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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

2018 2019 2020 2021
Revenue 541 546 441 399
Cost of goods sold 130 126 84 98
Gross profit (loss) 412 420 358 301
Gross profit margin 76% 77% 81% 75%
Operating expenses 407 436 411 437
Operating profit (loss) 5 -16 -54 -136
Operating profit margin 1% -3% -12% -34%
EBITDA 122 102 108 -15
EBITDA margin 23% 19% 25% -4%
Net profit (loss) 43 24 30 -74
Net profit margin 8% 4% 7% -18%

Balance sheet

2018 2019 2020 2021
Non-current assets 291 363 371 324
Intangible assets 1 1 0 0
Tangible assets 290 362 371 324
Financial assets
Other non-current assets
Current assets 160 154 186 130
Inventories and prepaid expenses 3 2 1 2
Accounts receivable in one year 93 67 122 27
Other current assets 62 102
Cash and cash equivalents 64 86
Total assets 453 519 557 455
Equity 408 431 461 387
Grants and subsidies 0 0 0
Liabilities 45 87 96 68
Financial liabilities
Long-term liabilities
Short-term liabilities 45 87 96 68
Equity and liabilities 453 519 557 455

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 10% 5% 6% -15%
Return on equity (ROE) 11% 6% 7% -17%
Return on capital employed (ROCE) 25% 13% 15% -38%
Capital structure and liquidity ratios
Debt / asset ratio (D/A)
Current Ratio 3.57 1.77 1.94 1.93
Quick ratio 3.51 1.74 1.92 1.91
Turnover ratios
Asset turnover 1.21 1.12 0.82 0.79
Fixed asset turnover 1.93 1.67 1.20 1.15
Equity turnover 1.40 1.30 0.99 0.94
Profitability ratios
EBITDA margin 23% 19% 25% -4%
Operating profit margin 1% -3% -12% -34%
Net profit margin 8% 4% 7% -18%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

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%
http://www.varenosap.lt/
ROE

0.2%

Number of employees

32

Financial data provided as at end-December 2021