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
| 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 |
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| 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%
ROE
48.0%
Number of employees
41
Financial data provided as at end-December 2022
Management
- Ramūnas PaškauskasChief Executive Officer
Information as of: 2023/11/03
Board of Directors
CHAIRMAN OF THE BOARD OF DIRECTORS
- Andrius VilkauskasIndependent Member; Kaunas university of technology
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: 2023/11/03
