Teksts
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During the first nine
months of 2014, the Group's net revenue reached EUR 11 442 954,
where of the revenue of AS “Liepājas autobusu parks” and the
subsidiary companies of AS “Liepājas autobusu parks” accounted for
EUR 8 126 110 and EUR 3 316 844, respectively.
By setting up and acquiring companies the Group seeks to expand its
operations in the transport industry and has an aim to become a
leading transport company in Latvia in the future. In 2014, the
Group will continue implementing the strategy that was successfully
commenced in 2012.
In first nine months of 2014, the solvency ratio (equity/assets
ratio) of the Group was 0.37 which suggests that the equity of the
Group accounts constitutes almost 40% of their total assets.
In first nine months of 2014, the Group's quick liquidity ratio
(cash/short-term liabilities) is 0.69 which suggests that it is
able to pay almost 70% of short term liabilities with funds.
In first nine months of 2014, the overall liquidity ratio of the
Group (current assets/short-term liabilities) is 1.18
The Group's solvency, quick liquidity and overall liquidity ratios
concludes that the Group is capable of covering all of current
liabilities within a short term and that the liabilities (including
bank loans and leases) account for 63% of the Group's total
assets; the remainder is represented by the Group's equity.
In first nine months of 2014, the average number of the Group's
employees was 545.
During the first nine monhts of 2014, the highest and lowest price
registered for the share of AS “Liepājas autobusu parks” at the
Stock Exchange “NASDAQ OMX Riga” was EUR 2.87 and EUR 1.66
respectively, but first and last was EUR 1.66 and EUR 2.87,
respectively.
The Group's net earnings per share in first six months of 2014 was
EUR 0.646, in 2013 EUR 0.288.
In 2014, the Group's parent company carried on work involving the
upgrading of production facilities and equipment as well as
improving the structure of production and human resource
organisation focusing on the measures aimed at improving the
company's position in tenders in which passenger transportation
contracts are awarded. To develop and expand company’s types of
transportiation services, Group's parent company has concluded the
cooperation agreement with AS “Air Baltic Corporation” on provision
of bus services for "airBaltic" passengers flying to and from the
international airport "Riga.
SIA Baltic Taxi is performing business providing good quality taxi
services in Riga, territories near Riga and in Liepaja. SIA Baltic
Taxi is progressively improving and developing range of services
and its quality. SIA Baltic Taxi is maintaining it’s brand’s
recognisability and determine quality of taxi services in
Latvia. Customers approve opportunity to use new and modern motor
vehicle fleet and pleasant service. The motor vehicle fleet is
regularly restored to provide its high quality standards.
During the reporting period SIA Baltic Taxi carried on its economic
operations and successfully delivered on the objectives set by its
shareholders. SIA Baltic Taxi is developing franchising to involve
new partnership enterprises. At the end of the reporting period it
had 166 motor vehicles, which generally are provided from partner
companies.
Vehicle fleet’s management programm and control processes of SIA
Baltic Taxi are being optimised and renewed to continue expanding
market share – to increase quantity of customers, but don’t
decrease quality.
Non-audited JSC "Liepājas autobusu parks" Financial Report and
Consolidated Financial Report for the first 9 months of 2014 please
find attached.
Chairman of the Board
JSC "Liepājas autobusu parks"
Leonīds Krongorns
leo.krongorns@lap.lv
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