28.
| (1) The Board shall cause proper accounts of the income and expenditure of the Railways Authority and of all its other transactions to be kept and shall prepare . an annual statement of accounts and statistics relating to the business of the Railways Authority in such form, and containing such particulars, as the Minister with the concurrence of the Minister in charge of the subject of Finance may from time to time specify. |
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| (2) The accounting system adopted shall be designed to provide historical information for a railway costing system. The costing system shall be designed to determine the full costs of railway operations including fixed and variable costs, long run and short run variable costs and other appropriate cost concepts for individual lines, commodities and movements, to enable the making of rational pricing and market decisions. |
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Sri Lanka Consolidated Acts