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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

2018 2019 2020 2021
Revenue 258 253 133 125
Cost of goods sold 141 184 59 84
Gross profit (loss) 117 69 74 41
Gross profit margin 45% 27% 56% 33%
Operating expenses 131 39 68 66
Operating profit (loss) -14 30 6 -25
Operating profit margin -6% 12% 5% -20%
EBITDA 31 78 74 47
EBITDA margin 12% 31% 56% 38%
Net profit (loss) -8 26 26 0
Net profit margin -3% 10% 20% 0%

* Left axis

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 351 308 329 311
Intangible assets 1
Tangible assets 351 308 329 310
Financial assets
Other non-current assets
Current assets 224 268 230 261
Inventories and prepaid expenses 11 8 9 11
Accounts receivable in one year 169 108 136 93
Other current assets
Cash and cash equivalents 44 152 85 157
Total assets 575 576 558 572
Equity 274 298 350 341
Grants and subsidies 62 58 57 57
Liabilities 238 221 152 174
Financial liabilities 140 125 110 108
Long-term liabilities 125 55 40 88
Short-term liabilities 113 166 112 87
Equity and liabilities 575 576 558 572

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% 5% 5% 0%
Return on equity (ROE) -3% 9% 8% 0%
Return on capital employed (ROCE) -0% 18% 17% 4%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.51 0.42 0.31 0.32
Current Ratio 1.98 1.62 2.05 3.01
Quick ratio 1.89 1.57 1.97 2.88
Turnover ratios
Asset turnover 0.49 0.44 0.23 0.22
Fixed asset turnover 0.76 0.77 0.42 0.39
Equity turnover 0.92 0.88 0.41 0.36
Profitability ratios
EBITDA margin 12% 31% 56% 38%
Operating profit margin -6% 12% 5% -20%
Net profit margin -3% 10% 20% 0%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

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** Right axis

*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

Expectations of the municipal

Letter of Expectations

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://www.pakruojoautotransportas.lt/
ROE

0.0%

Number of employees

28

Financial data provided as at end-December 2021