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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

2019 2020 2021 2022
Revenue 7,174 29,106 59,371
Cost of goods sold 2,197 9,673 13,356
Gross profit (loss) 4,977 19,433 46,015
Gross profit margin % 69% 67% 78%
Operating expenses 1,588 4,532 12,241 17,572
Operating profit (loss) -1,588 445 7,192 28,443
Operating profit margin % 6% 25% 48%
EBITDA -1,560 2,863 13,109 36,929
EBITDA margin % 40% 45% 62%
Net profit (loss) -1,590 -522 7,225 29,323
Net profit margin % -7% 25% 49%
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 2021 2022
Non-current assets 103,199 141,940 139,423 141,498
Intangible assets 1 2,149 2,091 1,912
Tangible assets 102,592 137,672 133,303 127,733
Financial assets 905 773 612
Other non-current assets 606 1,214 3,256 11,241
Biological assets
Current assets 8,622 17,473 26,932 56,420
Inventories and prepaid expenses 2,045 8,685 17,471
Accounts receivable in one year 845 2,101 3,066 7,155
Other current assets 1,056
Cash and cash equivalents 7,777 13,327 14,125 31,794
Total assets 111,821 159,437 166,392 197,987
Equity 37,520 36,999 44,222 77,916
Minority share of capital
Grants and subsidies
Liabilities 74,301 122,252 122,135 119,845
Financial liabilities 61,088 115,101 110,361 108,175
Long-term liabilities 61,072 114,737 12 100,833
Short-term liabilities 13,224 5,434 115,607 9,900
Equity and liabilities 111,821 159,437 166,392 197,987
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

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -1% -0% 4% 16%
Return on equity (ROE) -4% -1% 18% 48%
Return on capital employed (ROCE) -3% 1% 28% 33%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.63 3.11 2.50 1.39
Current Ratio 0.65 3.22 0.23 5.70
Quick ratio 0.65 2.84 0.16 3.93
Turnover ratios
Asset turnover 0.05 0.18 0.33
Fixed asset turnover 0.06 0.21 0.42
Equity turnover 0.19 0.72 0.97
Profitability ratios
EBITDA margin % 40% 45% 62%
Operating profit margin % 6% 25% 48%
Net profit margin % -7% 25% 49%
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

48.0%

Number of employees

41

Financial data provided as at end-December 2022

Management

  • Ramūnas PaškauskasChief Executive Officer

Information as of: 2024/05/02

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • -

MEMBERS OF THE BOARD OF DIRECTORS

  • Mantas BartuškaIndependent Member; Kaunas university of technology
  • Mantas MikalajūnasAB Ignitis grupė; AB Ignitis gamyba; UAB Ignitis; UAB Vilniaus kogeneracinė jėgainė
  • Vitalijus ŽutaUAB GREN Lietuva

Information as of: 2024/05/02