- Hire Charges---Machinery (Rs.5.13 Cr Vs Rs..98 lakhs)
- Bad debts (Rs.4.25 Cr Vs NIL)
- Interest and other costs (Rs.1.05 Vs Rs.10.06 lakhs)
It must be remembered that FY13 and FY14 saw restrictions by the State & Central Government and the Apex Court on mining operations in Goa. This affected the Iron Ore Mining Industry in Goa which came to a complete halt and affected the transport operations of barges and transhippers. There was also a reduction in vessels seeking ship repairs at Mormugao due to recession in shipping and outbound cargo. The number of vessels visiting the Port therefore decreased during the year.