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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
Revenue 7,174 29,106
Cost of goods sold 2,197 9,673
Gross profit (loss) 4,977 19,433
Gross profit margin % 69% 67%
Operating expenses 1,588 4,532 12,241
Operating profit (loss) -1,588 445 7,192
Operating profit margin % 6% 25%
EBITDA -1,560 2,863 13,109
EBITDA margin % 40% 45%
Net profit (loss) -1,590 -522 7,225
Net profit margin % -7% 25%
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
Non-current assets 103,199 141,940 139,423
Intangible assets 1 2,149 2,091
Tangible assets 102,592 137,672 133,303
Financial assets 905 773
Other non-current assets 606 1,214 3,256
Biological assets
Current assets 8,622 17,473 26,932
Inventories and prepaid expenses 2,045 8,685
Accounts receivable in one year 845 2,101 3,066
Other current assets 1,056
Cash and cash equivalents 7,777 13,327 14,125
Total assets 111,821 159,437 166,392
Equity 37,520 36,999 44,222
Minority share of capital
Grants and subsidies
Liabilities 74,301 122,252 122,135
Financial liabilities 61,088 115,101 110,361
Long-term liabilities 61,072 114,737 12
Short-term liabilities 13,224 5,434 115,607
Equity and liabilities 111,821 159,437 166,392
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
Capital return ratios
Return on assets (ROA) -3% -0% 4%
Return on equity (ROE) -8% -1% 18%
Return on capital employed (ROCE) -3% 1% 28%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.63 3.11 2.50
Current Ratio 0.65 3.22 0.23
Quick ratio 0.65 2.84 0.16
Turnover ratios
Asset turnover 0.05 0.18
Fixed asset turnover 0.06 0.21
Equity turnover 0.19 0.72
Profitability ratios
EBITDA margin % 40% 45%
Operating profit margin % 6% 25%
Net profit margin % -7% 25%
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

17.8%

Number of employees

39

Financial data provided as at end-December 2021

Management

  • Ramūnas PaškauskasChief Executive Officer

Information as of: 2023/05/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Andrius VilkauskasIndependent Member

MEMBERS OF THE BOARD OF DIRECTORS

  • Mantas MikalajūnasAB Ignitis grupė
  • Vitalijus ŽutaUAB GREN Lietuva

Information as of: 2023/05/01