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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

AB Panevėžio specialus autotransportas in 1995 was reorganized from state-owned cleaning company. Now AB Panevėžio specialus autotransportas is a modern company that has assembled a fleet of special-purpose vehicles required for waste management and others city maintenance services.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 5,212 5,449 5,787 7,058
Cost of goods sold 4,678 4,874 5,056 6,243
Gross profit (loss) 534 576 731 815
Gross profit margin 10% 11% 13% 12%
Operating expenses 398 406 423 472
Operating profit (loss) 136 169 308 343
Operating profit margin 3% 3% 5% 5%
EBITDA 471 519 654 758
EBITDA margin 9% 10% 11% 11%
Net profit (loss) 116 167 263 283
Net profit margin 2% 3% 5% 4%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,981 2,302 3,281 3,382
Intangible assets 8 2 26 23
Tangible assets 1,973 2,300 3,255 3,359
Financial assets
Other non-current assets
Current assets 1,507 1,329 1,349 1,364
Inventories and prepaid expenses 145 138 109 97
Accounts receivable in one year 986 785 789 929
Other current assets
Cash and cash equivalents 376 405 451 338
Total assets 3,498 3,644 4,643 4,760
Equity 2,800 2,932 3,145 3,338
Grants and subsidies 0 308 760 648
Liabilities 698 405 737 774
Financial liabilities 6
Long-term liabilities
Short-term liabilities 698 405 737 774
Equity and liabilities 3,498 3,644 4,643 4,760

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 3% 5% 6% 6%
Return on equity (ROE) 4% 6% 9% 9%
Return on capital employed (ROCE) 10% 10% 16% 18%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00
Current Ratio 2.16 3.28 1.83 1.76
Quick ratio 1.95 2.94 1.68 1.64
Turnover ratios
Asset turnover 1.49 1.53 1.40 1.50
Fixed asset turnover 2.64 2.54 2.07 2.12
Equity turnover 1.89 1.90 1.90 2.18
Profitability ratios
EBITDA margin 9% 10% 11% 11%
Operating profit margin 3% 3% 5% 5%
Net profit margin 2% 3% 5% 4%
Other ratios
Dividends to the Municipality 35.00 50.00 90.00 90.00
Dividends paid / net profit 0.30 0.30 0.34 0.32

Financial statments

Expectations of the municipal

About the company

  • Official nameAB „Panevėžio specialus autotransportas“
  • Legal formPublic limited liability company (AB)
  • Company code247025610
  • SectorOther
  • Line of businessWaste management, maintenance of public areas
  • Representing institutionPanevėžys city municipality
  • Share belonging to the Municipal100%
https://psa.lt/
ROE

8.7%

Number of employees

251

Financial data provided as at end-December 2021