(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

They bought the fuel in advance through the fuel hedging scheme.
Possibly 2-3 years ago when it was at recent lows.

The issue with resent fuel prices shouldn't impact until a year or twos time.

There was a section on the corporate website that showed shareholders how little they were paying for fuel and how proud they were of these savings. Contradicting everything we ever saw shared with passengers about fare increases due to fuel costs. 
However, it has either been removed or hidden, because a quick Google check can't find it.