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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Kėdbusas“ was registered on March 9, 1992. The main activity of the company is the transportation of passengers by bus on local regular routes and charter trips. Other activities include bus entrances of other companies to the territory of the bus station, maintenance of information at bus stops, bus rental, rent of vacant premises, advertising, rental of trading places for farmers, car parking.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,140 1,106 643 626
Cost of goods sold 992 1,029 432 363
Gross profit (loss) 148 77 212 262
Gross profit margin 13% 7% 33% 42%
Operating expenses 236 225 216 273
Operating profit (loss) -88 -147 -4 -10
Operating profit margin -8% -13% -1% -2%
EBITDA 162 90 228 210
EBITDA margin 14% 8% 35% 34%
Net profit (loss) -22 -77 19 19
Net profit margin -2% -7% 3% 3%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,610 1,453 1,285 1,234
Intangible assets 5 7
Tangible assets 1,542 1,376 1,235 1,183
Financial assets
Other non-current assets 68 76 45 45
Current assets 175 167 256 342
Inventories and prepaid expenses 75 66 43 89
Accounts receivable in one year 82 87 50 72
Other current assets
Cash and cash equivalents 18 14 163 181
Total assets 1,795 1,625 1,544 1,580
Equity 1,366 1,289 1,308 1,326
Grants and subsidies
Liabilities 430 336 237 252
Financial liabilities 195 98 37
Long-term liabilities 98 37
Short-term liabilities 332 299 237 252
Equity and liabilities 1,795 1,625 1,544 1,580

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -1% -4% 1% 1%
Return on equity (ROE) -2% -6% 1% 1%
Return on capital employed (ROCE) -3% -12% 8% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.14 0.08 0.03
Current Ratio 0.53 0.56 1.08 1.36
Quick ratio 0.30 0.34 0.90 1.00
Turnover ratios
Asset turnover 0.62 0.65 0.41 0.40
Fixed asset turnover 0.68 0.72 0.47 0.50
Equity turnover 0.83 0.83 0.50 0.48
Profitability ratios
EBITDA margin 14% 8% 35% 34%
Operating profit margin -8% -13% -1% -2%
Net profit margin -2% -7% 3% 3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Kėdbusas“
  • Legal formPrivate limited liability company (UAB)
  • Company code161229484
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionKėdainiai district municipality
  • Share belonging to the Municipal100%
http://www.kedbusas.lt/lt/
ROE

1.4%

Number of employees

70

Financial data provided as at end-December 2021