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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

2018 2019 2020 2021
Revenue 661 568 479 507
Cost of goods sold 526 479 348 427
Gross profit (loss) 136 89 131 80
Gross profit margin 21% 16% 27% 16%
Operating expenses 177 176 184 178
Operating profit (loss) -42 -87 -53 -98
Operating profit margin -6% -15% -11% -19%
EBITDA 51 8 60 54
EBITDA margin 8% 1% 13% 11%
Net profit (loss) 1 -41 11 5
Net profit margin 0% -7% 2% 1%

Balance sheet

2018 2019 2020 2021
Non-current assets 524 883 804 698
Intangible assets 2 1 2 1
Tangible assets 522 883 802 697
Financial assets
Other non-current assets
Current assets 107 85 58 180
Inventories and prepaid expenses 17 9 9 7
Accounts receivable in one year 28 36 12 15
Other current assets
Cash and cash equivalents 62 40 37 158
Total assets 633 971 865 880
Equity 366 307 319 306
Grants and subsidies 4 407 371 457
Liabilities 262 257 174 117
Financial liabilities 206 172 105 37
Long-term liabilities 137 105 37
Short-term liabilities 125 153 138 117
Equity and liabilities 633 971 865 880

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 0% -5% 1% 1%
Return on equity (ROE) 0% -12% 4% 2%
Return on capital employed (ROCE) 3% -9% 4% 2%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.56 0.56 0.33 0.12
Current Ratio 0.85 0.56 0.42 1.54
Quick ratio 0.72 0.50 0.36 1.47
Turnover ratios
Asset turnover 0.99 0.71 0.52 0.58
Fixed asset turnover 1.24 0.81 0.57 0.68
Equity turnover 1.86 1.69 1.53 1.62
Profitability ratios
EBITDA margin 8% 1% 13% 11%
Operating profit margin -6% -15% -11% -19%
Net profit margin 0% -7% 2% 1%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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

1.7%

Number of employees

27

Financial data provided as at end-December 2021