Armenian Railways: Five Year Business Plan

Table 8 Base Case: Transportation CJSC, Passenger Line of Business

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Table 8 Base Case: Transportation CJSC, Passenger Line of Business (AMD Millions) Projected 2000 2001 2002 2003 2004 2005 Operating Revenue Freight revenue 0 0 0 0 0 0 Passenger revenue 141 156 169 183 198 214 Other revenue 0 0 0 0 0 0 Total 141 156 169 183 198 214 Operating Expenses Payroll 98 101 104 110 112 114 Social insurance 27 28 29 31 31 32 Materials 4 4 4 4 4 4 Fuel 11 11 12 12 12 12 Electric power supply 27 28 29 29 30 31 Depreciation 20 20 20 19 19 19 Other 150 154 159 164 168 172 Total 337 345 357 370 376 385 Payment to Rollingstock JSC 832 879 922 959 982 1028 Payment to Infrastructure JSC 716 728 742 754 763 776 Wagon hire (net) Bad debt (on current year's revenue) 0 0 0 0 0 0 Bad debt (on prior year's revenue) 0 0 0 0 0 0 Total Operating Expenses 1886 1952 2020 2083 2121 2189 Operating Income (1745) (1796) (1851) (1899) (1923) (1975) Table 9 Base Case: Transportation CJSC, Freight Line of Business (AMD Millions) Projected 2000 2001 2002 2003 2004 2005 Operating Revenue Freight revenue 4098 4480 4842 5250 5684 6158 Passenger revenue 0 0 0 0 0 0 Other revenue 301 329 355 385 417 452 Total 4398 4809 5197 5635 6101 6609 Operating Expenses Payroll 127 135 143 156 166 176 Social insurance 36 38 40 44 46 49 Materials 5 5 5 5 5 5 Fuel 15 15 16 16 16 17 Electric power supply 35 36 38 39 41 42 Depreciation 26 26 26 26 26 26 Other 196 203 212 220 229 237 Total 440 458 479 507 530 553 Payment to Rollingstock JSC 2124 2331 2521 2744 2995 3271 Payment to Infrastructure JSC 916 988 1066 1158 1267 1384 Wagon hire (net) 376 373 371 369 368 367 Bad debt (on current year's revenue) 82 90 97 105 114 123 Bad debt (on prior year's revenue) 95 19 0 0 0 0 Total Operating Expenses 4034 4259 4534 4884 5273 5697 Operating Income 364 550 664 751 828 912 Table 10 Base Case: Transportation CJSC, Balance Sheet, (AMD Millions) Actual Projected As of 31 December 1999 2000 2001 2002 2003 2004 2005 ASSETS Current Assets Cash and short term financial instruments 59.5 (557.0) (1492.9) (2345.7) (3122.2) (3826.1) (4488.5) Accounts Receivable For Passenger Service 12.3 13.7 14.8 16.1 17.4 18.8 For Freight Service 454.7 496.6 536.2 580.8 628.2 679.9 Other 34.6 37.8 40.9 44.3 48.0 52.0 Total Accounts Receivable 469.7 501.7 548.1 591.9 641.2 693.6 750.7 Inventories, Goods in Process, Other 63.4 63.1 65.1 67.6 70.1 72.3 74.6 Total Current Assets 592.6 7.7 (879.7) (1686.1) (2411.0) (3060.2) (3663.2) Long Term Assets Property, Plant & Equipment Original Cost 1065.5 1065.5 1065.5 1065.5 1065.5 1065.5 1065.5 Accumulated Depreciation 374.4 419.8 465.2 510.6 556.0 601.4 646.8 Net Property Plant & Equipment 691.0 645.6 600.2 554.8 509.4 464.0 418.7 Capital Construction Projects in Process 25.5 25.5 25.5 25.5 25.5 25.5 25.5 Long Term Investments 16.8 16.8 16.8 16.8 16.8 16.8 16.8 Total Long Term Assets 733.3 687.9 642.5 597.1 551.7 506.3 460.9 Total Assets 1325.9 695.6 (237.2) (1089.0) (1859.3) (2553.9) (3202.2) LIABILITIES & EQUITY Liabilities Current Liabilities Short Term Loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Accounts payable 786.5 1050.1 1112.5 1174.0 1243.6 1316.6 1400.9 Other 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Total Current Liabilities 786.5 1050.1 1112.5 1174.0 1243.6 1316.6 1400.9 Long Term Liabilities Long Term Loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other 0.0 157.3 78.7 23.6 2.4 0.0 0.0 Total Long Term Liabilities 0.0 157.3 78.7 23.6 2.4 0.0 0.0 Total Liabilities 786.5 1207.5 1191.1 1197.6 1245.9 1316.6 1400.9 Equity Capital 568.7 568.7 568.7 568.7 568.7 568.7 568.7 Retained Earnings Beginning balance 0.0 (29.3) (1080.6) (1997.0) (2855.4) (3674.0) (4439.2) plus net income (loss) (29.3) (1051.2) (916.5) (858.3) (818.6) (765.2) (732.7) less dividends paid 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Ending balance (29.3) (1080.6) (1997.0) (2855.4) (3674.0) (4439.2) (5171.9) Total Equity 539.4 (511.8) (1428.3) (2286.6) (3105.2) (3870.5) (4603.1) Total Liabilities & Equity 1325.9 695.6 (237.2) (1089.0) (1859.3) (2553.9) (3202.2) Table 11 Base Case: Transportation CJSC, Cash Flow, (AMD Millions) Projected 2000 2001 2002 2003 2004 2005 Operating Activities Net Income (1,051) (916) (858) (819) (765) (733) Add back expenses not requiring cash Depreciation 45 45 45 45 45 45 Loss on retirement of excess assets 0 0 0 0 0 0 Change in accounts receivable (reduction is source of cash) (32) (46) (44) (49) (52) (57) Change in prepaid assets, inventories & other short term assets (reduction is source) 0 (2) (3) (2) (2) (2) Change in long term assets other than property plant & equipment(reduction is source) 0 0 0 0 0 0 Change in current accounts payable & other short term liabilities (increase is source of cash) 264 62 62 70 73 84 Change in accounts payable older than one year (increase is a source of cash) 157 (79) (55) (21) (2) 0 Total Operating Activities (617) (936) (853) (777) (704) (662) Investing Activities Capital Investments 0 0 0 0 0 0 Financing Activities Changes in Loans & Credits (increase is source of cash) 0 0 0 0 0 0 Changes in Capital (increase is souce of cash) 0 0 0 0 0 0 Dividend Payments (use of cash) 0 0 0 0 0 0 Total Financing Activities 0 0 0 0 0 0 Total Sources and Uses (617) (936) (853) (777) (704) (662) Cash at beginning of period 59 (557) (1,493) (2,346) (3,122) (3,826) Cash at end of period (557) (1,493) (2,346) (3,122) (3,826) (4,488) Directory: ECA -> Transport.nsf -> ExtECADocByUnid ECA -> Phonetics and phonology ECA -> Brightspace Platform Requirements 1 Document Change History 1 Brightspace Platform Requirements 2 Brightspace Apps 5 About D2L 9 ECA -> Microservices in the Brightspace Cloud ECA -> Brightspace Assignment Grader for Android 6 ECA -> - ECA -> Brightspace Platform Requirements 1 Brightspace Apps 4 About D2L 9 ECA -> My Course series objective ExtECADocByUnid -> Review of sector transport, infrastructure and communications in bulgaria ExtECADocByUnid -> Review of the sectors transport, infrastructure and communications in romania Download 0.9 Mb. 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