BAKU, Azerbaijan, March 16
Tamilla Mammadova – Trend:
Tbilisi Transport Company ended 2019 with a loss of 71.3 million lari ($21.5 million), Trend reports via the company’s financial report.
The loss amount exceeds the Ministry of Finance’s forecast, according to it the loss has to be 20 million lari ($6.03 million) in 2019.
As of the document, the total revenue of the public transport operator company was 22 million lari ($6.6 million) up in 2019 and reached 152.8 million lari ($46.1 million). Including, the company's transportation revenue was 139.4 million lari ($42.07 million), parking revenue totaled 5.6 million lari ($1.6 million) and other revenue was 7.8 million lari ($2.3 million).
As for the main expenses, 118.9 million lari ($35.8 million) was spent on staff salaries, 34 million lari ($10.2 million) - on fixed assets, 24 million lari ($7.2 million) - on fuel costs, 21.1 million lari ($6.3 million) - on depreciation and amortization, 13.5 million lari ($4.07 million) - on electricity costs, 9.9 million lari ($2.9 million) - on various consumables, other operating expenses amounted to 19.2 million lari ($5.7 million).
In total, the company's expenses exceeded its revenues by 71.3 million lari ($21.5 million).
Tbilisi Transport Company ended 2018 with a loss as well, which amounted to 55.8 million lari ($16.8 million).
Revenues and Passenger Traffic of Tbilisi Transport Company:
- Metro - 72.46 million passengers, income 67.85 million lari ($20.4 million);
- Buses - 87.08 million passengers, income 66.80 million lari ($20.1 million);
- Cable Car - 4.78 million lari ($1.4 million).
The company’s assets were 405 million lari ($122.2 million) in late 2019.
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