The company’s 2014 budget of revenues and expenditure, drafted and proposed by the managing board, envisages no losses.
In 2012, CFR Calatori reported turnover of RON1.66 billion, revenues of RON1.99 billion, costs of RON2.98 billon and loss of RON992.2 million, according to Finance Ministry data.
End-September 2013, the company’s commercial debts stood at RON1.27 billion, of which 80% were debts to state-owned railway operator CFR SA and receivables amounted to RON209 million.
CFR Calatori registered total debts of RON1.67 billion and receivables of RON309.6 million at the end of 2012.
The company’s investments, from its own sources, totaled RON32 million in the first nine months of 2013, compared to RON15 million in the year-earlier period. CFR Calatori representatives said in 2012 and 2013 the company did not receive money from the state budget for investments.
CFR Calatori’s share capital has been recently raised by RON400 million to pay off debts on the use of railway infrastructure to CFR SA.
CFR Calatori had 14,028 employees at the end of 2012, but staff numbers are expected to drop to 13,880 at the end of 2013. (EUR1=RON4.4537)