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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Plungės autobusų parkas“ was registered on December 24, 1991. The main activity of the company is passenger transportation by city, suburban, long-distance and charter trips. In addition to passenger transportation, the company is engaged in bus rental, luggage storage and transportation of parcels, renting premises as well as renting advertising space on city buses.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 1,145 860 1,024 1,364
Cost of goods sold 976 733 935 1,143
Gross profit (loss) 169 128 90 221
Gross profit margin 15% 15% 9% 16%
Operating expenses 149 146 163 211
Operating profit (loss) 21 -19 -74 10
Operating profit margin 2% -2% -7% 1%
EBITDA 108 76 40 145
EBITDA margin 9% 9% 4% 11%
Net profit (loss) 14 -20 -76 3
Net profit margin 1% -2% -7% 0%

Balance sheet

2019 2020 2021 2022
Non-current assets 641 587 938 888
Intangible assets 0 0 33 31
Tangible assets 641 587 905 856
Financial assets 0 0
Other non-current assets 0 0
Current assets 360 286 168 174
Inventories and prepaid expenses 5 8 19 14
Accounts receivable in one year 94 91 43 4
Other current assets 0 0 0
Cash and cash equivalents 260 188 106 157
Total assets 1,024 888 1,128 1,095
Equity 705 685 609 612
Grants and subsidies 0 0
Liabilities 320 203 520 483
Financial liabilities 320 100 371 315
Long-term liabilities 100 62 270 225
Short-term liabilities 219 142 250 258
Equity and liabilities 1,024 888 1,128 1,095

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 1% -2% -8% 0%
Return on equity (ROE) 2% -3% -12% 0%
Return on capital employed (ROCE) 3% -2% -8% 1%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.31 0.11 0.33 0.29
Current Ratio 1.64 2.02 0.67 0.68
Quick ratio 1.62 1.96 0.60 0.62
Turnover ratios
Asset turnover 1.12 0.97 0.91 1.25
Fixed asset turnover 1.79 1.46 1.09 1.54
Equity turnover 1.63 1.26 1.68 2.23
Profitability ratios
EBITDA margin 9% 9% 4% 11%
Operating profit margin 2% -2% -7% 1%
Net profit margin 1% -2% -7% 0%
Other ratios
Dividends to the Municipality 0.30 0.00 0.00 0.00
Dividends paid / net profit 0.02 0.00 0.00 0.00

Expectations of the municipal

About the company

  • Official nameUAB „Plungės autobusų parkas“
  • Legal formPrivate limited liability company (UAB)
  • Company code269814430
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionPlungė district municipality
  • Share belonging to the Municipal100%
https://plungesap.lt/
ROE

0.5%

Number of employees

40

Financial data provided as at end-December 2022

Management

  • Gintas OrdaChief Executive Officer

Information as of: 4/30/2023