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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Busturas“ was registered on December 18, 1990. The main activity of the company is to carry passengers by established routes of local (urban and suburban), long distance and charter trips. Other services include technical assistance on the road for other cars, buses, renting buses for special occasions, events, excursions; renting advertising spaces in the buses, on the buses and other places.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 9,094 8,984 5,758 5,641
Cost of goods sold 6,076 5,862 3,806 4,002
Gross profit (loss) 3,018 3,123 1,952 1,639
Gross profit margin 33% 35% 34% 29%
Operating expenses 2,725 2,687 1,948 1,678
Operating profit (loss) 293 436 4 -39
Operating profit margin 3% 5% 0% -1%
EBITDA 1,010 1,009 587 523
EBITDA margin 11% 11% 10% 9%
Net profit (loss) 276 390 29 6
Net profit margin 3% 4% 0% 0%

Balance sheet

2018 2019 2020 2021
Non-current assets 4,503 6,968 6,453 5,624
Intangible assets 23 14 8 29
Tangible assets 4,480 6,954 6,446 5,595
Financial assets
Other non-current assets
Current assets 2,348 1,853 2,136 2,236
Inventories and prepaid expenses 230 232 348 330
Accounts receivable in one year 854 760 476 521
Other current assets
Cash and cash equivalents 1,264 861 1,313 1,385
Total assets 6,913 8,870 8,632 7,904
Equity 3,015 3,405 3,433 3,439
Grants and subsidies 1,424 3,367 2,963 2,585
Liabilities 2,470 2,091 2,224 1,869
Financial liabilities 1,071 946 765 415
Long-term liabilities 794 715 806 415
Short-term liabilities 1,676 1,377 1,418 1,454
Equity and liabilities 6,913 8,870 8,632 7,904

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 4% 5% 0% 0%
Return on equity (ROE) 10% 12% 1% 0%
Return on capital employed (ROCE) 12% 12% 2% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.36 0.28 0.22 0.12
Current Ratio 1.40 1.35 1.51 1.54
Quick ratio 1.26 1.18 1.26 1.31
Turnover ratios
Asset turnover 1.39 1.14 0.66 0.68
Fixed asset turnover 2.21 1.57 0.86 0.93
Equity turnover 3.16 2.80 1.68 1.64
Profitability ratios
EBITDA margin 11% 11% 10% 9%
Operating profit margin 3% 5% 0% -1%
Net profit margin 3% 4% 0% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Busturas“
  • Legal formPrivate limited liability company (UAB)
  • Company code144127993
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionŠiauliai city municipality
  • Share belonging to the Municipal100%
https://busturas.lt/lt/
ROE

0.2%

Number of employees

316

Financial data provided as at end-December 2021