(19 May 2023, 6:36 am)DaveFromUpNorth wrote £4m loss

If you look closely it is not really a loss and pretty much break even

The liabilities to be paid out within 1 year had reduced to bizarrely a similar figure

The operating costs for CLS depot will be a saving aswell as the sale of the site  although yeah it is a one off offsett cash injection

£4M loss would of been capital expenditure to install Electric charging at Riverside as well as purchase of new buses etc... And diesel has been around £1.70-£1.80 a litre however wholesale is going down and average cheapest is around £1.41.9 £1.46.9 or just over 150p a litre  at present that £4m will be saved just in fuel alone 

Those figures in the balance sheet seem fair and nothing to be worried about

I don't want to be a dick but your just completely wrong here. 

The loss was £1.9m there's no other ways of putting it. 

Capital expenditure doesn't affect the profit and loss at all and just affects the balance sheet so buying electric chargers etc won't change it and as someone said after fuel is hedged. The losses come on the balance sheet as depreciation over the life of the asset (15 years for buses etc) 

Not to mention that there's £11m worth of Covid funds there and Co. Durham has just cut the concessonary pass rebursal rate.

It's grim reading (hence the cuts left, right and centre).