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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

Zarasų valstybinis autobusų parkas was established on January 29, 1992, and in 2002 December 4th UAB „Zarasų autobusai“ was registered. The main activity of the company is the transportation of passengers by buses on local and long-distance regular road transport routes. UAB „Zarasų autobusai“ is a member of the Lithuanian National Road Carriers Association Linava.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 1,083 1,098 610 447
Cost of goods sold 893 847 517 461
Gross profit (loss) 190 251 93 -14
Gross profit margin 18% 23% 15% -3%
Operating expenses 211 248 195 115
Operating profit (loss) -21 3 -102 -129
Operating profit margin -2% 0% -17% -29%
EBITDA 70 89 -31 -62
EBITDA margin 6% 8% -5% -14%
Net profit (loss) -11 17 -95 -116
Net profit margin -1% 2% -16% -26%

Balance sheet

2018 2019 2020 2021
Non-current assets 373 323 247 182
Intangible assets
Tangible assets 372 322 247 181
Financial assets
Other non-current assets 1 1 1 1
Current assets 152 169 336 376
Inventories and prepaid expenses 30 33 30 29
Accounts receivable in one year 113 91 71 135
Other current assets
Cash and cash equivalents 9 45 236 212
Total assets 534 501 588 561
Equity 162 179 176 115
Grants and subsidies 9 28 21 14
Liabilities 363 295 390 432
Financial liabilities 196 189 85 24
Long-term liabilities 122 54 80 141
Short-term liabilities 241 241 310 291
Equity and liabilities 534 501 588 561

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) -2% 3% -17% -20%
Return on equity (ROE) -7% 10% -53% -80%
Return on capital employed (ROCE) -4% 19% -67% -85%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 1.21 1.06 0.48 0.20
Current Ratio 0.63 0.70 1.08 1.29
Quick ratio 0.51 0.57 0.99 1.19
Turnover ratios
Asset turnover 1.89 2.12 1.12 0.78
Fixed asset turnover 2.68 3.16 2.14 2.08
Equity turnover 6.46 6.44 3.43 3.06
Profitability ratios
EBITDA margin 6% 8% -5% -14%
Operating profit margin -2% 0% -17% -29%
Net profit margin -1% 2% -16% -26%
Other ratios
Dividends to the Municipality
Dividends paid / net profit

Financial statments

Expectations of the municipal

About the company

  • Official nameUAB „Zarasų autobusai“
  • Legal formPrivate limited liability company (UAB)
  • Company code187823316
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionZarasai district municipality
  • Share belonging to the Municipal100%
http://www.zarasuautobusai.lt/
ROE

-79.8%

Number of employees

60

Financial data provided as at end-December 2021