Professional Documents
Culture Documents
OF
TRIVANDRUM INTERNATIONAL AIRPORT
ABSTRACT
The primary objective of the study is to analyze and evaluate the various
financial statements of Trivandrum Airport.
The data in the study is summarized by using tables and various charts.
1
ACKNOWLEDGEMENT
I take the opportunity to thank profusely Mr. Saji Sam Accounts Manager
Trivandrum International Airport, for his excellent guidance and needful
discussions without which this project would not have been successful.
Last but not least, a bouquet of love and gratitude to my parents for
showering me with the moral support and love when ever I needed. My sincere
thanks to my friends on whom I can turn on for anything and who had been a
pillar of strength and support throughout the completion of this work. I wish to
thank all others who had encouraged me directly or indirectly for the successful
completion of this project.
2
TABLE OF CONTENTS
3
LIST OF TABLES
4
PAGE
S.No TITLE
No
4.1 TABLE SHOWING FIXED ASSET 26
TURNOVER RATIO
4.2 TABLE SHOWING CURRENT RATIO 28
4.3 TABLE SHOWING REVENUE STAFF 30
COST RATIO
4.4 TABLE SHOWING OPERATING COST 32
RATIO
4.5 TABLE SHOWING REVENUE SECURITY 34
EXPENSES RATIO
4.6 TABLE SHOWING DEPRECIATION COST 36
RATIO
4.7 TABLE SHOWING ADMINISTRATIVE 38
COST RATIO
4.8 TABLE SHOWING NET PROFIT RATIO 40
4.9 TABLE SHOWING WORKING CAPITAL 42
TURNOVER RATIO
4.10 TABLE SHOWING DEBTORS TURNOVER 44
RATIO
4.11 TABLE SHOWING COMPARATIVE 46
INCOME AND EXPENDITURE
STATEMENT FOR THE YEAR 2002-03
AND 2003-04
4.12 TABLE SHOWING COMPARATIVE 48
INCOME AND EXPENDITURE
AND 2004-05
4.13 TABLE SHOWING COMPARATIVE 50
INCOME AND EXPENDITURE
AND 2005-06
4.14 TABLE SHOWING COMPARATIVE 52
INCOME AND EXPENDITURE
LIST OF CHARTS
PAGE
S.No TITLE
No
4.1.1 CHART SHOWING FIXED ASSET TURNOVER 27
RATIO
4.2.2 CHART SHOWING CURRENT RATIO 29
4.3.3 CHART SHOWING REVENUE STAFF COST 31
RATIO
4.4.4 CHART SHOWING OPERATING COST RATIO 33
4.5.5 CHART SHOWING REVENUE SECURITY 35
6
EXPENSES RATIO
4.6.6 CHART SHOWING DEPRECIATION COST 37
RATIO
4.7.7 CHART SHOWING ADMINISTRATIVE COST 39
RATIO
4.8.8 CHART SHOWING NET PROFIT RATIO 41
4.9.9 CHART SHOWING WORKING CAPITAL 43
TURNOVER RATIO
4.10.10 CHART SHOWING DEBTORS TURNOVER 45
RATIO
4.15.11 DU PONT CONTROL CHART FOR THE YEAR 54
2002-03
4.16.12 DU PONT CONTROL CHART FOR THE YEAR 56
2003-04
4.17.13 DU PONT CONTROL CHART FOR THE YEAR 58
2004-05
4.18.14 DU PONT CONTROL CHART FOR THE YEAR 60
2005-06
4.19.15 DU PONT CONTROL CHART FOR THE YEAR 62
2006-07
7
INTRODUCTION
2. Balance sheet
8
4. A statement of changes in financial position
Statement of
retained Financial
earnings Statements
Statement of
Income changes in Balance
Statement financial sheet
position
9
2. Suppliers of long-time debt, on the other hand, are concerned
with the firm’s long-term solvency and survival. They analyze the firm’s
profitability over time, its ability to generate cash to be able to pay
interest and repay principal and the relationship between various
sources of funds.
3. Investors, who have invested their money in the firm’s shares, are
most concerned about the firm’s earnings. They restore more
confidence in those firms that show steady growth in earnings.
10
management information reports prepared by the company in addition to the
usual reports like trial balance, balance sheet etc. and the role played by such
statements in future economic planning of the company.
11
3. To make a comparative analysis of income and expenditure of
Trivandrum Airport for the financial year starting from 2002-03 to 2006-
07
5. To Analyze the ratio analysis and interpretation of the same to find out
the company’s long term solvency
The recent spurt in the aviation industry, through out the world has
brought un-imaginable economic growth and India is one of the leading
developing countries to share such growth. As such the Civil Aviation Industry is
presently a happening industry in the country in view of its all-round financial
growth and Airports Authority of India, which is one of the premiere organizations
in Civil Aviation, is felt to be apt for this project work and as sample case study
Trivandrum International Airport has been selected.
12
It is necessary for a student of Master in Finance to understand the
financial position of an organization like Trivandrum Airport, to know its various
sources of income, to know how the money is spent, how its trial balances and
other relevant financial statements are compiled, how the surplus/deficit is
worked out before the statements are forwarded to its Corporate office in New
Delhi and such study helps to compare theory with practical one
LIMITATIONS
13
The time constraint was yet another limitation to study all the financial
aspects of the Trivandrum airport and also since airport functions from both
Domestic and International terminals, high level of security measures are
adopted for the entry to some areas of the airport.
14
information. It is a valuable tool used by investors and creditors, financial
analysts, and others in their decision-making processes related to stocks, bonds,
and other financial instruments. The goal in analyzing financial statements is to
assess past performance and current financial position and to make predictions
about the future performance of a company. Investors who buy stock are
primarily interested in a company's profitability and their prospects for earning a
return on their investment by receiving dividends and/or increasing the market
value of their stock holdings. Creditors and investors who buy debt securities,
such as bonds, are more interested in liquidity and solvency: the company's
short-and long-run ability to pay its debts. Financial analysts, who frequently
specialize in following certain industries, routinely assess the profitability,
liquidity, and solvency of companies in order to make recommendations about
the purchase or sale of securities, such as stocks and bonds.
15
produce income and the mix of the sources of capital, whether by current or long-
term debt or by equity funding
The following is the flow chart of various Ratio Analysis being worked-out
at Trivandrum Airport, to find out the company’s performances during every
financial year.
16
CLASSIFICATION OF RATIOS USED BY TRIVANDRUM AIRPORT
LIQUIDITY RATIOS
ACTIVITY RATIOS
PROFITABILITY RATIOS
LIQUIDITY RATIOS
CURRENT RATIO
II. Out of the Activity Ratios Category, Trivandrum Airport uses the
following specific ratios
ACTIVITY RATIOS
III. Out of the Profitability Ratios Category, Trivandrum Airport uses the
following specific ratios
PROFITABILITY RATIOS
17
NET PROFIT/LOSS RATIO
RATIO ANALYSIS
18
It indicates the Financial Solvency of the Company
COMPARATIVE STATEMENTS
A change in any of these ratios will change the firm’s earning power.
These two ratios are affected by many factors. A change in any of these factors
19
will change these ratios also. The various factors affecting the ROI can be put
through a chart given below.
Return on
Investment
(ROI)
Administration, Cost of
Current Current Selling and Goods
Assets liabilities Distribution Sold
expenses
20
REVIEW OF RELATED LITERATURE
In that she has stated that Trivandrum Airport has been running in a loss
for the years starting from 2001-02 to 2005-06. The profit can be further
increased by focusing more on increasing the revenue and also reducing the
expenditure at the same time.
21
INDUSTRY PROFILE
The beginning:
PROFILE:
22
areas with ground installations at all airports and 25 other locations to ensure
safety of aircraft operations. It also facilitates passenger services at 28 defense
aerodromes. Last year the authority successfully ensured safe and orderly
movement of 4.9lac aircraft, 42 million passengers and 8.4 lac tonnes of cargo at
Indian Airports.
All major air- routes over Indian landmass are Radar covered (24 Radar
installations at 11 locations) along with VOR/DVOR coverage (72 installations)
co-located with Distance Measuring Equipment(71 installations) 39 runways
provided with ILS installations with Night Landing Facilities at 36 Airports and
Automatic message switching system at 15 Airports.
23
in all Airports across the country to realize the latent potential of these regions
and to integrate them with respect to the country.
MODEL AIRPORT
The runway at the airport is designed to cater for A-320 operations with
standard approach and landing aids, modern communication and navigational
facilities. The terminal building offer excellent facilitation keeping in the view the
ecology and the local environment. The model Airports are Jaipur, Lucknow,
Nagpur, Vadodara, Calicut, Coimbaore, Patna, Bhubaneshwar, Guwahati,
Hyderabad and Imphal. Apart from this, AAI is developing some of the cardinal
Airports which operate tourist traffic. These include Goa, Bangalore, Varanasi
and Agra.
Customer satisfaction and safety are the core priorities of AAI. In its
endeavor to provide world class passenger amenities and services, the authority
is developing more international Airports in the country and improving facilities in
Domestic Airports.
MODERNISATION
24
Satellite Navigational has also been one of the initiatives for enhancing the
accuracy and reliability of GPS signal which could be gainfully used by other
transport sectors like road transport, railway, forestry, resources exploration,
environmental management etc.
IT IMPLEMENTATION
OFFICIAL LANGUAGE
25
26
COMPANY PROFILE
Originally the people of Kerala, who are said to be having the best
emigrational qualities in the country, were mostly travelling across the seas to the
countries like Sri Lanka, Malaysia, Indonesia and other South-East Asia nations
either through Cochin Port or through Vizhinjam Port, when the air-travel was not
so popular and affordable (one has to go all the way to Madras to catch a flight).
But the rulers of Travancore state with their foresight about the people’s
requirements, seriously thought about the need for building an airport at
Trivandrum, the first in the state. Thus happened the Trivandrum Airport in the
1930s.
27
at free of cost.
The Management of the airport has changed many hands over the years
from Civil Aviation Department to National Airports Authority of India to
International Airports Authority of India and finally to the present organisation
“Airports Authority of India – International Airports Division”.
Air India
Indian Airlines
Gulf Air
Srilankan Airlines
Oman Air
28
Qatar Airways
Kuwait Airways
Jet Airways
Silk Air
INTERNATIONAL DESTINATIONS
DOMESTIC DESTINATIONS
29
FACTS AND FIGURES OF TRIVANDRUM INTERNATIONAL
AIRPORT
SL
PARTICULARS SPECIFICATION
NO.
6 TAXIWAY 05
7 PARKING BAYS 08
8 CHECKING COUNTERS-DOMESTIC 07
9 CHECKINGCOUNTERS-INTERNATIONAL 17
10 IMMIGRATION COUNTERS 20
11 CUSTOMS COUNTERS 15
12 SECURITY COUNTERS 07
30
RESEARCH METHODOLOGY
Data Collection
Primary Data:
Secondary Data:
31
TOOLS OR TECHNIQUES:
• Ratio analysis
The accounting year of the company commences from 1st April and closes
by 31st March of the next year. The duration of the study is for five years from
2002-03 to 2006-07
32
ANALYSIS AND INTERPRETATION.
RATIO ANALYSIS
TABLE NO – 4.1
FINANCIAL TOTAL
FIXED ASSETS RATIO
YEAR REVENUE
2002-03 2,361.36 5,277.11 0.45
2003-04 2,671.43 5,116.69 0.52
2004-05 2,357.95 7,059.45 0.33
2005-06 3,584.98 7,200.17 0.50
2006-07 4406.75 7170.81 0.61
INTERPRETATION
33
CHART NO – 4.1.1
0.7 0.61
0.6 0.52
0.5
0.45
0.5
0.33
0.4
Ratio
0.3 RATIO
0.2
0.1
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
34
TABLE NO – 4.2
INTERPRETATION
35
36
CHART NO – 4.2.2
7 6.23
4 3.01
Ratio 2.59
RATIO
3
1.68
1.51
2
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
37
TABLE NO – 4.3
FINANCIAL TOTAL
STAFF COST RATIO
YEAR REVENUE
INTERPRETATION
staff cost in generating the levels of revenue. The less the staff cost
38
reducing the ratio to 0.39. The ideal ratio for any company should be
around 0.4.
CHART NO – 4.3.3
0.64
0.7 0.59
0.6 0.51
0.47
0.5 0.39
0.4
Ratio
0.3 RATIO
0.2
0.1
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
39
TABLE NO – 4.4
INTERPRETATION
40
The operating cost ratio generally indicates the level of
Which is an all time low ratio and indicates the best performance so
far.
CHART NO – 4.4.4
41
CHART SHOWING OPERATING COST RATIO
0.35
0.35
0.3
0.25 0.21
0.2 0.2
0.19
0.2
Ratio
0.15 RATIO
0.1
0.05
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
TABLE NO – 4.5
42
SECURITY TOTAL
FINANCIAL YEAR RATIO
EXPENSES REVENUE
INTERPRETATION
05. The ratio earned in the year 2004-05 is the highest mainly
CHART NO – 4.5.5
43
CHART SHOWING REVENUE SECURITY
EXPENSE RATIO
0.12
0.12 0.1
0.09
0.1 0.08
0.07
0.08
Ratio 0.06
RATIO
0.04
0.02
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
TABLE NO – 4.6
44
TABLE SHOWING DEPRECIATION COST RATIO
INTERPRETATION
The ratio earned in the year 2004-05 is the highest mainly because
the revenue earned during that year is comparatively very less. The
45
CHART NO – 4.6.6
0.34
0.35
0.27
0.3
0.22
0.25
0.19
0.2 0.16
Ratio
0.15 RATIO
0.1
0.05
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
46
TABLE NO – 4.7
FINANCIAL ADMINISTRATIVE
TOTAL REVENUE RATIO
YEAR COST
INTERPRETATION
with not much difference between the average ratio and the
47
CHART NO – 4.7.7
0.09
0.08 0.07 0.07
0.07 0.06
0.06 0.05
0.05
Ratio
0.04 RATIO
0.03
0.02
0.01
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
48
TABLE NO – 4.8
FINANCIAL TOTAL
NET PROFIT RATIO
YEAR REVENUE
INTERPRETATION
2002-03 to 2005 -06. There has been a profit of 0.12 in the year
The highest loss was in the year 2004-05 mainly due to the major
once in 5 years.
49
CHART NO – 4.8.8
0.2 0.12
0.1
0 -0.02
-0.1 -0.11
Ratio
-0.2 -0.19 RATIO
-0.3
-0.4
-0.43
-0.5
2002-03 2003-04 2004-05 2005-06 2006-07
Date
50
TABLE NO – 4.9
TOTAL NET-WORKING
FINANCIAL YEAR RATIO
REVENUE CAPITAL
INTERPRETATION
decreasing trend from 2002-03 to 2004-05. The higher the ratio the
51
CHART NO – 4.9.9
4.04
4.5
3.58
4
3.5
2.7
3
2.5
Ratio 1.62
2
RATIO
1.5 0.97
1
0.5
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
52
TABLE NO – 4.10
FINANCIAL
TOTAL REVENUE DEBTORS RATIO
YEAR
INTERPRETATION
53
highest the ratio the better it is since it would indicate that debts are
CHART NO – 4.10.10
8.59
9 7.76
8
6.18
7
6
4.56
4.09
5
Ratio
4 RATIO
0
2002-03 2003-04 2004-05 2005-06 2006-07
Date
54
TABLE NO – 4.11
ABSOLUTE PERCENTAGE
INCREASE OR INCREASE OR
PARTICULARS 2002-03 2003-04 DECREASE IN DECREASE IN
2003-04 2003-04
INCOME
A.TRAFFIC REVENUE
1.Landing and parking charges 1119.55 1,310.58 191.03 17.06
2.Passenger service fee 663.30 700.00 36.7 5.53
TOTAL (A) 1782.85 2010.58 227.73 12.77
C.NON-TRAFFIC REVENUE
1.Public admission fee 36.40 32.56 (3.84) (10.55)
2.Trading concession 267.83 284.51 16.68 6.23
3.Rent and services 172.51 201.43 28.92 16.76
4.Miscelleneous 101.77 142.35 40.58 39.87
5.Interest on investment - - - -
TOTAL ( C ) 578.51 660.85 82.34 14.23
TOTAL REVENUE : A+B+C 2361.36 2671.43 310.07 13.13
EXPENDITURE
STAFF COST
1.Pay and allowances 1383.60 1,351.40 (32.2) (2.33)
Pay and allowance & other staff
1383.60 1351.40 (32.2) (2.33)
benefit
2.Repair and maintenance 239.12 298.80 59.68 24.96
55
3.Consumption of stores and
27.38 28.24 0.86 3.14
spares
4.Electricity and water 216.42 240.89 24.47 11.31
5.Other expenses 140.83 179.95 39.12 27.78
TOTAL OTHER EXPENSES 623.75 747.88 124.13 19.901
6.Depreciation 628.34 595.88 (32.46) (5.17)
7.Financial charges - - - -
8.Security expenses 184.39 273.89 89.5 48.54
TOTAL EXPENDITURE 2820.08 2969.05 148.97 5.28
PROFIT BEFORE TAX (458.72) (297.62) (16.11) 35.12
56
INTERPRETATION
expenditure of the year 2003 and 2004 there has been a percentage
57
TABLE NO – 4.12
ABSOLUTE
PERCENTAGE
INCREASE
INCREASE OR
PARTICULARS 2003-04 2004-05 OR
DECREASE IN
DECREASE
2003-04
IN 2003-04
INCOME
A.TRAFFIC REVENUE
1.Landing and parking charges 1,310.58 1,262.98 (47.60) (3.63)
2.Passenger service fee 700.00 400.00 (300) (42.86)
TOTAL (A) 2010.58 1662.98 (347.6) (17.29)
C.NON-TRAFFIC REVENUE
1.Public admission fee 32.56 29.69 (2.87) (8.81)
2.Trading concession 284.51 320.60 36.09 12.68
3.Rent and services 201.43 192.52 (8.91) (4.42)
4.Miscelleneous 142.35 152.16 9.81 6.89
5.Interest on investment - - -
TOTAL ( C ) 660.85 694.97 34.12 5.16
TOTAL REVENUE : A+B+C 2671.43 2357.95 (13.48) (0.504)
EXPENDITURE
STAFF COST
1.Pay and allowances 1,351.40 1,508.96 157.56 11.66
Pay and allowance & other staff
1351.40 1508.96 157.56 11.66
benefit
2.Repair and maintenance 298.80 544.10 245.30 82.10
3.Consumption of stores and spares 28.24 37.50 9.26 32.79
4.Electricity and water 240.89 257.69 16.80 6.97
5.Other expenses 179.95 205.87 25.92 14.40
TOTAL OTHER EXPENSES 747.88 1045.16 297.28 39.75
6.Depreciation 595.88 806.71 210.83 35.38
7.Financial charges - -
8.Security expenses 273.89 - (273.89) (100)
TOTAL EXPENDITURE 2969.05 3360.83 391.78 13.20
PROFIT BEFORE TAX (297.62) (1002.88) (705.26) 236.97
58
INTERPRETATION
expenditure of the year 2004 and 2005 there has been a percentage
236.97percent.
59
TABLE NO – 4.13
ABSOLUTE PERCENTAGE
2004-05 2005-06 INCREASE INCREASE OR
PARTICULARS OR DECREASE IN
DECREASE 2003-04
IN 2003-04
INCOME
A.TRAFFIC REVENUE
1.Landing and parking charges 1,262.98 1,398.38 135.40 10.72
2.Passenger service fee 400.00 1378.55 978.55 244.64
TOTAL (A) 1662.98 2776.93 1,113.95 66.99
C.NON-TRAFFIC REVENUE
1.Public admission fee 29.69 - (29.69) (100)!
2.Trading concession 320.60 322.34 1.74 0.54
3.Rent and services 192.52 197.74 5.22 2.71
4.Miscelleneous 152.16 287.46 135.30 88.92
5.Interest on investment -
TOTAL ( C ) 694.97 807.54 112.57 16.20
TOTAL REVENUE : A+B+C 2357.95 3584.47 1,226.52 52.02
EXPENDITURE
STAFF COST
1.Pay and allowances 1508.96 1678.96 170.00 11.27
Pay and allowance & other staff
1508.96 1678.96
benefit 170.00 11.27
2.Repair and maintenance 544.10 312.86 (231.24) (42.50)
3.Consumption of stores and
37.50 39.14
spares 1.64 4.37
4.Electricity and water 257.69 328.99 71.30 27.67
5.Other expenses 205.87 268.13 62.26 30.24
TOTAL OTHER EXPENSES 1045.16 949.12 (96.04) (9.19)
6.Depreciation 806.71 694.18 (112.53) (13.95)
7.Financial charges - - - -
8.Security expenses - 316.80 316.80 100
TOTAL EXPENDITURE 3360.83 3639.06 278.23 8.28
PROFIT BEFORE TAX (1002.88) (54.56) 948.32 (94.56)
60
INTERPRETATION
expenditure of the year 2005 and 2006 there has been a percentage
61
TABLE NO – 4.14
ABSOLUTE
PERCENTAGE
INCREASE
INCREASE OR
PARTICULARS OR
2005-06 2006-07 DECREASE IN
DECREASE
2003-04
IN 2003-04
INCOME
A.TRAFFIC REVENUE
1.Landing and parking charges 1,398.38 1817.50 419.12 29.97
2.Passenger service fee 1378.55 1648.25 269.70 19.56
TOTAL (A) 2776.93 3465.75 688.82 24.81
C.NON-TRAFFIC REVENUE
1.Public admission fee - 23.00 23.00 100
2.Trading concession 322.34 443.00 120.66 37.43
3.Rent and services 197.74 232.00 34.26 17.33
4.Miscelleneous 287.46 243.00 -44.46 (15.47)
5.Interest on investment - - - -
TOTAL ( C ) 807.54 941.00 133.46 16.53
TOTAL REVENUE : A+B+C 3584.47 4406.75 822.28 22.94
EXPENDITURE
STAFF COST
1.Pay and allowances 1678.96 1711.50 32.54 1.94
Pay and allowance & other staff
1678.96 1711.50 32.54 1.94
benefit
2.Repair and maintenance 312.86 482.50 169.64 54.22
3.Consumption of stores and
39.14 48.50 9.36 23.91
spares
4.Electricity and water 328.99 364.50 35.51 10.79
5.Other expenses 268.13 237.50 -30.63 (11.42)
TOTAL OTHER EXPENSES 949.12 1133.00 183.88 19.37
6.Depreciation 694.18 720.00 25.82 3.72
7.Financial charges - - - -
8.Security expenses 316.80 330.00 13.20 4.17
TOTAL EXPENDITURE 3639.06 3894.50 255.44 7.02
PROFIT BEFORE TAX (54.56) 512.5 567.06 (1039.33)
62
INTERPRETATION
expenditure of the year 2006 and 2007 there has been a percentage
percent.
63
TABLE NO – 4.15
Particulars Amount
Current asset 1731.34
Current liability 1147.26
Fixed asset 4984.57
Sales 2361.36
Administration selling and distribution 140.83
expenses
Working capital 584.08
Capital employed 5568.65
Expenses 140.83
Net profit 2220.53
Net profit ratio 0.94
Capital turnover 0.42
Return on investment 0.39
CHART NO – 4.15.11
64
0.39
0.42 0.94
TABLE NO – 4.16
65
Particulars Amount
Current asset 1843.16
Current liability 1097.24
Fixed asset 5277.11
Sales 2671.43
Administration selling and distribution 179.95
expenses
Working capital 745.92
Capital employed 6023.03
Expenses 179.95
Net profit 2491.48
Net profit ratio 0.93
Capital turnover 0.44
Return on investment 0.41
CHART NO – 4.16.12
0.41
0.44 0.93
66
6023.03
1843.16
5277.11 2671.43
1097.24
745.92 2671.43
179.95 2491.48
2671.43
TABLE NO – 4.17
Particulars Amount
Current asset 2176.26
Current liability 722.18
Fixed asset 5116.69
Sales 2357.95
Administration selling and distribution 205.87
expenses
Working capital 1454.08
Capital employed 6570.77
Expenses 205.87
Net profit 2291.08
Net profit ratio 0.97
Capital turnover 0.36
Return on investment 0.35
CHART NO – 4.17.13
67
TABLE NO – 4.18
68
Particulars Amount
Current asset 2157.32
Current liability 831.57
Fixed asset 7059.45
Sales 3584.98
Administration selling and distribution 256.21
expenses
Working capital 1325.75
Capital employed 8385.2
Expenses 256.21
Net profit 3328.77
Net profit ratio 0.93
Capital turnover 0.43
Return on investment
CHART NO – 4.18.14
69
TABLE NO – 4.19
Particulars Amount
Current asset 3214.07
Current liability 868.01
Fixed asset 7200.17
Sales 4406.75
Administration selling and distribution 237.00
expenses
70
Working capital 2346.06
Capital employed 9546.23
Expenses 237.00
Net profit 4169.75
Net profit ratio 0.95
Capital turnover 0.46
Return on investment 0.44
CHART NO – 4.19.15
71
FINDINGS
decline.
to the revenue.
72
The administrative cost ratio is almost steady in all the
years with not much difference between the average ratio and
during the last 4 years and in the year 2006-07, it appears that
profits.
SUGGESTIONS
A reduction in the staff cost and operating cost can increase the
revenue.
It is also learnt that some more airlines like Paramount Airways, Air
Sahara, Kingfisher Airlines, Go Air etc. are going to start their operations
from Trivandrum airport very soon. This will result in more revenues for
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the Trivandrum airport and its financial position appears to be fatter than
ever before
CONCLUSION
four years there has been an increase in the profit. It can be said
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that the Trivandrum airport is running in a profit compared to the
same time.
Provider.
• The more the aircraft movement, the more is the revenue for
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ANNEXURE
PARTICULARS 2002-
2003-04 2004-05 2005-06 2006-07
03
INCOME
A.TRAFFIC REVENUE
1.Landing and parking charges 1119.55 1,310.58 1,262.98 1,398.38 1817.5
2.Passenger service fee 663.3 700 400 1378.55 1648.25
TOTAL (A) 1782.85 2010.58 1662.98 2776.93 3465.75
C.NON-TRAFFIC REVENUE
1.Public admission fee 36.4 32.56 29.69 - 23
2.Trading concession 267.83 284.51 320.6 322.34 443
3.Rent and services 172.51 201.43 192.52 197.74 232
4.Miscelleneous 101.77 142.35 152.16 287.46 243
5.Interest on investment - - - - -
TOTAL ( C ) 578.51 660.85 694.97 807.54 941
TOTAL REVENUE : A+B+C 2361.36 2671.43 2357.95 3584.47 4406.75
EXPENDITURE
STAFF COST
1.Pay and allowances 1383.6 1,351.40 1,508.96 1678.96 1711.5
Pay and allowance & other staff
1383.6 1351.4 1508.96 1678.96 1711.5
benefit
2.Repair and maintenance 239.12 298.8 544.1 312.86 482.5
3.Consumption of stores and spares 27.38 28.24 37.5 39.14 48.5
4.Electricity and water 216.42 240.89 257.69 328.99 364.5
5.Other expenses 140.83 179.95 205.87 268.13 237.5
TOTAL OTHER EXPENSES 623.75 747.88 1045.16 949.12 1133
6.Depreciation 628.34 595.88 806.71 694.18 720
7.Financial charges - - - - -
8.Security expenses 184.39 273.89 - 316.8 330
TOTAL EXPENDITURE 2820.08 2969.05 3360.83 3639.06 3894.5
PROFIT BEFORE TAX -
-458.72 -297.62 -54.56 512.5
1002.88
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GG111 LAND FREEHOLD INCLUDING LAND 68,229,421.93
DEVELOP.EXP
GG211 RUNWAYS 97,878,560.45
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LL214 CASH WITH BANK CANARA BANK 6887.00
(REVENUE)
MM111 HOUSE BUILDINGS/PURCHASE LOANS 82785158.00
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DD321 WORKER'S WELFARE CESS FUND 141379
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BIBLIOGRAPHY
www.airportsindia.org.in
www.aai.aero
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