Pakruojo autotransportas
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 |
Financial statments
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%
ROE
18.3%
Number of employees
28
Financial data provided as at end-December 2022
