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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Financial results

P/L Statment

2017 2018 2019 2020
Revenue 2,088 2,394 2,494 1,586
Cost of goods sold 1,711 1,959 2,022 1,309
Gross profit (loss) 377 435 472 277
Gross profit margin 18% 18% 19% 17%
Operating expenses 349 361 381 266
Operating profit (loss) 28 74 91 11
Operating profit margin 1% 3% 4% 1%
EBITDA 284 330 381 294
EBITDA margin 14% 14% 15% 19%
Net profit (loss) 32 72 83 17
Net profit margin 2% 3% 3% 1%

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Balance sheet

2017 2018 2019 2020
Non-current assets 967 1,181 1,175 936
Intangible assets 2 0 0 0
Tangible assets 965 1,181 1,174 936
Financial assets
Other non-current assets
Current assets 354 240 304 340
Inventories and prepaid expenses 42 49 59 49
Accounts receivable in one year 164 165 198 194
Other current assets
Cash and cash equivalents 147 26 47 97
Total assets 1,359 1,474 1,538 1,325
Equity 735 797 871 880
Grants and subsidies
Liabilities 624 677 667 444
Financial liabilities 310 304 285 189
Long-term liabilities 209 204 172 91
Short-term liabilities 415 473 495 354
Equity and liabilities 1,359 1,474 1,538 1,325

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Financial ratios

2018 2019 2020
Capital return ratios
Return on assets (ROA) 5% 6% 1%
Return on equity (ROE) 9% 10% 2%
Return on capital employed (ROCE) 18% 20% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.38 0.33 0.22
Current Ratio 0.51 0.61 0.96
Quick ratio 0.40 0.49 0.82
Turnover ratios
Asset turnover 1.69 1.66 1.11
Fixed asset turnover 2.23 2.12 1.50
Equity turnover 3.13 2.99 1.81
Profitability ratios
EBITDA margin 14% 15% 19%
Operating profit margin 3% 4% 1%
Net profit margin 3% 3% 1%
Other ratios
Dividends to the Municipality 9.78
Dividends paid / net profit 0.14

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Expectations of the municipal

About the company

  • Official nameUAB „Mažeikių autobusų parkas“
  • Legal formPrivate limited liability company (UAB)
  • Company code166552032
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionMažeikiai district municipality
  • Share belonging to the Municipal97.7%
https://mazeikiuap.lt/
ROE

1.9%

Number of employees

99

Financial data provided as at end-December 2019

Management

  • Arvydas ŠemetaDirector General

Information as of: 2021/06/01

Board of Directors

CHAIRMAN OF THE BOARD OF DIRECTORS

  • Alfonsas Asauskas

MEMBERS OF THE BOARD OF DIRECTORS

  • Virgilijus Kenstavičius
  • Bernardas Juškevičius
  • Dalia Keršytė

Information as of: 2021/06/01