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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

2019 2020 2021 2022
Revenue 546 441 399 661
Cost of goods sold 126 84 98 550
Gross profit (loss) 420 358 301 111
Gross profit margin 77% 81% 75% 17%
Operating expenses 356 335 369 234
Operating profit (loss) -16 -54 -136 -129
Operating profit margin -3% -12% -34% -20%
EBITDA 102 108 -15 -35
EBITDA margin 19% 25% -4% -5%
Net profit (loss) 24 30 -74 -94
Net profit margin 4% 7% -18% -14%

Balance sheet

2019 2020 2021 2022
Non-current assets 363 371 324 303
Intangible assets 1 0
Tangible assets 362 371 324 303
Financial assets
Other non-current assets
Current assets 154 186 130 58
Inventories and prepaid expenses 2 1 2 4
Accounts receivable in one year 67 122 27 34
Other current assets 62
Cash and cash equivalents 86 102 20
Total assets 519 557 455 362
Equity 431 461 387 293
Grants and subsidies 0 0
Liabilities 87 96 68 69
Financial liabilities 0 0 0 0
Long-term liabilities
Short-term liabilities 87 96 68 69
Equity and liabilities 519 557 455 362

Financial ratios

2019 2020 2021 2022
Capital return ratios
Return on assets (ROA) 5% 6% -15% -23%
Return on equity (ROE) 6% 7% -17% -28%
Return on capital employed (ROCE) -4% -12% -35% -44%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.00 0.00 0.00 0.00
Current Ratio 1.77 1.94 1.93 0.85
Quick ratio 1.74 1.92 1.91 0.79
Turnover ratios
Asset turnover 1.05 0.79 0.88 1.83
Fixed asset turnover 1.50 1.19 1.23 2.18
Equity turnover 1.27 0.96 1.03 2.25
Profitability ratios
EBITDA margin 19% 25% -4% -5%
Operating profit margin -3% -12% -34% -20%
Net profit margin 4% 7% -18% -14%
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%
https://varenosap.lt/
ROE

-27.7%

Number of employees

32

Financial data provided as at end-December 2022

Management

  • Juozas JaskonisChief Executive Officer

Information as of: 4/30/2023