- additional NEL trains - S$234.9 million
- additional CCL trains - $134 million
- re-signalling of the NSEWL - $195 million
- signalling of Tuas West Extension - $40.3 million
Another intriguing number to note is that the operating expenses posted for same quarter ending Dec 31 is $227.7 million, of which repairs and maintenance expenses amount only to a pathetic $20.9 million. Which suggests that the hardware is hardly given top priority by the management in charge. The SMRT 2010 annual report shows similar figures, $79.2 million for the whole year for repairs and maintenance, or about $20 million per quarter. No wonder the trains are breaking down.
The EBITA margin was 32.5% for FY2011, the corresponding net profit margin being 16.6%. Huge juicy profits made from the long suffering commuters who have no alternative public transportation system to turn to.
The employee statistic tells another interesting story: number of employees went from 6,102 in FY2002 to 6,565 in FY2011, about 7% growth over 9 years. But "Staff and related costs" jumped from $184m in FY2002 to $313.6m in FY2011, a jaw-dropping difference of more than 70%. Obviously some people there are getting awfully rich. Make no mistake though, this is not the Melbourne-based bus company who paid out millions in bonuses to its staff for loyalty after owner Ken Grenda profited from selling the family business.