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A snippet from the GWSR Boardroom: September 2017

 
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Derby4



Joined: 21 Mar 2009
Posts: 1718

PostPosted: Tue Sep 05, 2017 5:27 pm    Post subject: A snippet from the GWSR Boardroom: September 2017 Reply with quote

Half-year figures to 31st July posted on their website.

Passenger numbers slightly up at 46550.

Turnover almost 1million.

Operating profit 225,000.

Five paid staff and 900 volunteers.

Posted here purely out of interest/curiosity.

Rob
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bradleyman



Joined: 23 Jun 2007
Posts: 827

PostPosted: Fri Sep 08, 2017 5:33 pm    Post subject: Re: A Snippet from the GWSR Boardroom Reply with quote

Derby4 wrote:
Half-year figures to 31st July posted on their website.

Passenger numbers slightly up at 46550.

Turnover almost 1million.

Operating profit 225,000.

Five paid staff and 900 volunteers.

Posted here purely out of interest/curiosity.

Rob


Curiosity might extend to a question as to how many s have been set aside for PW, structural, drainage, S&T etc etc renewals before arriving at a "profit" figure. Or is this simply the difference between income and direct operating costs for the period in question?
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hearn_p



Joined: 15 Nov 2003
Posts: 5678
Location: North Somerset

PostPosted: Fri Sep 08, 2017 6:43 pm    Post subject: Reply with quote

Accounting rules mean one can account for repairs undertaken by charging them to the Profit & Loss in the year you do them, or amortise them over several following years. You're right that 'profit' doesn't necessarily reflect future liabilities.

I think I'm right in saying most heritage railways don't make provision for major repairs before they happen. Other than depreciation the SVR doesn't make an annual provision to, say, fund replacing rail over a forty year period by charging one-fortieth of 32 miles of rail. Nor is the coming 1.25m repair of Falling Sands already provided for on the SVR's P&L (fingers crossed for the HLF bid).

Patrick
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RichardS



Joined: 13 Feb 2005
Posts: 51

PostPosted: Thu Sep 14, 2017 5:52 am    Post subject: Reply with quote

From issue 199 of the SVR News, page 6;

To end of July cumulative 92759 passengers (against 88905 in 2016)

Passenger numbers in July 22485 giving a profit of 166k.

July numbers being a little disappointing.

Discuss....
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