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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

In 1992, the Molėtai Road Transport Company was split into state owned Road Freight Fleet Company and the state owned Molėtai Bus Fleet. The bus fleet became a municipal enterprise. In 1995, Molėtai Bus Fleet was registered as a Special Purpose Private Limited Liability Company UAB Molėtų autobusų parkas. On October 10,2003 Special purpose private limited company UAB Molėtų autobusų parkas was re-registered as Private Limited Liability Company UAB Molėtų autobusų parkas. UAB Molėtų autobusų parkas provides regular passenger transportation services on suburban routes. The company is also engaged in additional activities – renting buses for trips, excursions, transporting small parcels by bus, providing luggage storage services, renting advertising space on buses, renting premises.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 335 292 363 424
Cost of goods sold 483 465 255 318
Gross profit (loss) -148 -173 109 107
Gross profit margin -44% -59% 30% 25%
Operating expenses 78 80 94 116
Operating profit (loss) -226 -253 15 -9
Operating profit margin -67% -87% 4% -2%
EBITDA 46 46 54 10
EBITDA margin 14% 16% 15% 2%
Net profit (loss) 12 11 19 -17
Net profit margin 4% 4% 5% -4%

Balance sheet

2018 2019 2020 2021
Non-current assets 200 179 146 144
Intangible assets
Tangible assets 200 179 146 144
Financial assets
Other non-current assets
Current assets 106 133 188 187
Inventories and prepaid expenses 1 1 1 2
Accounts receivable in one year 18 19 13 14
Other current assets
Cash and cash equivalents 87 113 174 171
Total assets 309 316 336 332
Equity 258 269 288 272
Grants and subsidies 8
Liabilities 43 47 48 60
Financial liabilities
Long-term liabilities
Short-term liabilities 43 47 48 60
Equity and liabilities 309 316 336 332

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 4% 3% 6% -5%
Return on equity (ROE) 5% 4% 7% -6%
Return on capital employed (ROCE) 9% 8% 14% -12%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 2.47 2.83 3.95 3.09
Quick ratio 2.45 2.80 3.94 3.07
Turnover ratios
Asset turnover 1.03 0.93 1.11 1.27
Fixed asset turnover 1.59 1.54 2.24 2.93
Equity turnover 1.33 1.11 1.30 1.52
Profitability ratios
EBITDA margin 14% 16% 15% 2%
Operating profit margin -67% -87% 4% -2%
Net profit margin 4% 4% 5% -4%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

About the company

  • Official nameUAB Molėtų autobusų parkas
  • Legal formPrivate limited liability company (UAB)
  • Company code167520735
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionMolėtai district municipality
  • Share belonging to the Municipal100%
https://www.moletuautobusai.lt/
ROE

-5.9%

Number of employees

32

Financial data provided as at end-December 2021