According to the draft regulatory document, the Romanian rail infrastructure manager’s total incomes are RON 4.39 billion (EUR 956 million) of which total operation incomes amount to RON 4.11 billion (EUR 895 million). Of this amount, CFR SA budgets transfers (according to the legal provisions in force) worth RON 934.83 million (EUR 203 million).
The amendment of state budget allocations as transfers, investments, reimbursements of foreign credits and financing programmes from foreign funds are among the changes scheduled in the draft regulatory document stipulating the approval of CFR SA’s 2017 rectified income and expenditure budget, informs the substantiation.
According to the 2017 rectified budget, CFR SA estimates total costs of RON 4.39 billion (EUR 956 million), the equal amount of incomes, which means that the profit/loss balance will be zero. Investment costs are worth RON 1.87 billion (EUR 409 million).
Staff costs amount to RON 1.19 billion (EUR 260 million). Of this sum, the salary fund is RON 899.85 million (EUR 196 million), with bonuses amounting to RON 77.14 million (EUR 17 million).
The chapter “other financial costs” includes RON 2.17 billion (EUR 473 million). Financial costs amount to RON 272.47 million (EUR 59.3 million).
CFR SA’s 2017 rectified budget includes residual payments worth RON 58.25 million (EUR 12.68 million) and arrears worth RON 1.10 billion (EUR 239.56 million).
The Romanian Ministry of Transport submitted to the approval of the Romanian Government the draft regulatory document on the approval of CFR SA 2017 rectified income and expenditure budget. The draft regulatory document was published on 6 November of the ministry’s web page. Proposals and observations could be submitted by 17 November.
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