Annual Report 2010 - Ministry of Finance and Planning

4 | State Owned Enterprises (SOE)The conversion from wet lease to drylease also enabled MLL to further cutdown its operational costs.Sri Lanka Transport Board(SLTB)SLTB provides public transportcovering the road networkthroughout the Island. Its currentmarket share is around 20 percent.Following the strategy of increasingshort distance shuttle servicesbetween bus and railway stations,SLTB experienced a growth of 1.8percent in its total operated kilometersin 2010 compared to the previousyear, while its waybill increased inthe absence of a tariff revision by 9percent. However number of the busesoperated by SLTB in 2010 decreasedfrom 4,482 to 4,441 leading to areduction in the operated passengersper km per day by 15,537 during theyear. With total expenditure at Rs.22,390 million, recording a 7 percentincrease and total revenue at Rs. 21,560million recording a 4.6 percent increase,SLTB operations resulted in a loss of Rs.830 million in 2010 as against the lossof Rs. 297 million incurred in 2009. It isnoted that SLTB incurred losses despitethe government continuing to supportTable 4.25 > Key Performance Indicators of Sri Lanka Transport Board (SLTB)Unit 2005 2006 2007 2008 2009 2010*Operated Passenger Km/Day 663,340 713,753 835,313 857,033 951,476 935,939Revenue Per Km Rs/Km 40.37 46.56 45.08 41.47 41.36 42.91Total Revenue Rs.Mn 10,007 12,665 15,963 19,651 20,608 21,560Waybill Rs.Mn 6,417 7,917 10,695 12,973 13,442 14,658Season tickets Rs.Mn 285 199 359 528 536 542Special hires Rs.Mn 13 150 233 326 559 403School Season tickets subsidy Rs.Mn 226 227 500 600 1,383 1,370Socially obligatory bus service Rs.Mn 175 197 281 358 255 217subsidyOther Income Rs.Mn 251 422 345 503 904 2,120Salary subsidy/ uneconomical route Rs.Mn 2,512 3,547 3,545 4,362 3,527 2,250subsidyTotal Expenditure Rs.Mn 11,147 13,653 16,287 20,132 20,906 22,390Fuel cost Rs.Mn 3,632 4,696 6,228 8,505 7,134 7,177Cost of Tyres and Tubes Rs.Mn 1,362 1,576 1,886 1,126 1,333 1,336Salaries and wages Rs.Mn - - 5,954 6,803 8,807 8,434Total Government Contribution Rs.Mn 5,328 8,960 6,157 6,726 4,188 3099Recurrent Rs.Mn 3,891 4,976 3,545 4,842 3,527 2,250Capital Rs.Mn 1,437 3,984 2,612 1,884 661 849Net Loss Rs.Mn (1,140) (984) (325) (481) (297) (830)Total number of employees Nos 41,944 38,952 37,149 36,773 35,365 34,524Employment cost per employee Rs. 92,312 121,820 160,273 185,000 249,031 244,293Revenue per employee Rs. 238,580 325,144 429,702 534,387 582,723 624,493Source: Sri Lanka Transport Board*Un-audited228