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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Klaipėdos autobusų parkas“ was established on November 20, 1990. Company provides passenger transport on regular routes within the city area, local area and between cities. It also transports parcels, provides baggage safekeeping services, sell travel tickets to the long-distance and international service buses. in 2023 In May, UAB Klaipėdos autobusų parkas, which belongs to Klaipėda City Municipality, announced that the name of the company was changed to UAB Klaipėdos paslaugos.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 9,210 8,203 8,266 15,116
Cost of goods sold 8,003 7,093 7,546 12,058
Gross profit (loss) 1,207 1,110 720 3,058
Gross profit margin 13% 14% 9% 20%
Operating expenses 1,087 1,075 1,214 1,734
Operating profit (loss) 121 35 -495 1,325
Operating profit margin 1% 0% -6% 9%
EBITDA 1,178 1,367 950 2,723
EBITDA margin 13% 17% 11% 18%
Net profit (loss) 265 305 -99 1,267
Net profit margin 3% 4% -1% 8%

Balance sheet

2019 2020 2021 2022
Non-current assets 11,945 11,299 9,273 18,244
Intangible assets 7 6 9 8
Tangible assets 11,936 11,291 9,102 18,074
Financial assets 3 3 163 163
Other non-current assets
Current assets 2,015 1,628 2,047 6,717
Inventories and prepaid expenses 258 223 194 666
Accounts receivable in one year 847 658 1,005 1,704
Other current assets
Cash and cash equivalents 910 747 848 4,347
Total assets 14,056 13,001 11,396 25,052
Equity 4,226 4,531 4,432 12,917
Grants and subsidies 6,497 5,151 3,805 7,419
Liabilities 3,202 3,196 3,046 4,611
Financial liabilities 1,806 2,279 1,647 1,457
Long-term liabilities 1,181 1,623 1,064 835
Short-term liabilities 2,021 1,573 1,982 3,776
Equity and liabilities 14,056 13,001 11,396 25,052

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 2% 2% -1% 7%
Return on equity (ROE) 8% 7% -2% 15%
Return on capital employed (ROCE) 2% 1% -9% 10%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.13 0.18 0.14 0.06
Current Ratio 1.00 1.04 1.03 1.78
Quick ratio 0.87 0.89 0.93 1.60
Turnover ratios
Asset turnover 0.66 0.63 0.73 0.60
Fixed asset turnover 0.77 0.73 0.89 0.83
Equity turnover 2.18 1.81 1.87 1.17
Profitability ratios
EBITDA margin 13% 17% 11% 18%
Operating profit margin 1% 0% -6% 9%
Net profit margin 3% 4% -1% 8%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 100.00
Dividends paid / net profit 0.00 0.00 0.00 0.08

Expectations of the municipal

About the company

  • Official nameUAB „Klaipėdos paslaugos“
  • Legal formPrivate limited liability company (UAB)
  • Company code140033557
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionKlaipėda city municipality
  • Share belonging to the Municipal100%
https://klap.lt/
Return to the Municipality

100 EUR thousand

ROE

14.6%

Number of employees

320

Financial data provided as at end-December 2022

Management

  • Vaidas RamanauskasChief Executive Officer

Information as of: 4/30/2023