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ACCOUNTING DEPARTMENT--Short Description of System

SHORT DESCRIPTION



ACCOUNTS DEPARTMENT

The transport. Operation of the Massawa Agordat line Railways was in deficit during the years 1945/1948 E.C. But now with the volume of the increased traffic and the running decreased cost of the trains with the introduction of the Diesel Hydraulic locomotives, our accounts show each year an ever increasing substantial profit as shown hereunder:

The results of the working of the Railway for the year 1956 as compared with the year 1954/55 gave the following results:

1954/1955
1955/1956
Eth. $2,574,516.76
gross receipts  Eth. $2,733,l56.29 
Eth. $2,230,456.49  working expenses Eth. $2,316,328.19 
Eth. $344,060.27  Surplus  Eih. $416,828.10 

GROSS RECEIPTS increased by E.$ 158,639.53 or 6.16%, and the WORKING EXPENSES increased by E.$85,871.70 or 3,85%

A. summary of the traffic receipts and earnings per passengers, tons and tons/kilometers compared with the previous year 1954-55 are given below:
 

Unit 1955/1956 1954/1955
Passenger traffic
Goods traffic
Eth. $
Eth. $
321,144
2,191,310
362,152
2,025,343
Total passenger/km
Average receipt per pass/km
Average receipts per passenger journey 
Pass/km
Cents
Cents
20,227,434
1.58
78
19,980,835
1.55
78
Total Ton/kilometers 
Revenue earning Goods
Average receipt per ton
Average receipt per ton/km
Ton/km
Tons
Eth. $
Cents
22,122,597
194,149
11.21
9.9 
19,904,507
177,682
11.39
10.19 
 

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