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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Kuršėnų autobusų parkas was registered on November 13, 1996. The main activity is the provision of public transport services in the city of Kuršėnai, passenger transportation services on the suburban routes of Šiauliai district, passenger transportation services on charter routes in Lithuania and abroad.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 568 479 507 597
Cost of goods sold 479 348 427 542
Gross profit (loss) 89 131 80 55
Gross profit margin 16% 27% 16% 9%
Operating expenses 153 161 156 155
Operating profit (loss) -87 -53 -98 -124
Operating profit margin -15% -11% -19% -21%
EBITDA 8 60 54 63
EBITDA margin 1% 13% 11% 11%
Net profit (loss) -41 11 5 1
Net profit margin -7% 2% 1% 0%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 883 804 698 955
Intangible assets 1 2 1 1
Tangible assets 883 802 697 955
Financial assets 0
Other non-current assets
Current assets 85 58 180 190
Inventories and prepaid expenses 9 9 7 10
Accounts receivable in one year 36 12 15 69
Other current assets
Cash and cash equivalents 40 37 158 111
Total assets 971 865 880 1,148
Equity 307 319 306 447
Grants and subsidies 407 371 457 381
Liabilities 257 174 117 312
Financial liabilities 172 105 37 148
Long-term liabilities 105 37 0 113
Short-term liabilities 153 138 117 198
Equity and liabilities 971 865 880 1,148

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) -5% 1% 1% 0%
Return on equity (ROE) -12% 4% 2% 0%
Return on capital employed (ROCE) -21% -15% -32% -22%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.18 0.12 0.04 0.13
Current Ratio 0.56 0.42 1.54 0.96
Quick ratio 0.50 0.36 1.47 0.91
Turnover ratios
Asset turnover 0.58 0.55 0.58 0.52
Fixed asset turnover 0.64 0.60 0.73 0.63
Equity turnover 1.85 1.50 1.66 1.34
Profitability ratios
EBITDA margin 1% 13% 11% 11%
Operating profit margin -15% -11% -19% -21%
Net profit margin -7% 2% 1% 0%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB Kuršėnų autobusų parkas
  • Legal formPrivate limited liability company (UAB)
  • Company code175700829
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionŠiauliai district municipality
  • Share belonging to the Municipal100%
https://kursenuap.lt/
ROE

0.3%

Number of employees

28

Financial data provided as at end-December 2022

Management

  • Vidmantas ŠulčiusChief Executive Officer

Information as of: 4/30/2023