• English
  • Lithuanian
Valdymo koordinavimo centras Governance Coordination Centre

Indirectly Owned State Enterprises

Vilnius CHP plant is the only power plant in Lithuania that has both biofuel and waste boilers to produce heat and electricity. The CHP plant is capable of supplying almost half of Vilnius with heat energy and will recycle municipal waste from the capital and Utena that is not recyclable. Date of establishment and register: 9 November 2015.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 119 20,834 42,283
Cost of goods sold 3,530 5,492
Gross profit (loss) 119 17,304 36,791
Gross profit margin % 100% 83% 87%
Operating expenses 1,307 3,389 10,085 18,256
Operating profit (loss) -1,307 -3,270 7,219 18,535
Operating profit margin % -2748% 35% 44%
EBITDA -1,216 -3,096 9,944 25,015
EBITDA margin % -2602% 48% 59%
Net profit (loss) -1,082 -2,803 12,439 18,171
Net profit margin % -2355% 60% 43%
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 238,940 270,390 297,487 352,503
Intangible assets 247 934 4,074 3,737
Tangible assets 238,360 268,267 285,976 337,972
Financial assets 100 205 379
Other non-current assets 333 1,089 7,232 10,415
Biological assets
Current assets 538 31,592 19,480 15,466
Inventories and prepaid expenses 1 1 418 3,246
Accounts receivable in one year 265 1,646 5,322 5,511
Other current assets 5 2,922
Cash and cash equivalents 267 27,023 13,740 6,709
Total assets 239,478 302,052 317,152 368,115
Equity 38,427 46,938 60,092 76,840
Minority share of capital
Grants and subsidies 89,245 107,774 112,019 124,811
Liabilities 111,806 147,147 144,912 166,359
Financial liabilities 109,440 140,541 140,241 155,089
Long-term liabilities 100,428 139,957 135,585 126,434
Short-term liabilities 11,378 7,188 9,315 39,922
Equity and liabilities 239,478 302,052 317,152 368,115
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) -0% -1% 4% 5%
Return on equity (ROE) -3% -7% 23% 27%
Return on capital employed (ROCE) -1% -2% 5% 12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 2.85 2.99 2.33 2.02
Current Ratio 0.05 4.40 2.09 0.39
Quick ratio 0.05 4.39 2.05 0.31
Turnover ratios
Asset turnover 0.00 0.07 0.12
Fixed asset turnover 0.00 0.07 0.13
Equity turnover 0.00 0.39 0.62
Profitability ratios
EBITDA margin % -2602% 48% 59%
Operating profit margin % -2748% 35% 44%
Net profit margin % -2355% 60% 43%
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 Vilniaus kogeneracinė jėgainė
  • Company code303782367
  • SectorEnergy
  • Line of businessBiofuels and municipal waste incinerators
  • Accountability„Ignitis grupė“ group of companies
  • Share indirectly belonging to the State100%
https://www.vkj.lt/
ROE

26.5%

Number of employees

102

Financial data provided as at end-December 2022

Management

  • Mantas BurokasChief Executive Officer

Information as of: 2024/06/03

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Mantas MikalajūnasAB Ignitis grupė; AB Ignitis gamyba; UAB Ignitis; UAB Kauno kogeneracinė jėgainė

MEMBERS OF THE BOARD OF DIRECTORS

  • Paul Kęstutis DainoraIndependent member; Air Liquide Global E&C Solutions Germany GmbH; Thyssenkrupp nucera AG & Co. KGaA
  • Jonas RimavičiusAB Ignitis grupė; UAB Ignitis renewables; UAB Vilniaus kogeneracinė jėgainė; UAB Ignitis renewables offshore develpment; UAB Ignitis renewables projektai 5; UAB Ignitis renewables projektai 6

Information as of: 2024/06/03