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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 829 | 452 | 577 | 762 |
| Cost of goods sold | 537 | 160 | 334 | 261 |
| Gross profit (loss) | 292 | 293 | 244 | 501 |
| Gross profit margin | 35% | 65% | 42% | 66% |
| Operating expenses | 319 | 280 | 186 | 352 |
| Operating profit (loss) | -27 | -60 | -37 | -60 |
| Operating profit margin | -3% | -13% | -6% | -8% |
| EBITDA | 35 | 17 | 90 | 105 |
| EBITDA margin | 4% | 4% | 16% | 14% |
| Net profit (loss) | -15 | -42 | -27 | -49 |
| Net profit margin | -2% | -9% | -5% | -6% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 221 | 540 | 897 | 1,262 |
| Intangible assets | 1 | 0 | 2 | 1 |
| Tangible assets | 220 | 540 | 895 | 1,261 |
| Financial assets | 0 | 0 | ||
| Other non-current assets | 0 | 0 | ||
| Current assets | 78 | 200 | 153 | 231 |
| Inventories and prepaid expenses | 20 | 23 | 26 | 32 |
| Accounts receivable in one year | 27 | 145 | 79 | 99 |
| Other current assets | 0 | |||
| Cash and cash equivalents | 32 | 32 | 48 | 100 |
| Total assets | 307 | 752 | 1,062 | 1,508 |
| Equity | 119 | 77 | 238 | 189 |
| Grants and subsidies | 0 | 77 | ||
| Liabilities | 187 | 675 | 824 | 1,242 |
| Financial liabilities | 48 | 295 | 617 | 1,045 |
| Long-term liabilities | 29 | 324 | 584 | 913 |
| Short-term liabilities | 158 | 351 | 240 | 329 |
| Equity and liabilities | 307 | 752 | 1,062 | 1,508 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | -4% | -8% | -3% | -4% |
| Return on equity (ROE) | -12% | -43% | -17% | -23% |
| Return on capital employed (ROCE) | -18% | -15% | -4% | -5% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.16 | 0.39 | 0.58 | 0.69 |
| Current Ratio | 0.50 | 0.57 | 0.64 | 0.70 |
| Quick ratio | 0.37 | 0.50 | 0.53 | 0.60 |
| Turnover ratios | ||||
| Asset turnover | 2.71 | 0.60 | 0.54 | 0.51 |
| Fixed asset turnover | 3.75 | 0.84 | 0.64 | 0.60 |
| Equity turnover | 6.96 | 5.85 | 2.43 | 4.02 |
| Profitability ratios | ||||
| EBITDA margin | 4% | 4% | 16% | 14% |
| Operating profit margin | -3% | -13% | -6% | -8% |
| Net profit margin | -2% | -9% | -5% | -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 |
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%
ROE
-22.8%
Number of employees
48
Financial data provided as at end-December 2022
Management
- Marius ŠernasChief Executive Officer
Information as of: 4/30/2023
