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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Kauno autobusai“ was established in on December 31, 1991. The main activity of the company is transportation of passengers by regular city buses and trolleybuses. Other activities include rental of buses, minibuses, trolleybuses, maintenance and repair of motor vehicles, advertising on vehicles and rental of premises, parking lots.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 29,106 30,077 20,762 19,037
Cost of goods sold 25,722 26,392 17,828 17,537
Gross profit (loss) 3,384 3,685 2,933 1,500
Gross profit margin 12% 12% 14% 8%
Operating expenses 3,174 3,810 3,149 1,630
Operating profit (loss) 210 -125 -216 -130
Operating profit margin 1% -0% -1% -1%
EBITDA 3,364 2,797 5,019 6,480
EBITDA margin 12% 9% 24% 34%
Net profit (loss) 373 63 114 122
Net profit margin 1% 0% 1% 1%

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 13,691 42,543 55,046 60,431
Intangible assets 285 154 102 188
Tangible assets 13,174 42,098 54,465 59,840
Financial assets 212 76
Other non-current assets 233 291 268 327
Current assets 7,579 22,220 20,640 8,218
Inventories and prepaid expenses 895 1,001 1,225 1,294
Accounts receivable in one year 1,025 1,491 1,638 3,240
Other current assets
Cash and cash equivalents 5,658 19,728 17,778 3,684
Total assets 21,510 65,305 76,202 69,124
Equity 14,067 14,131 14,244 14,366
Grants and subsidies 621 36 33 30
Liabilities 6,375 50,667 61,655 54,603
Financial liabilities 789 23,229 36,563 32,992
Long-term liabilities 359 28,991 46,755 42,070
Short-term liabilities 5,313 20,801 14,002 11,445
Equity and liabilities 21,510 65,305 76,202 69,124

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 0% 0% 0%
Return on equity (ROE) 3% 0% 1% 1%
Return on capital employed (ROCE) 6% 1% 1% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.06 1.64 2.57 2.30
Current Ratio 1.43 1.07 1.47 0.72
Quick ratio 1.26 1.02 1.39 0.60
Turnover ratios
Asset turnover 1.34 0.69 0.29 0.26
Fixed asset turnover 2.21 1.07 0.43 0.33
Equity turnover 2.26 2.13 1.46 1.33
Profitability ratios
EBITDA margin 12% 9% 24% 34%
Operating profit margin 1% -0% -1% -1%
Net profit margin 1% 0% 1% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Kauno autobusai“
  • Legal formPrivate limited liability company (UAB)
  • Company code133154754
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionKaunas city municipality
  • Share belonging to the Municipal100%
https://kaunoautobusai.lt/
ROE

0.9%

Number of employees

1,111

Financial data provided as at end-December 2021