Annual Report 2008 - Ministry of Finance and Planning

3. Performance of Public Enterprises
163
Although the SLPA has incurred considerable losses in 2008
and 2007 its liquidity position recorded a surplus. The total
foreign loans outstanding in 2008 are Rs.55, 387 million. The
Treasury has arranged a loan facility of Rs.11,583.2 million
to the SLPA for the development of Colombo South Break
Water Project, the Hambantota, Port Development Project,
Galle Port Expansion Project and Oluvil Port Development
Project and Gall Face Green Project.
No contribution has been made to the government in the
form of special levy or dividend due to the decline in its
profitability. The cost of wages & salaries and overtime has
decreased by 4.4 percent in 2008. Further, the overall cost of
operation and administration expenses also has decreased
to Rs.6,289 million in 2008 from Rs. 6,849 million in 2007.
Table 3.22
Financial highlights of Sri Lanka Ports Authority
Unit 2006 2007 2008
Vessels Arrived Nos 5,117 5,366 5,430
Colombo “ 4,623 4,760 4,771
Galle 267 304 333
Trincomalee 267 302 326
Total cargo handled 30,817,953 31,826,571 33,545,687
Revenue Rs. Mn. 23,004 25,913 25,143
Colombo 22,318 25,296 24,561
Galle 465 361 268
Tincomalee 221 256 314
Total expenditure Rs.Mn. 18,216 23,562 23,398
Colombo 17,196 22,265 22,159
Galle 515 636 647
Tincomalee 506 661 592
Employment Nos. 13,691 13,667 13,658
Colombo 12,383 12,470 12,495
Galle 689 577 613
Tincomalee 619 620 550
Revenue per Employee Rs. Mn. 1.7 1.9 1.8
Cost per Employees Rs. Mn 1.3 1.7 1.7
Total cost of employment per Tone Rs./Ton 8,936 14,013 13,388
Net profit per Tone Rs./Ton 155 74 52
Foreign loan Rs. Mn 38,521 39,334 51,188
Interest on foreign loan Rs. Mn. 1,115 1,147 1,211
Foreign Exchange gain/loss “ (1,168) (3,944) (11,790)
Source: Department of Public Enterprises / Sri Lanka Ports Authority
Ministry of Finance and Planning Sri Lanka
Annual Report 2008