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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Skuodo autobusai“ was registered on August 25, 1997. The main activities of the company include passenger transportation by buses, Skuodas bus station work organization – bus traffic control, ticket sales, parcel transportation activities, charter trips in Lithuania, Latvia, Estonia, bus maintenance and repair.

Financial results

P/L Statment

2019 2020 2021 2022
Revenue 395 239 231 452
Cost of goods sold 294 173 176 379
Gross profit (loss) 102 66 55 72
Gross profit margin 26% 28% 24% 16%
Operating expenses 110 68 27 39
Operating profit (loss) -8 -1 28 33
Operating profit margin -2% -1% 12% 7%
EBITDA 145 119 140 115
EBITDA margin 37% 50% 61% 25%
Net profit (loss) 2 -25 5 1
Net profit margin 0% -10% 2% 0%

* Left axis

** Right axis

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

Balance sheet

2019 2020 2021 2022
Non-current assets 486 428 393 531
Intangible assets 0 0 1 1
Tangible assets 485 428 392 530
Financial assets
Other non-current assets
Current assets 105 87 95 117
Inventories and prepaid expenses 6 13 16 23
Accounts receivable in one year 57 17 15 17
Other current assets
Cash and cash equivalents 43 57 64 76
Total assets 601 522 494 654
Equity 323 298 303 304
Grants and subsidies 27 49 59
Liabilities 273 194 138 288
Financial liabilities 246 158 100 246
Long-term liabilities 116 73 72 189
Short-term liabilities 157 121 67 100
Equity and liabilities 601 522 494 654

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

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 0% -4% 1% 0%
Return on equity (ROE) 0% -8% 2% 0%
Return on capital employed (ROCE) -2% -0% 8% 7%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.41 0.30 0.20 0.38
Current Ratio 0.67 0.72 1.42 1.17
Quick ratio 0.63 0.61 1.19 0.94
Turnover ratios
Asset turnover 0.66 0.46 0.47 0.69
Fixed asset turnover 0.81 0.56 0.59 0.85
Equity turnover 1.22 0.80 0.76 1.48
Profitability ratios
EBITDA margin 37% 50% 61% 25%
Operating profit margin -2% -1% 12% 7%
Net profit margin 0% -10% 2% 0%
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

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** Right axis

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

Financial statments

2021 m. metinės ataskaitos
2020 m. metinės ataskaitos

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameUAB „Skuodo autobusai“
  • Legal formPrivate limited liability company (UAB)
  • Company code173935878
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionSkuodas district municipality
  • Share belonging to the Municipal100%
https://skuodoautobusai.lt/
ROE

0.3%

Number of employees

32

Financial data provided as at end-December 2022

Management

  • Rimantas PabrėžaChief Executive Officer

Information as of: 4/30/2023