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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Kretingos autobusų parkas was registered on December 12, 1995. Main activities of the company are passenger transportation in Kretinga city and suburban routes. Company also performs bus station activities – serves passengers on regular local and long-distance routes, organizes bus crew inter-journey rest, controls bus departure and arrival times, provides commercial services – bus rental, parking lot rental, advertising rental of areas on and inside buses, etc.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 845 824 467 466
Cost of goods sold 577 554 300 294
Gross profit (loss) 269 270 167 172
Gross profit margin 32% 33% 36% 37%
Operating expenses 244 246 134 132
Operating profit (loss) 25 24 33 40
Operating profit margin 3% 3% 7% 9%
EBITDA 113 184 158 145
EBITDA margin 13% 22% 34% 31%
Net profit (loss) 39 56 23 5
Net profit margin 5% 7% 5% 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 342 528 448 357
Intangible assets 1 5 3 1
Tangible assets 341 523 445 356
Financial assets
Other non-current assets
Current assets 315 398 439 515
Inventories and prepaid expenses 22 13 14 14
Accounts receivable in one year 89 91 117 27
Other current assets
Cash and cash equivalents 204 295 308 474
Total assets 659 929 890 877
Equity 493 548 571 576
Grants and subsidies
Liabilities 165 380 319 300
Financial liabilities 208 160 110
Long-term liabilities 160 110 60
Short-term liabilities 165 220 208 240
Equity and liabilities 659 929 890 877

* 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) 6% 7% 2% 1%
Return on equity (ROE) 8% 11% 4% 1%
Return on capital employed (ROCE) 19% 19% 8% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.38 0.28 0.19
Current Ratio 1.92 1.81 2.11 2.15
Quick ratio 1.78 1.75 2.04 2.09
Turnover ratios
Asset turnover 1.32 1.04 0.51 0.53
Fixed asset turnover 2.64 1.89 0.96 1.16
Equity turnover 1.78 1.58 0.83 0.81
Profitability ratios
EBITDA margin 13% 22% 34% 31%
Operating profit margin 3% 3% 7% 9%
Net profit margin 5% 7% 5% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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

Financial statments

2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB Kretingos autobusų parkas
  • Legal formPrivate limited liability company (UAB)
  • Company code163994611
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionKretinga district municipality
  • Share belonging to the Municipal100%
https://kretingosap.lt/
ROE

0.9%

Number of employees

54

Financial data provided as at end-December 2021