Biržų autobusų parkas
State owned Biržai Bus Fleet was established in 1992, and in 2003 it was re-registered as a Special Purpose Private Limited Liability Company UAB Biržų autobusų parkas. Main activities of the company are passenger transportation by road on local, long-distance and international routes according to contracts and orders as well as vehicle maintenance and repair, trade.
Financial results
P/L Statment
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Revenue | 452 | 577 | 762 | 856 |
| Cost of goods sold | 160 | 334 | 261 | 202 |
| Gross profit (loss) | 293 | 244 | 501 | 654 |
| Gross profit margin | 65% | 42% | 66% | 76% |
| Operating expenses | 280 | 186 | 352 | 348 |
| Operating profit (loss) | -60 | -37 | -60 | 93 |
| Operating profit margin | -13% | -6% | -8% | 11% |
| EBITDA | 17 | 90 | 105 | 248 |
| EBITDA margin | 4% | 16% | 14% | 29% |
| Net profit (loss) | -42 | -27 | -49 | 54 |
| Net profit margin | -9% | -5% | -6% | 6% |
Balance sheet
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Non-current assets | 540 | 897 | 1,262 | 1,161 |
| Intangible assets | 0 | 2 | 1 | 1 |
| Tangible assets | 540 | 895 | 1,261 | 1,160 |
| Financial assets | 0 | |||
| Other non-current assets | 0 | |||
| Current assets | 200 | 153 | 231 | 203 |
| Inventories and prepaid expenses | 23 | 26 | 32 | 30 |
| Accounts receivable in one year | 145 | 79 | 99 | 110 |
| Other current assets | 0 | |||
| Cash and cash equivalents | 32 | 48 | 100 | 63 |
| Total assets | 752 | 1,062 | 1,508 | 1,379 |
| Equity | 77 | 238 | 189 | 243 |
| Grants and subsidies | 0 | 77 | 69 | |
| Liabilities | 675 | 824 | 1,242 | 1,067 |
| Financial liabilities | 295 | 617 | 1,045 | 877 |
| Long-term liabilities | 324 | 584 | 913 | 711 |
| Short-term liabilities | 351 | 240 | 329 | 356 |
| Equity and liabilities | 752 | 1,062 | 1,508 | 1,379 |
Financial ratios
| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -8% | -3% | -4% | 4% |
| Return on equity (ROE) | -43% | -17% | -23% | 25% |
| Return on capital employed (ROCE) | -15% | -4% | -5% | 10% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.39 | 0.58 | 0.69 | 0.64 |
| Current Ratio | 0.57 | 0.64 | 0.70 | 0.57 |
| Quick ratio | 0.50 | 0.53 | 0.60 | 0.48 |
| Turnover ratios | ||||
| Asset turnover | 0.60 | 0.54 | 0.51 | 0.62 |
| Fixed asset turnover | 0.84 | 0.64 | 0.60 | 0.74 |
| Equity turnover | 5.85 | 2.43 | 4.02 | 3.52 |
| Profitability ratios | ||||
| EBITDA margin | 4% | 16% | 14% | 29% |
| Operating profit margin | -13% | -6% | -8% | 11% |
| Net profit margin | -9% | -5% | -6% | 6% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 | 0.00 |
Expectations of the municipal
About the company
- Official nameUAB Biržų autobusų parkas
- Legal formPrivate limited liability company (UAB)
- Company code154742789
- SectorPublic transport
- Line of businessPublic transport
- Representing institutionBiržai district municipality
- Share belonging to the Municipal100%
- Contacts https://birzuap.lt
ROE
24.8%
Number of employees
52
Financial data provided as at end-December 2023
Management
- Marius ŠernasChief Executive Officer
Information as of: 2024/04/30
