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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 632 661 568 479
Cost of goods sold 496 526 479 348
Gross profit (loss) 135 136 89 131
Gross profit margin 21% 21% 16% 27%
Operating expenses 162 177 176 184
Operating profit (loss) -27 -42 -87 -53
Operating profit margin -4% -6% -15% -11%
EBITDA 46 51 8 60
EBITDA margin 7% 8% 1% 13%
Net profit (loss) 10 1 -41 11
Net profit margin 2% 0% -7% 2%

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Balance sheet

2017 2018 2019 2020
Non-current assets 542 524 883 804
Intangible assets 2 2 1 2
Tangible assets 540 522 883 802
Financial assets
Other non-current assets
Current assets 154 107 85 58
Inventories and prepaid expenses 30 17 9 9
Accounts receivable in one year 31 28 36 12
Other current assets
Cash and cash equivalents 93 62 40 37
Total assets 699 633 971 865
Equity 344 366 307 319
Grants and subsidies 6 4 407 371
Liabilities 349 262 257 174
Financial liabilities 273 206 172 105
Long-term liabilities 206 137 105 37
Short-term liabilities 143 125 153 137
Equity and liabilities 699 633 971 865

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 0% -5% 1%
Return on equity (ROE) 0% -12% 4%
Return on capital employed (ROCE) 3% -9% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.56 0.56 0.33
Current Ratio 0.85 0.56 0.42
Quick ratio 0.72 0.50 0.36
Turnover ratios
Asset turnover 0.99 0.71 0.52
Fixed asset turnover 1.24 0.81 0.57
Equity turnover 1.86 1.69 1.53
Profitability ratios
EBITDA margin 8% 1% 13%
Operating profit margin -6% -15% -11%
Net profit margin 0% -7% 2%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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Expectations of the municipal

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%
http://www.kursenuap.lt/
ROE

3.5%

Number of employees

28

Financial data provided as at end-December 2019

Management

  • Vidmantas ŠulčiusDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Evaldas Gudas

Information as of: 2021/06/01