(20 Aug 2023, 7:47 am)busmanT wrote I read on here a few months back that Go Ahead now deal with surplus vehicles centrally.
So I assume that they are offered to other Group companies such as GNE first, before they are offered for sale outside the group.
Internal transfers would surely be at book value, otherwise there is a lot of unnecessary time going to be spent by accountants moving money around for little gain.
Aye I read that, wonder if they're might be some, more for the London side rather than GNE. As arguably if you 'give away' the buses from London then they're going to take a hit and understate their profit and loss.
Wonder if on paper, they might 'Sell' the buses to somewhere who then 'Sell or give away' the buses to GoNorthEast to balance it out.
Mind interesting to note the £63m impairment for GoNorthEast because it's in a dire state and they have questions whether it can ever make a profit in 2022 in the Go-Ahead Holding Limited and is the only regional company that's performing well below pre-Covid.