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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

The company started its activity on February 10, 1966 when the Pakruojis Road Transport Bureau was established by the order of the Minister of the then Ministry of Motor Transport and Roads. In 1972, the company was renamed the State Pakruojis Road Transport Company, which in 1995 was reorganized into the Public Limited Liability Company AB „Pakruojo autotransportas“. Since the establishment of the company, two lines of business had been developed: freight and passenger transportation. In 2007, due to changes in market conditions, the provision of freight transportation services was abandoned. The main activity of the company is passenger road transport services on local regular and charter routes.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 253 133 125 239
Cost of goods sold 184 59 84 46
Gross profit (loss) 69 74 41 193
Gross profit margin 27% 56% 33% 81%
Operating expenses 39 68
Operating profit (loss) 30 6 -25 56
Operating profit margin 12% 5% -20% 23%
EBITDA 78 74 46 121
EBITDA margin 31% 56% 37% 51%
Net profit (loss) 26 26 0 71
Net profit margin 10% 20% 0% 30%

Balance sheet

2019 2020 2021 2022
Non-current assets 308 329 311 330
Intangible assets 1 1
Tangible assets 308 329 310 329
Financial assets
Other non-current assets
Current assets 268 230 261 325
Inventories and prepaid expenses 8 9 11 10
Accounts receivable in one year 108 136 93 48
Other current assets
Cash and cash equivalents 152 85 157 267
Total assets 576 558 572 654
Equity 298 350 340 439
Grants and subsidies 58 57 57 50
Liabilities 221 152 174 164
Financial liabilities 125 110 108 115
Long-term liabilities 55 40 88
Short-term liabilities 166 112 87 164
Equity and liabilities 576 558 572 654

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 5% 5% 0% 12%
Return on equity (ROE) 9% 8% 0% 18%
Return on capital employed (ROCE) 8% 2% -6% 13%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.22 0.20 0.19 0.18
Current Ratio 1.62 2.05 3.01 1.97
Quick ratio 1.57 1.97 2.88 1.92
Turnover ratios
Asset turnover 0.44 0.24 0.22 0.37
Fixed asset turnover 0.82 0.40 0.40 0.73
Equity turnover 0.85 0.38 0.37 0.54
Profitability ratios
EBITDA margin 31% 56% 37% 51%
Operating profit margin 12% 5% -20% 23%
Net profit margin 10% 20% 0% 30%
Other ratios
Dividends to the Municipality 0.00 0.00 0.00 0.00
Dividends paid / net profit 0.00 0.00 0.00 0.00

Expectations of the municipal

About the company

  • Official nameAB „Pakruojo autotransportas“
  • Legal formPublic limited liability company (AB)
  • Company code167900463
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionPakruojis district municipality
  • Share belonging to the Municipal92%
https://pakruojoautotransportas.lt/
ROE

18.3%

Number of employees

28

Financial data provided as at end-December 2022

Management

  • Remigijus MasilionisChief Executive Officer

Information as of: 4/30/2023