Tbilisi Transport Company ended 2019 with a loss of 71.3 million GEL, - the company’s financial report reads. The loss amount exceeds the Ministry of Finance’s forecast, according to it the loss has to be 20 million GEL in 2019.
As of the document, the total revenue of the public transport operator company was 22 million GEL up in 2019 and reached 152.8 million GEL. Including, the company's transportation revenue was 139.4 million GEL, parking revenue totaled 5.6 million GEL and other revenue was 7.8 million GEL.
As for the main expenses, 118.9 million GEL was spent on staff salaries, 34 million GEL - on fixed assets, 24 million GEL - on fuel costs, 21.1 million GEL - on depreciation and amortization, 13.5 million GEL - on electricity costs, 9.9 million GEL - on various consumables, other operating expenses amounted to 19.2 million GEL.
In total, the company's expenses exceeded its revenues by 71.3 million GEL.
Tbilisi Transport Company ended 2018 with a loss as well, which amounted to 55.8 million GEL.
Revenues and Passenger Traffic of Tbilisi Transport Company:
Metro - 72,469,777 passengers, income 67,851,000 GEL;
Buses - 87,086,975 passengers, income 66,802,000 GEL;
Cable Car - 4,788,000 GEL.
The company’s assets were 405 million GEL in late 2019.
