1974-1975 — Page 20

NOTES TO THE OPERATING AND PROFIT & LOSS

ACCOUNTS

1.

2.

3.

Passenger revenue includes actual income and notional revenue arising from the reduction of students half-fare and full fare age limits from 18 years to 12 years and from 21 years to 18 years respectively and, the introduction of new fares on 4th November, 1974.

A revised basis of charging by the capacity utilised instead of the actual weight of items carried was introduced at the beginning of the year for calculating notional revenue on the carriage of mails.

Rental Receipts include notional rents of $386,331 for spaces used by the G.P.O. and G.I.S. to reflect market values.

4.

Depreciation on 40 new coaches introduced into the service on 4th November, 1974 has been provided for the period 4th November, 1974 to 31st March, 1975.

URBAN COUNCIL PUBLIC LIBRARIES

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