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$8,638,167.15 was $879,578.08 more than the previous year. Operating expenditure at $4,096,150.70, was $489,355.63 more than the previous year. The ratio of expenditure to revenue was 47.42% as against 46.49% last year, an increase of 0.93%.
28. Passenger revenue totalled $5,240,803.23 an increase of $739,924.79 compared with the previous year while goods revenue totalled $1,605,756.90 an increase of $6,473.45 over the previous year. 29. The Profit and Loss Account showed a net profit of $2,668,861.92-a figure $419,418.81 more than the previous year. The total surplus carried forward in the Balance Sheet now amounts to $3,391,910.31 after Amortization of Special Expenditure by $3,000,000.00 during the year.
30. Capital outlay on additions and improvements amounted to $692,176.28, the main item of which was $489,575 for conversion of six wooden coaches to steel.
31. The book value of realizations under the heading of property abandoned totalled $265.38. The total book value of capital assets rose from $50,207,784.17 to $50,899,695.07 an increase of $691,910.90.
32. The accounts for the year, together with a summary of financial results for the past three years, are at Appendices I to V.
MECHANICAL WORKSHOPS
33. Locomotives. The five diesel electric locomotives were fully employed in operating practically all traffic except when withdrawal for routine inspection or failure necessitated relief by steam engines. Steam locomotives were rarely used except for this purpose, and for handling extra traffic for holidays and festivals.
34. All locomotives ran very well with the exception of locomotive No. 52 which had a broken cylinder due to the seizure of the piston on its liner. This locomotive was out of service for nearly two months.
35. During the year twenty six 5,000 mile inspections, fourteen 10,000 mile inspections and ten 30,000 mile inspections were performed on the diesel electric locomotives. The wheels of locomotive No. 51 were changed and the tyres on the wheels of locomotives Nos. 53, 54 and 55 were turned.
36. The availability factor of the diesel electric locomotives for the year was 91.12% which is 6.41% lower than the previous year. This drop was affected by the failure of locomotive No. 52.
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