The Taipei Rapid Transit Corpor-ation (
It was followed by the Taipei Water Department (台北自來水事業處), the Taipei Movable Property Pawn Department (台北市動產質借處) and the Taipei City Bus Administration (台北市公車處).
The city currently runs the four profit-making organizations.
This is the first time the Taipei Rapid Transit Corp has been rated as the city's best performing profit-making unit.
Over the past ten years, TaipeiBank (台北銀行) occupied the number one slot before it was privatized in November 1999.
Statistics provided by the city's budget, accounting and statistics department (
According to Chen Wen-fu (陳文福), director of the company's public relations office, the company does not make as much money as it appears.
"Although we seem to be making a lot of money, we have a substantial amount of expenses," he said.
In the 2000 financial year for example, the company's total revenues were registered at NT$9.6 billion, and its total expenses were recorded at over NT$5.3 billion. The company earns income from operations -- train ticket sales and advertising -- and non-operating sources such as property rental.
By the numbers
(July 1999 to December 2000)
No. 1
Taipei Rapid Transit Corp
Operating income: NT$8.9 billion
Non-operating income: NT$688 million
Net profit before tax: NT$4.3 billion
No. 2
Taipei Water Dept.
Operating income: NT$ 7 billion
Non-operating income: NT$257million
Net profit before tax: NT$645 million
No. 3
Taipei Movable Property Pawn Dept.
Operating income: NT$610 million
Non-operating income: NT$131,754
Net profit before tax: NT$85 million
No. 4
Taipei City Bus Administration
Operating income: NT$3 billion
Non-operating income: NT$519 million
Net profit before tax: -NT$2.3 billion
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