Ruter's finances and key figures
Ruter's objective is not to provide our owners with profits, but to help the Municipality of Oslo and the County Municipality of Viken achieve their transport policy goals.
Ruter's objective is not to provide our owners with profits, but to help the Municipality of Oslo and the County Municipality of Viken achieve their transport policy goals.
The key indicators presented in this chapter pertain to revenues, expenses, government allocations and production. The key indicators are offered for public transport as a whole and individually for each area of operations.
The parent company Ruter AS had operating revenues of MNOK 11 036 in 2022 and a profit of minus MNOK 85.
The Group’s operating revenues, which also include Konsentra AS, OATS AS, Persveien Eiendom 1 AS, Persveien 23 AS, Persveien 34/36 ANS and the dormant companies Trafikanten AS, AS Oslo Sporveier and Stor-Oslo Lokaltrafikk a.s, amounted to MNOK 11 046.
Of the parent company’s operating revenues, ticket revenues and sales of services to the Municipality of Oslo and County Municipality of Viken amount to MNOK 4317, MNOK 2806 and MNOK 980, respectively. We also received state compensation for the financial consequences of the corona pandemic amounting to MNOK 876 (including MNOK 100 in incentive funds).
Sale of services to the Municipality of Oslo and the County Municipality of Viken finance 34.3% of public transport in the region. State compensation for the financial consequences of the coronavirus pandemic amounted to 7%. Including the operational part of Oslo Package 3 and the state incentive scheme, 52% is financed with county and state funds.
The allocations, from the owners and state authorities, has been a prerequisite for Ruter being able to maintain near-normal operations in a year with a large fall in ticket revenues combined with increased costs.
The total operating expenses of the parent company amounted to MNOK 11 169. Of this, MNOK 9853 constitutes costs for service purchases and route operations. The Group’s operating costs amounted to MNOK 11 171. The financial results are otherwise described in detail in the Board of Directors’ Report.
All economic indicators in the tables have been adjusted to 2022 kroner.
Revenues
Revenues per journey (including trains) in 2022 amounted to 13.68 kroner.
Ticket revenues per journey are distributed differently, and regional buses, boats and trains with journeys that often extend over several zones naturally have the highest revenues per journey.
Revenues in 2022 were highest for regional buses, at NOK 11.78 per journey. Subsequently, the income was NOK 11.46 for journeys by boat, NOK 10.62 for journeys by metro, NOK 10.61 for journeys by tram and NOK 10.56 for journeys by city bus.
The journeys by metro, tram and city bus take place mainly within one zone and this explains the lower income per journey. The highest income per journey goes to trains currently operated by the Vy group, whose income in 2022 was NOK 33.15 per journey.
Efficiency
The cost per journey (excluding trains) in 2022 was NOK 33.04, down from NOK 43.88 in 2021. This corresponds to a reduction of 24.7%. In order to measure the efficiency of what we offer, Ruter looks at developments in costs per passenger-space kilometer (which is the capacity offered).
In total, efficiency has increased by 15% in the period 2008 to 2022, with the cost per passenger-space kilometer decreasing from 1.07 to 0.91.
Allocations
Ruter paid an average of NOK 33.15 per journey to Vy in total from ticket revenues and price subsidies. Government service purchases come in addition to the railway traffic share, providing a basis for covering a cost that is substantially higher than what Ruter pays.