EUR milion

ROE

34.5%

Number of employees

41

Financial data provided as at end-December 2023

Management

  • Ramūnas PaškauskasChief Executive Officer

Information as of: 2024/11/04

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Mantas BartuškaIndependent Member

MEMBERS OF THE BOARD OF DIRECTORS

  • Mantas MikalajūnasAB Ignitis grupė; AB Ignitis gamyba; UAB Ignitis; UAB Vilniaus kogeneracinė jėgainė
  • Vitalijus ŽutaUAB GREN Lietuva

Information as of: 2024/11/04