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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB Telšių autobusų parkas was established on March 2, 1992. The main activity of the company is the transportation of passengers on local (urban and suburban) and long-distance regular routes and on scheduled trips. Other activities – transportation of small consignments by buses, sale of advanced long-distance bus tickets, storage of passengers luggage, rental of advertising space on and inside buses, etc.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,060 1,114 858 1,118
Cost of goods sold 776 831 667 848
Gross profit (loss) 283 283 191 269
Gross profit margin 27% 25% 22% 24%
Operating expenses 274 253 232 249
Operating profit (loss) 9 30 -41 21
Operating profit margin 1% 3% -5% 2%
EBITDA 111 423 58 122
EBITDA margin 10% 38% 7% 11%
Net profit (loss) 40 52 -25 24
Net profit margin 4% 5% -3% 2%

Balance sheet

2018 2019 2020 2021
Non-current assets 2,350 2,057 1,752 1,441
Intangible assets 1 0 0 0
Tangible assets 2,349 2,056 1,752 1,441
Financial assets
Other non-current assets
Current assets 301 381 331 392
Inventories and prepaid expenses 39 36 26 22
Accounts receivable in one year 212 276 163 90
Other current assets
Cash and cash equivalents 49 68 142 281
Total assets 2,653 2,442 2,087 1,838
Equity 715 792 767 791
Grants and subsidies 1,531 1,268 1,006 744
Liabilities 407 380 314 302
Financial liabilities 249 207 163
Long-term liabilities 249 207 163 118
Short-term liabilities 158 173 151 185
Equity and liabilities 2,653 2,442 2,087 1,838

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 2% 2% -1% 1%
Return on equity (ROE) 7% 7% -3% 3%
Return on capital employed (ROCE) 4% 6% -2% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.31 0.27 0.21
Current Ratio 1.90 2.20 2.20 2.13
Quick ratio 1.66 1.99 2.02 2.01
Turnover ratios
Asset turnover 0.42 0.44 0.38 0.57
Fixed asset turnover 0.47 0.51 0.45 0.70
Equity turnover 1.75 1.48 1.10 1.43
Profitability ratios
EBITDA margin 10% 38% 7% 11%
Operating profit margin 1% 3% -5% 2%
Net profit margin 4% 5% -3% 2%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB Telšių autobusų parkas
  • Legal formPrivate limited liability company (UAB)
  • Company code180193231
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionTelšiai district municipality
  • Share belonging to the Municipal100%
www.telsiuap.lt
ROE

3.1%

Number of employees

47

Financial data provided as at end-December 2021