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Total SNCF saw revenues in increase on the previous year by 7. Operating profit for the group saw a year on year decrease of As a result, margin for the group was down 0.
Group restructuring meant that finances were reported differently this year, with three of SNCF's previous divisions being discontinued. Five out of six of SNCF's operating divisions saw revenues increase onwith the only exception being the newly formed 'Corporate' division. SNCF did not break down its finances for the division in the same way that it does for its others in its report, but the company states that impairment losses were partly responsible for the drop in revenue.
However, adjusting for the reclassification of SNCF Infra now held for disposalthe company actually grew its total revenues by 0. Moreover, group operating profit was up by 4. This is chiefly due to the change in impairment losses experienced by the company's rail freight production resources.
Operating profit here is after depreciation and amortisation have been subtracted. Fromthe SNCF Infra division is classified as "Non-current assets held for sale and discontinued operations", and is therefore subtracted from the group's overall financial performance.
SNCF has restated finances over several years. The adjustments are as follows:Convert live South African Rands to United States Dollars (ZAR/USD) exchange rates. Clean design, accurate & historical data. South African Rand & United States Dollar Currency Information.
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