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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

2019 2020 2021 2022
Revenue 1,114 858 1,118 1,711
Cost of goods sold 831 667 848 1,439
Gross profit (loss) 283 191 269 273
Gross profit margin 25% 22% 24% 16%
Operating expenses 253 232 249 241
Operating profit (loss) 30 -41 21 32
Operating profit margin 3% -5% 2% 2%
EBITDA 423 58 122 164
EBITDA margin 38% 7% 11% 10%
Net profit (loss) 52 -25 24 26
Net profit margin 5% -3% 2% 2%

Balance sheet

2019 2020 2021 2022
Non-current assets 2,057 1,752 1,441 1,519
Intangible assets 0 0 0 0
Tangible assets 2,056 1,752 1,441 1,519
Financial assets
Other non-current assets
Current assets 381 331 393 482
Inventories and prepaid expenses 36 26 22 41
Accounts receivable in one year 276 163 90 160
Other current assets
Cash and cash equivalents 68 142 281 281
Total assets 2,442 2,087 1,838 2,006
Equity 792 767 791 817
Grants and subsidies 1,268 1,006 744 481
Liabilities 380 314 302 707
Financial liabilities 249 207 163 493
Long-term liabilities 207 163 118 400
Short-term liabilities 173 151 185 308
Equity and liabilities 2,442 2,087 1,838 2,006

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 2% -1% 1% 1%
Return on equity (ROE) 7% -3% 3% 3%
Return on capital employed (ROCE) 3% -4% 2% 3%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.10 0.10 0.09 0.25
Current Ratio 2.20 2.20 2.13 1.57
Quick ratio 1.99 2.02 2.01 1.44
Turnover ratios
Asset turnover 0.46 0.41 0.61 0.85
Fixed asset turnover 0.54 0.49 0.78 1.13
Equity turnover 1.41 1.12 1.41 2.09
Profitability ratios
EBITDA margin 38% 7% 11% 10%
Operating profit margin 3% -5% 2% 2%
Net profit margin 5% -3% 2% 2%
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

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%
https://telsiuap.lt
ROE

3.2%

Number of employees

57

Financial data provided as at end-December 2022

Management

  • Arūnas TamošauskasChief Executive Officer

Information as of: 4/30/2023