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ECONOMY OF TRANSPORT COMPANIES Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Prerequisites:
Although no prerequisites are required, knowledge of the basic concepts of business administration and accounting is recommended.
Objectives
Contents Different theoretical models of regulation of the local public transport service
The process of reforming local public transport in Italy
International experiences of LPT reform: the deregulation of the United Kingdom
The financial statements of the LPT firms
The income statement
The balance sheet
The reclassification of the income statement following the value added criterion
The reclassification of the Balance Sheet
Economic performance indicators
Group work: analysis of the economy of public transport companies operating in Italy
Extended Syllabus Different theoretical models of regulation of the local public transport service
From public monopoly to competition
The process of reforming local public transport in Italy
The municipalization of the service
The service regionalization
The 1981 reform
The Burlando reform
The re-centralization of the service
International experiences of LPT reform: the deregulation of the United Kingdom
The 1985 transport act
The 2000 transport act
The 2008 transport act
The financial statements of the lpt companies
The peculiarities of the financial statements of lpt the companies
The sources for the preparation of the financial statements
The income statement
Profit and loss account scheme
A. Value of production
B. Cost of production
C. Financial income and expense
D. Value adjustments to financial assets and liabilities
The balance sheet
Balance sheet scheme
Active Analysis
Passive analysis
Net Analysis
The reclassification of the income statement following the value added criterion
The income statement in percentage: empirical evidence
The reclassification of the Balance Sheet
The balance sheet in percentage: empirical evidence
Economic performance indicators
The average rate
Mileage revenues
The cost per kilometer
The farebox ratio
Group work: analysis of the economic performance of public transport companies operating in Italy
- External media analysis
- Analysis of the management report
- Analysis of the economic situation (income statement for the last 5 years)
- Analysis of the financial and asset situation trend (balance sheet last 5 years)
- Application of the primary economic indicators (average rate; km revenue; km cost; farebox ratio)
- Final summary on the economic performance of the local public transport company.
Recommended Bibliography Lecture notes
A. DELLA PORTA, A. GITTO (a cura di) La riforma del Trasporto Pubblico locale in Italia nella prospettiva aziendale, Franco Angeli, Milano, 2013.
Methods of Provision
Teaching Methods The course includes 48 hours of lessons divided into 3 weekly lessons of 2 hours.
The lessons will mainly focus on the use of the following teaching methods: lectures and group work. Attendance is strongly recommended.
Evaluation methods Verification of learning:
For non-attending students:
study of the recommended text.
For attending students: the evaluation is divided into two tests:group work and oral exam.
The final grade is based on the results obtained in the individual tests.
1. Presentation and discussion of a case study (with a report of max 6 pages) (60% exam);
2. Oral exam (40% exam).
Contacts/More Information All information concerning the course, the lecture notes and the supporting materials will be available on the e-learning page. EraSMUS students are invited to contact the teacher for their program.