Busturas
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
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Revenue | 8,984 | 5,758 | 5,641 | 7,418 |
| Cost of goods sold | 5,862 | 3,806 | 4,002 | 4,995 |
| Gross profit (loss) | 3,123 | 1,952 | 1,639 | 2,423 |
| Gross profit margin | 35% | 34% | 29% | 33% |
| Operating expenses | 834 | 578 | 521 | 675 |
| Operating profit (loss) | 436 | 4 | -39 | 288 |
| Operating profit margin | 5% | 0% | -1% | 4% |
| EBITDA | 1,009 | 587 | 927 | 1,155 |
| EBITDA margin | 11% | 10% | 16% | 16% |
| Net profit (loss) | 390 | 29 | 6 | 267 |
| Net profit margin | 4% | 0% | 0% | 4% |
Balance sheet
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Non-current assets | 6,968 | 6,453 | 5,624 | 4,833 |
| Intangible assets | 14 | 8 | 29 | 27 |
| Tangible assets | 6,954 | 6,446 | 5,595 | 4,806 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 1,853 | 2,136 | 2,236 | 2,755 |
| Inventories and prepaid expenses | 232 | 348 | 330 | 773 |
| Accounts receivable in one year | 760 | 476 | 521 | 763 |
| Other current assets | ||||
| Cash and cash equivalents | 861 | 1,313 | 1,385 | 1,219 |
| Total assets | 8,870 | 8,632 | 7,904 | 7,633 |
| Equity | 3,405 | 3,433 | 3,439 | 3,706 |
| Grants and subsidies | 3,367 | 2,963 | 2,585 | 2,179 |
| Liabilities | 2,091 | 2,224 | 1,869 | 1,733 |
| Financial liabilities | 946 | 765 | 415 | 201 |
| Long-term liabilities | 715 | 806 | 415 | 160 |
| Short-term liabilities | 1,377 | 1,418 | 1,454 | 1,573 |
| Equity and liabilities | 8,870 | 8,632 | 7,904 | 7,633 |
Financial ratios
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 5% | 0% | 0% | 3% |
| Return on equity (ROE) | 12% | 1% | 0% | 7% |
| Return on capital employed (ROCE) | 11% | 0% | -1% | 7% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.11 | 0.09 | 0.05 | 0.03 |
| Current Ratio | 1.35 | 1.51 | 1.54 | 1.75 |
| Quick ratio | 1.18 | 1.26 | 1.31 | 1.26 |
| Turnover ratios | ||||
| Asset turnover | 1.01 | 0.67 | 0.71 | 0.97 |
| Fixed asset turnover | 1.29 | 0.89 | 1.00 | 1.54 |
| Equity turnover | 2.64 | 1.68 | 1.64 | 2.00 |
| Profitability ratios | ||||
| EBITDA margin | 11% | 10% | 16% | 16% |
| Operating profit margin | 5% | 0% | -1% | 4% |
| Net profit margin | 4% | 0% | 0% | 4% |
| Other ratios | ||||
| Dividends to the Municipality | 0.00 | 0.00 | 0.00 | 15.00 |
| Dividends paid / net profit | 0.00 | 0.00 | 0.00 | 0.06 |
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%
Return to the Municipality
15 EUR thousand
ROE
7.5%
Number of employees
310
Financial data provided as at end-December 2022
Management
- Vaidas SeirackasChief Executive Officer
Information as of: 4/30/2023
