English Translation

The flat-rate expenses for operating departures, interest and administrative expenses of the local railways operated by the Protectorate Railways are shown for 1940 with 3,580.096 million K against 2,776.481 million K in 1939. It has thus increased by 28,94 % compared to 1939. This increase is mainly due to the higher operating costs, except for the new regulation of the pension liabilities which the company has to bear, and to some extent also to price increases for various materials of the railway company. Personal expenses amounted to 2,252,540 million K against 1,802,799 million K in 1939, i.e. 24.94 % more. The operating expenses increased from 963.681 million K in 1939 to 1.327,556 million K, i.e. by 37.75 %. Thus, the operating loss amounted to 196,891 million K. Compared to 1939, which had completed a business loss of 365,798 million K the loss in the operating account was 46,17 % lower in 1940. This improvement in the economic performance is also reflected in the comparison of the increase in revenue and expenditure as a percentage compared to 1939. While it represented 40.92 % of earnings, expenditure amounted to only 28.94 %. 119.672 million K were spent on interest and repayment of investment debts. The income from interest and price differences amounted to a total of 11,309 million K. In the accounts (profit and loss account) there is a net loss of 305,253 million K for 1940. In 1939 the profit and loss accounts closed with a deficit of 494,955 million K . In 1940, a total of 353,481 million K was spent on the construction and procurement of new plants (investment growth) against 176,261 million K in 1939. Of this total expenditure, which was covered by own funds at 8,251 million k, 200.0 million K by the financial administration and 145,231 million K from the proceeds of the Unification Loan, 339,932 million were used. In 1940, a total of 122,750 million K was spent on the renewal of railway installations and vehicles; the amount was mainly covered by depreciations carried out in the operating accounts. The construction workers were also active in 1940. However, the extraordinary circumstances resulting from the war required the adaptation of the individual construction projects to the new situation created by it, especially because of the restrictions on the procurement of labour and materials. Nevertheless, in addition to further or finished buildings, numerous new projects necessary for operational reasons were also initiated. Particularly important are the construction of the second and third Weinberg tunnel near Prague, which is intended to significantly improve the operating conditions in this important transport centre, and the continuation of the conversion and extension of the two-track main railway from Brno to Deutsch Brod with the junction of Gross Meseritsch to Krisans. As far as possible, a number of smaller projects have also been carried out to improve the working environment of staff, taking account of modern demands in this social field.