The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements madeBack
The company prepares its revenue and capital budget for the current financial year. It enables the organization to plan the earnings and expenses well in advance and assist in taking the financial decisions. In capital budget the ship acquisition plan and pattern of financing is highlighted. It also mention the expense details in SCI various branch offices in acquiring and maintaining the shore based assets as office equipments, furniture and fixtures etc. In revenue budget the earnings and expenses of direct and indirect nature are highlighted segment wise to analyze the cash flow and anticipating the Net Operating Profit in the current financial year. Variance analysis of budget v/s actual is made to ascertain reasons for difference.