1977-1978 — Page 24

KOWLOON-CANTON RAILWAY

Operating Account for the year ended 31st March 1978

APPENDIX II

INCOME

Notes

1978

1977

$'000

$'000

Passenger services

Goods services

Rent and miscellaneous receipts

Subsidy for scholar tickets

2545

15,388

11,867

3

20,166

17,751

3,395

3,378

3,058

3,353

Income from postal service and other

government use

Interest receivable

67

6

1,918

1,731

7

537

828

44,462

38,908

EXPENDITURE

Staff cost

8

21,090

17,581

General operating expenses

9

12,570

10,025

Contractor's work on goods services

10

3,823

3,199

Administration

11

1,640

1,539

Depreciation

12

3,925

2,454

43,048

34,798

SURPLUS during the year

Accumulated surplus brought forward

1,414

4,110

63,483

60,606

64,897

64,716

APPROPRIATIONS

Replacement reserve

424

1,233

Accumulated surplus carried forward

64,473

63,483