Mažeikių autobusų parkas
On April 24th, 1995. By the decision of the municipal council, Mažeikiai state bus fleet was reorganized into a special-purpose private limited company „Mažeikių autobusų parkas“ (SPUAB). The main economic activity remains the transport of passengers by bus. Types of activities approved for the company, the company’s board, the chairman of the board, the company’s auditor. The company was reorganized in accordance with a project prepared by the former board of directors of the company. SPUAB „Mažeikių autobusų parkas“ took over the obligations and rights of the former company from the date of registration of the company in the register of companies.
Financial results
P/L Statment
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue | 2,394 | 2,494 | 1,586 | 1,830 |
| Cost of goods sold | 1,959 | 2,022 | 1,309 | 1,494 |
| Gross profit (loss) | 435 | 472 | 277 | 337 |
| Gross profit margin | 18% | 19% | 17% | 18% |
| Operating expenses | 361 | 381 | 266 | 308 |
| Operating profit (loss) | 74 | 91 | 11 | 29 |
| Operating profit margin | 3% | 4% | 1% | 2% |
| EBITDA | 330 | 381 | 294 | 288 |
| EBITDA margin | 14% | 15% | 19% | 16% |
| Net profit (loss) | 72 | 83 | 17 | 32 |
| Net profit margin | 3% | 3% | 1% | 2% |
Balance sheet
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Non-current assets | 1,181 | 1,175 | 936 | 753 |
| Intangible assets | 0 | 0 | 0 | |
| Tangible assets | 1,181 | 1,174 | 936 | 753 |
| Financial assets | ||||
| Other non-current assets | ||||
| Current assets | 240 | 304 | 340 | 525 |
| Inventories and prepaid expenses | 49 | 59 | 49 | 51 |
| Accounts receivable in one year | 165 | 198 | 194 | 247 |
| Other current assets | ||||
| Cash and cash equivalents | 26 | 47 | 97 | 227 |
| Total assets | 1,474 | 1,538 | 1,325 | 1,326 |
| Equity | 797 | 871 | 880 | 911 |
| Grants and subsidies | ||||
| Liabilities | 677 | 667 | 444 | 416 |
| Financial liabilities | 304 | 285 | 189 | 91 |
| Long-term liabilities | 204 | 172 | 91 | 41 |
| Short-term liabilities | 473 | 495 | 354 | 375 |
| Equity and liabilities | 1,474 | 1,538 | 1,325 | 1,326 |
Financial ratios
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Capital return ratios | ||||
| Return on assets (ROA) | 5% | 6% | 1% | 2% |
| Return on equity (ROE) | 9% | 10% | 2% | 4% |
| Return on capital employed (ROCE) | 18% | 20% | 5% | 9% |
| Capital structure and liquidity ratios | ||||
| Debt / asset ratio (D/A) | 0.38 | 0.33 | 0.22 | 0.10 |
| Current Ratio | 0.51 | 0.61 | 0.96 | 1.40 |
| Quick ratio | 0.40 | 0.49 | 0.82 | 1.26 |
| Turnover ratios | ||||
| Asset turnover | 1.69 | 1.66 | 1.11 | 1.38 |
| Fixed asset turnover | 2.23 | 2.12 | 1.50 | 2.17 |
| Equity turnover | 3.13 | 2.99 | 1.81 | 2.04 |
| Profitability ratios | ||||
| EBITDA margin | 14% | 15% | 19% | 16% |
| Operating profit margin | 3% | 4% | 1% | 2% |
| Net profit margin | 3% | 3% | 1% | 2% |
| Other ratios | ||||
| Dividends to the Municipality | 9.78 | |||
| Dividends paid / net profit | 0.14 |
Financial statments
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%
ROE
3.5%
Number of employees
95
Financial data provided as at end-December 2021
