2
Annex A
New Lantao Bus Co. Ltd.
Forecast Profit & Loss Account WITH Fare Increases
Actual 1978-79
Forecast
$1000
1979-80 $1000
1980-81* 1981-82
$1000
1982-83 $1000
Fare Revenue & Coach Hire
Petrol Station Commission
: 3,935.8
39.4
4,699.7
7.C89.4 7.939.2
8,891.0
3,975.2
81,0
4,780.7
121.5
7.210.9
151.8
189.8
8,091.0
9,080.8
Deduct
Wages & Allowances
Fuel
Depreciation
1,451.9 1,968.0
2,215.8 2,647.8
3,151.1
577.3
835.3 1,498.4
2,013.8
2,709.7
294.7
454.0
512.4
520.8
678.3
Repairs and Maintenance
719.7
815.5
929.5
1,073.6
1,195.4
Vehicle Insurance
64.4
104.8
173.5
174.0
223.6
Other Operating Expenses
119.8
134.6
150.1
176.2
202.4
Loss on Disposal of Fixed Assets
63.8
17.8
14.0
22.0
20.7
3,291.6
4,330.0
5,499.7
6,628.2
8,181.2
Operating Surplus
683.6
450.7
1,711.2
1,462.8
899.6
Deduct
Administration Expenses
489.6
608.6
748.4
862.2
1,003.1
Interest Payable
15.5
22.7
50.0
50.0
Pre Tax Profit on Bus Operation
178.5
(180.6)
912.8
550.6
43.6
(147.1)
Dividends and Interest Receivable
51.8
74.5
63.5
86.5
58.5
Provision for Diminution in value
of Investment
45.5
Profit/(Loss) for Year
184.8
(106.1)
976.3
637.1
(88.6)
Taxation
Post Tax Profit/(Loss)
6.0
178.8
147.9
108.3
(106.1) 828.4
528.8
(88.6)
Average Net Fixed Assets
2,003.4
2,711.7 3,431.4
3.413.3
3,496.9
Rate of Return on ANFA
Shareholders' Equity
Rate of Return on Equity
Fare increases assumed to take effect from 1.4.80
9,0
24%
3,220
3,750
4,202
15%
4,317
3,774
6,0
20%
12,6