STOL REPORT (Renfe)

REPORT

THE BEST ECONOMIC RESULTS IN THE HISTORY OF RENFE

SARA SANTAMARIA

The increase of the total incomes of 2.705 millions and the reduction of the costs in 5.338 millions show better economic results of Renfe of 8.043 millions of pesetas in relation to the results of 1997.

Miguel Corsini, president of Renfe.

The economic results of 1998 are the best of in the history of Renfe. The company has got a result of 11.267 millions of pesetas, a number that multiplies by 3,5 times the ones of 1997. The total incomes have experienced an increase of 2.705 millons, while the costs have been reduced in 5.338 millions, what means an improvement of the previous economic results of 8.043 millons of pesetas.

The just mentioned improvement, depending on the auditory, has been got even with the decrease of the inversions on thepart of the State. This is so, the State has donated through the Contract-Programme 13.750 millions of pesetas less than in the previous economic exercise.

This way, Renfe have generated at the end of this economic exercise, the improvement of its results in managment of 21.793 millions of pesetas, given that to the improvement of the results (the 8.043 millions) there would be necessary to add the donations of the State (that must be considered like incomes, following the Community Directive, have been reduced in the just mentioned 13.750 millions, what means an improvement in the management of Renfe that can be translated in 21.793 millions of pesetas.

The grouth of the incomes

The total incomes have grown in 1998 in 2.705 millions of pesetas. These have developed from 472.179 millions in 1997 to 474.884 millions of pesetas of the last economic exercise.

By concepts, the growths of the volume of bussiness of AVE are emphasized- 111,6%- and of the Long Lines-a 10,5%.

In relation to the total incomes, it is important to emphasize the donations of the State, in the course of the Contract-Programme subscribed by Renfe and the State. These incomes have been reduced in 13.750 millions of pesetas, taking into account the 257.851 millions of 1997 to 244.101 millions of pesetas in 1998. By doing this, the State have given 13.750 millions of pesetas in 1998 less than in 1997 and this with a level of traffic and quality that are growing.

The Contract-Programme Renfe-State is compossed by five agreement: Short Stretchts, that is considered to be an essential public service for the access to the big cities-Regionals, also consdidered a public service, due to its contribution to the vertebration of the territory-, Management of the Substructure- that belongs to the State, but that is maintained, following the Contract, by Renfe-, the Management of the debt- the abandonement of the interests that provokes the debt that the State have with Renfe- and the Planning of Viability- the financiation of the unities of bussiness that may have as a result some rentability-.

Alaris, one of the services put into use by Renfe.

The costs decrease

The costs have decreased in 1998 in 5.338 millions, until placing it in 463.167 millions of pesetas.

The most important reduction of the cost is found in the interestswith a decrease of 14.685 millions of pesetas in relation to the previous economic results. This is so, this economic results have come from 94.629 millions of pesetas of 1997 to 79.944 millions in 1998.

A great decrease have also been experienced, of 4,4%, the money dedicated to pay the costs of the energy of traction- the consume of the energy to make possible the movement of the trains-. This money, that in 1997 meant a cost of 25.652 millions of pesetas, has been reduced in 1.129 millions of pesetas, until placing in 24.523 millions of pesetas in 1998.

The result and the net improvement

This is so, the result of Renfe in 1998, depending on the close of the economic results and of auditory, has been placed in 11.267 millions of pesetas (474.884 millions of pesetas of total of the incomes and 463.617 millions of costs).

**INCOMES**
	1998	1997	ABS	%
Incomes from traffic	181.321	170.018	11.303	7
-- Short stretchts	38.707	37.595	1.112	3
-- Regionals (*)	16.547	15.606	881	6
-- High-Speed	23.456	21.012	2.444	11,6
-- Grreat Lines	48.316	43.742	4.574	10,5
-- Cargo	35.994	34.516	1.428	4,1
-- Mixed Transport	18.351	17.487	864	4,9
Other commercial incomes	49.462	44.310	5.152	11,6
OWN INCOMES	230.783	214.328	16.455	7,7
-- Short stretchts	41.348	42.328	-980	-2,3
-- Regionals	7.145	7.114	31	0,4
-- Management of Substructure	125.516	125.976	460	0,3
-- Interests debt of the State	34.468	37.384	-2.916	-20,9
-- Planning of Viability	35.624	45.048	-9.424	6
INCOMES FROM THE STATE	244.101	257.851	-13.750	-5,3
TOTAL OF INCOMES	474.884	472.179	2.705	0,5
(*) include the agreements with CC.AA.


COSTS
	1998	1997	ABS	%
-- Costs of staff	163.187	161.046	2.141	1,3
-- Energy of traction	24.523	25.652	-1.129	-4,4
-- Material and services	103.505	94.478	9.027	9,6
-- Porvissions	10.021	10.206	-185	-1,8
-- Amortizations	80.187	79.894	293	0,4
-- Interests	79.944	94.629	-14.685	-15,5
-- Extra-costs	2.250	3.050	-800	-115,5
TOTAL OF COSTS	463.617	468.955	-5.338	-1,3









TOTAL OF INCOMES	474.884	472.179	2.705	0,5
TOTAL OF COSTS	463.617	468.955	-5.338	-1,3

Go back to the Reports main page

Go back to the STOL main page