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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

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

2018 2019 2020 2021
Revenue 908 829 452 577
Cost of goods sold 615 537 160 334
Gross profit (loss) 293 292 293 244
Gross profit margin 32% 35% 65% 42%
Operating expenses 333 319 353 280
Operating profit (loss) -40 -27 -60 -36
Operating profit margin -4% -3% -13% -6%
EBITDA -11 35 17 90
EBITDA margin -1% 4% 4% 16%
Net profit (loss) -42 -15 -42 -27
Net profit margin -5% -2% -9% -5%

Balance sheet

2018 2019 2020 2021
Non-current assets 278 221 540 897
Intangible assets 2 1 0 2
Tangible assets 275 220 540 895
Financial assets
Other non-current assets
Current assets 141 78 200 153
Inventories and prepaid expenses 31 20 23 26
Accounts receivable in one year 67 27 145 79
Other current assets
Cash and cash equivalents 44 32 32 48
Total assets 427 307 752 1,062
Equity 134 119 77 238
Grants and subsidies
Liabilities 292 187 675 824
Financial liabilities 89 48 295 617
Long-term liabilities 48 29 324 584
Short-term liabilities 245 158 351 240
Equity and liabilities 427 307 752 1,062

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -11% -4% -8% -3%
Return on equity (ROE) -27% -12% -43% -17%
Return on capital employed (ROCE) -45% -17% -19% -4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.67 0.40 3.81 2.59
Current Ratio 0.58 0.50 0.57 0.64
Quick ratio 0.45 0.37 0.50 0.53
Turnover ratios
Asset turnover 2.40 2.26 0.85 0.64
Fixed asset turnover 3.84 3.33 1.19 0.80
Equity turnover 5.84 6.54 4.60 3.66
Profitability ratios
EBITDA margin -1% 4% 4% 16%
Operating profit margin -4% -3% -13% -6%
Net profit margin -5% -2% -9% -5%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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%
www.birzuap.lt
ROE

-17.1%

Number of employees

46

Financial data provided as at end-December 2021