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Fares please! An economic history of the Melbourne & Metropolitan Tramways Board

Financial summary

This lifetime financial outcome for the M&MTB is based on payments to/from Consolidated Revenue (including disbursements to municipalities and government subsidies) plus annual surplus/deficit.

Note that no figures are available for the 1982-83 financial year as the annual report was never produced.

M&MTB was in profit for the financial years:

• 1919-20 to 1928-29
• 1932-33 to 1946-47
• 1950-51
• 1952-53

Lifetime balance sheet:

• Losses from 1919-20 to 1969-70 = $ 14,409,252
• Losses from 1970-71 to 1981-82 = $311,592,345
• Total loss from 1919-20 to 1981-82 = $326,001,597

Total capital invested 1919-20 to 1981-82 = $183,803,761

Gross capital value 1981-82 = $96,658,947

Return on capital = 124% loss

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