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
| 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%
ROE
-17.1%
Number of employees
46
Financial data provided as at end-December 2021
