Kauno kogeneracinė jėgainė
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 |
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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%
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: 2024/07/01
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: 2024/07/01
