(08 Mar 2020, 9:00 pm)streetdeckfan wrote GNE haven't submitted their accounts for 2019 just yet, but in 2018 they made a profit of about £4 million after taxes
To put that in to perspective, they spent about £8 million on the StreetDecks that haven't arrived yet
Actually, reading a more, that's the year they bought EY, so I wonder if that's taken in to account. Frankly it's been far too long since I did my accountancy course to remember how to read them!
Buying buses and EY aren't an expense so they won't be on the income statement. Depreciation will be though however, I'd assume it'd be a straight line of upto 15 years (depending on bus) so there will be expensives for every bus in the fleet. EY will never be on it, unless they revaluate the property. Potentially there could be interest aswell as I doubt they'll pay the full amount up front or take a loan.
That's also for June 2017 to June 2018 not the year 2018.