Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

UAB „Varėnos autobusų parkas“ was registered on January 2, 1992. The main activity of the company is the transportation of passengers by buses on regular suburban and long-distance routes. Other activities of the company – revenue from entrance to the station, rental of buses with a driver, revenue from luggage and toilet services, revenue from parcels.

Financial results

P/L Statment

2021 2022 2023 2024
Revenue 399 661 706 738
Cost of goods sold 98 550 528 532
Gross profit (loss) 301 111 178 206
Gross profit margin 75% 17% 25% 28%
Operating expenses 369 235 252 277
Operating profit (loss) -136 -130 -82 -80
Operating profit margin -34% -20% -12% -11%
EBITDA -15 -36 17 44
EBITDA margin -4% -5% 2% 6%
Net profit (loss) -74 -94 -39 -18
Net profit margin -18% -14% -6% -2%

Balance sheet

2021 2022 2023 2024
Non-current assets 324 303 248 280
Intangible assets 0 0 2
Tangible assets 324 303 248 279
Financial assets
Other non-current assets
Current assets 130 58 81 98
Inventories and prepaid expenses 2 4 3 2
Accounts receivable in one year 27 34 24 32
Other current assets 0 53 64
Cash and cash equivalents 102 20
Total assets 455 362 330 379
Equity 387 293 254 236
Grants and subsidies
Liabilities 68 69 76 142
Financial liabilities 0 0 0 59
Long-term liabilities 46
Short-term liabilities 68 69 76 97
Equity and liabilities 455 362 330 379

Financial ratios

2021 2022 2023 2024
Capital return ratios
Return on assets (ROA) -15% -23% -11% -5%
Return on equity (ROE) -17% -28% -14% -7%
Return on capital employed (ROCE) -35% -44% -32% -28%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.16
Current Ratio 1.93 0.85 1.07 1.02
Quick ratio 1.91 0.79 1.03 0.99
Turnover ratios
Asset turnover 0.88 1.83 2.14 1.95
Fixed asset turnover 1.23 2.18 2.84 2.64
Equity turnover 1.03 2.25 2.78 3.13
Profitability ratios
EBITDA margin -4% -5% 2% 6%
Operating profit margin -34% -20% -12% -11%
Net profit margin -18% -14% -6% -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 „Varėnos autobusų parkas“
  • Legal formPrivate limited liability company (UAB)
  • Company code184536236
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionVarėna district municipality
  • Share belonging to the Municipal100%
  • Contacts https://varenosap.lt/
ROE

-7.4%

Number of employees

32

Financial data provided as at end-December 2024

Management

  • Juozas JaskonisChief Executive Officer

Information as of: 2025/06/01