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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Tauragės autobusų parkas was registered on March 27, 1992. The main activity of company is transportation of passengers by buses on local (urban and suburban) and long-distance regular road transport routes. Other activities – bus rental on charter routes, transportation of parcels by bus, ticket sales, luggage storage, rental of territory for companies and individuals, maintenance and repair of vehicles, rental of advertising space on buses.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,077 1,143 705 632
Cost of goods sold 1,013 1,005 562 629
Gross profit (loss) 64 138 143 3
Gross profit margin 6% 12% 20% 1%
Operating expenses 190 157 33 126
Operating profit (loss) -126 -20 109 -123
Operating profit margin -12% -2% 16% -19%
EBITDA 65 179 443 268
EBITDA margin 6% 16% 63% 42%
Net profit (loss) -138 -40 81 -136
Net profit margin -13% -3% 12% -22%

Balance sheet

2018 2019 2020 2021
Non-current assets 1,551 1,574 2,059 1,798
Intangible assets 5 4 2 0
Tangible assets 1,546 1,570 2,058 1,798
Financial assets
Other non-current assets
Current assets 112 120 247 164
Inventories and prepaid expenses 18 23 22 27
Accounts receivable in one year 38 47 24 23
Other current assets
Cash and cash equivalents 56 50 201 114
Total assets 1,685 1,713 2,331 1,980
Equity 248 208 290 153
Grants and subsidies 204 875 786
Liabilities 1,437 1,300 1,167 1,041
Financial liabilities 1,280 1,113 999 807
Long-term liabilities 1,113 942 832 657
Short-term liabilities 325 358 335 384
Equity and liabilities 1,685 1,713 2,331 1,980

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -10% -2% 4% -6%
Return on equity (ROE) -44% -17% 33% -61%
Return on capital employed (ROCE) -17% -1% 11% -14%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 5.17 5.34 3.45 5.26
Current Ratio 0.34 0.34 0.74 0.43
Quick ratio 0.29 0.27 0.67 0.36
Turnover ratios
Asset turnover 0.79 0.67 0.35 0.29
Fixed asset turnover 0.92 0.73 0.39 0.33
Equity turnover 3.40 5.01 2.83 2.85
Profitability ratios
EBITDA margin 6% 16% 63% 42%
Operating profit margin -12% -2% 16% -19%
Net profit margin -13% -3% 12% -22%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB Tauragės autobusų parkas
  • Legal formPrivate limited liability company (UAB)
  • Company code179286788
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionTauragė district municipality
  • Share belonging to the Municipal100%
www.tauragesautobusai.lt/
ROE

-61.5%

Number of employees

60

Financial data provided as at end-December 2021