Annual Report 2008 - Ministry of Finance and Planning

3. Performance of Public Enterprises
164
Sri Lanka Transport Board (SLTB)
The number of buses operated by the SLTB has increased
to 4246 in 2008 from 4074 in 2007. The operated passenger
Kilometers per day has also increased from 851,119 in
2007 to 857,033 in 2008. However, the annual revenue was
inadequate to meet operational expenditure of SLTB in
year 2008 since the cost of employment has increased. The
failure to implement the proposed Voluntary Retirement
Scheme (VRS) has caused an increase in the total cost of
employment. The financial woes would have also been
attributed to the facts that the SLTB has not been allowed to
increase bus fare to meet the cost. Therefore, the Treasury
increased its allocations to the SLTB for the year 2008. It
is expected that in 2009 the SLTB should be able to bring
to the breakeven with the low fuel prices provided that the
proposed VRS scheme is implemented.
Table 3.23
Overall Performance of SLTB
Unit 2006 2007 2008
No of Operated Buses No 3,776 4,074 4,246
Operated Passenger Km/Day 713,753 851,119 857,033
Revenue per Km Rs/Km 46.56 50.60 50.65
Total Revenue Rs.Mn 12,665 15,440 18,083
Waybill “ 7,917 10,695 12,973
Season Tickets “ 199 359 293
Special hires “ 150 233 326
Advertising “ 6 3 235
School Season tickets “ 227 473
Uneconomic Route subsidy “ 197 281 358
Other Income “ 422 345 1,078
Salary Subsidy “ 3,547 3,051 2,820
Total Expenditure Rs.Mn 13,653 15,807 19,351
Fuel cost “ 4,696 6,228 8,505
Cost of tyres &Tubes “ 1,576 1,886 1,126
Government Contribution
Rs.Mn
Recurrent “ 4,976 3,654 5,638
Capital “ 3,984 2,612 1,884
Net Loss “ (984) (366) (1,268)
Total number of employees No. 38,952 37,149 36,043
Total Cost of employees Rs.Mn 4,745 4,781 6,933
Revenue per employee Rs ‘000 325,144 415,624 501,706
Source: Sri Lanka Transport Board.
Ministry of Finance and Planning Sri Lanka
Annual Report 2008