SLIDE 1
Northern Sunshine Coast Presentation Powell River July 5, 2005 - - PowerPoint PPT Presentation
Northern Sunshine Coast Presentation Powell River July 5, 2005 - - PowerPoint PPT Presentation
Northern Sunshine Coast Presentation Powell River July 5, 2005 Comox July 6, 2005 Presented by: Rob Clarke Executive Vice President, Finance and Chief Financial Officer Presentation Overview Route 1 7 and 1 8 Direct revenues and
SLIDE 2
SLIDE 3
3
Presentation Overview
Direct revenues and operating expenses Indirect revenues and expenses Allocations Financial Data for:
− Route 17 Comox – Powell River − Route 18 Powell River – Texada Island
Route 1 7 and 1 8
SLIDE 4
4
Direct Revenues & Expenses
Direct revenues are revenues that can be directly attributable to a route. These include tariffs, catering revenues and parking fees. Direct operating expenses are costs incurred in the
- peration and maintenance of vessels and terminals.
SLIDE 5
5
I ndirect Revenues & Expenses
Indirect revenues are revenues that are not directly attributable to a route. These include foreign exchange and marketing rights. Indirect expenses are costs incurred at the corporate level to support operations. These costs include amortization, financing expense, corporate services, income/ loss from subsidiary companies and gain/ loss on the sale of fixed assets.
SLIDE 6
6
Allocations
When there is no direct link to a route, the revenues and expenses are allocated to routes based on the driver of the item. Examples include:
− Vessel sailing hours (used to allocate marine insurance and vessel refit and maintenance) − Vehicle through put (used to allocate terminal costs) − Net book value of capitalized assets (used to allocate financing expense)
SLIDE 7
7
Pow ell River/ Com ox Sum m ary
15,604 14,884 14,795 Total Revenue ( 2 ,9 1 3 ) 3 6 3 1 Net I ncom e ( Loss) 10 28 Loss on disposal of fixed assets 553 541 1,187 Financing Expense 1,308 1,215 971 Amortization 16,646 13,064 12,606 Operating Expenses 8,606 8,516 8,468 Government Fees for Service 6,327
2 0 0 4 Forecast
6,998 6,368 Revenue from Customers
2 0 0 5 Prelim inary 2 0 0 4 Actual $ Thousands
SLIDE 8
8
Pow ell River/ Texada Sum m ary
5,093 5,025 5,160 Total Revenue ( 4 0 9 ) ( 7 2 8 ) 8 9 7 Net I ncom e ( Loss) 1 41 Loss on disposal of fixed assets 267 173 302 Financing Expense 403 348 145 Amortization 4,831 5,191 3,816 Operating Expenses 4,234 4,221 4,216 Government Fees for Service 944
2 0 0 4 Forecast
859 804 Revenue from Customers
2 0 0 5 Prelim inary 2 0 0 4 Actual
SLIDE 9
9
Route 1 7 Revenue from Custom ers
6 ,9 9 8 6 ,3 6 8 6 ,3 2 7 Total 115 121 250 Parking & Other 563 506 479 Net Catering 5,598
2 0 0 4 Forecast
6,320 5,741 Tariff Revenue
2 0 0 5 Prelim inary
SLIDE 10
10
Route 1 8 Revenue from Custom ers
8 5 9 8 0 4 9 4 4 Total 24 19 40 Other 3 3 5 Net Catering 899
2 0 0 4 Forecast
832 782 Tariff Revenue
2 0 0 5 Prelim inary 2 0 0 4 Actual $ Thousands
191,368 193,330 215,059 Passenger Traffic 95,024 92,812 105,918 Vehicle Traffic
SLIDE 11
11
Governm ent Fees for Service
Route 1 7 8 ,6 0 6 8 ,5 1 6 8 ,4 6 8 Total 1,693 1,667 1,661 Federal Contract 623 560 518 Social Programs 6,289
2 0 0 4 Forecast
6,290 6,289 Ferry Service Fees
2 0 0 5 Prelim inary
SLIDE 12