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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Panevėžio autobusų parkas“ was registered on July 26, 1995. The main activity of the company is passenger transportation on local (urban) routes, local (suburban) routes, long-distance routes, charter trips. Other activities include parcel transportations by bus, advertising on buses, rental of real estate, filling of liquefied natural gas for individuals and legal entities.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 6,489 6,813 4,815 5,208
Cost of goods sold 5,895 6,168 4,490 5,239
Gross profit (loss) 594 645 325 -31
Gross profit margin 9% 9% 7% -1%
Operating expenses 592 602 395 258
Operating profit (loss) 2 42 -70 -289
Operating profit margin 0% 1% -1% -6%
EBITDA 549 586 622 369
EBITDA margin 8% 9% 13% 7%
Net profit (loss) 126 66 -4 -161
Net profit margin 2% 1% -0% -3%

Balance sheet

2018 2019 2020 2021
Non-current assets 5,928 7,472 6,624 5,902
Intangible assets 3 1 2
Tangible assets 5,885 7,430 6,583 5,858
Financial assets
Other non-current assets 40 42 41 42
Current assets 847 838 1,258 1,107
Inventories and prepaid expenses 292 221 218 266
Accounts receivable in one year 238 182 287 381
Other current assets
Cash and cash equivalents 317 435 752 460
Total assets 6,815 8,354 8,137 7,236
Equity 2,883 2,949 2,945 2,784
Grants and subsidies 1,411 1,501 3,050 2,650
Liabilities 2,522 3,905 2,142 1,801
Financial liabilities 1,559 1,130 1,134 1,075
Long-term liabilities 1,130 766 794 481
Short-term liabilities 1,391 3,139 1,348 1,320
Equity and liabilities 6,815 8,354 8,137 7,236

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 1% -0% -2%
Return on equity (ROE) 4% 2% -0% -6%
Return on capital employed (ROCE) 4% 4% 1% -7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.54 0.38 0.38 0.39
Current Ratio 0.61 0.27 0.93 0.84
Quick ratio 0.40 0.20 0.77 0.64
Turnover ratios
Asset turnover 0.84 0.90 0.58 0.68
Fixed asset turnover 1.07 1.02 0.68 0.83
Equity turnover 2.29 2.34 1.63 1.82
Profitability ratios
EBITDA margin 8% 9% 13% 7%
Operating profit margin 0% 1% -1% -6%
Net profit margin 2% 1% -0% -3%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Panevėžio autobusų parkas“
  • Legal formPrivate limited liability company (UAB)
  • Company code147024322
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionPanevėžys city municipality
  • Share belonging to the Municipal100%
https://www.panevezioautobusai.lt/
ROE

-5.6%

Number of employees

241

Financial data provided as at end-December 2021