INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 1992
|
Notes
|
1992/93
|
1991/92
|
|
|
R'000
|
R'000
|
| Turnover |
15
|
429 553
|
374 793
|
| Income
|
|
437 553
|
374 793
|
| Fare
revenue |
|
329 681
|
309 793
|
| Infrastructure
assets rental |
|
73 251
|
47 000
|
| Income
from property management |
|
26 621
|
18 000
|
| Sundry
income |
|
8 000
|
0
|
|
|
|
|
| Expenditure |
|
1
339 130
|
1
234 283
|
| Management
and agency fee |
16
|
1
191 768
|
1
115 000
|
| Depreciation |
|
105
262
|
100
176
|
| Head
office expenditure |
17
|
13
945
|
7
162
|
| Security |
|
4
608
|
11
494
|
| Administration
fee for long term loans |
|
63
|
366
|
| Audit
fee |
18
|
94
|
85
|
| Provision
for insurance |
|
21
000
|
0
|
| Insurance
premiums |
19
|
2
390
|
0
|
|
|
|
|
| Operating
deficit before interest and extraordinary item |
|
(901
577)
|
(859
490)
|
| Net
operating loss in subsidiary |
|
72
|
0
|
|
|
(901
649)
|
(859
490)
|
| Interest
received |
20
|
124
102
|
222
553
|
|
|
(777
547)
|
(636
937)
|
| Interest
paid |
21
|
286
745
|
244
148
|
|
|
(1
064 292)
|
(881
085)
|
| Less: |
|
|
|
| Extraordinary
item |
22
|
0
|
150
000
|
|
|
|
|
| Operating deficit before
State compensation |
|
(1
064 292)
|
(1
031 085)
|
| State compensation |
23
|
50
000
|
880
874
|
| Operating deficit for
the year |
|
(1
014 292)
|
(150
211)
|
| Net operating deficit
at beginning of the year |
|
(150
000)
|
0
|
| Net
income attributable to period prior to establishment |
24
|
0
|
211
|
| Accumulated
deficit at end of the year |
5
|
(1
164 292)
|
(150
000)
|
|
