GM228 wrote: » For clarity 24.5F states:- You do realise that "income" is not just revenue right? The profit and loss account deals with revenue, the grant is a Capital Grant - a gain and accounted for in the cash flow statement (only Revenue Grants go into the profit and loss account as revenue), the grant is then written off over the lifetime of the bus by reducing the revenue via the depreciation and amortisation part of the profit and loss account. The grants are clearly shown in the financial statements and comply with the provisions of the standards, they are not hidden away cleverly disguised as something else, do you honestly think companies who receive Capital Grants are not reporting the way they should be? The reports even mention the grants are written off to the profit and loss account.
antoinolachtnai wrote: » A few posts ago you were telling us about an accounting innovation, unknown as far as I can tell to any accounting standards body in the world, under which income could be recognized on the balance sheet just as well as on the P+L. Now you are giving a lecture on accounting standards.
GM228 wrote: » antoinolachtnai wrote: » DB never recognize capital grants as revenue in the P+L account. (DB treats them as a negative cost item which is not the same as recognizing them as revenue.) I never said they recognise them as revenue, they are recognised on the balance sheet as deferred income in accordance with accounting standards. This is pretty standard and not at all unusual.
antoinolachtnai wrote: » DB never recognize capital grants as revenue in the P+L account. (DB treats them as a negative cost item which is not the same as recognizing them as revenue.)
GM228 wrote: » antoinolachtnai wrote: » Sure you did, you said ‘for Capital based grants the grant will be recognised in the profit and loss account over the life of the asset to which it relates (i.e. matched with the relevant depreciation charges) which could be upto 14 years for PSO buses.’ But this is not the case. DB accounts don’t ever recognize the capital grant on the P+L. Re-read what I said. You said "the grant for buses is never recognized as revenue on the P+L", to which I stated "this is actually pretty standard and in accordance with accounting guidelines". What I then said was a capital grant will be recognised "in the profit and loss account over the life of the asset to which it relates (i.e. matched with the relevant depreciation charges)", not that it will be recognised as "revenue" in the profit and loss, this is covered under the depreciation and amortisation section of the profit and loss account, they are amortised to the profit and loss account on the same basis that the buses are depreciated. The actual grant received is not recognised as revenue, but as deferred income on the balance sheet.
antoinolachtnai wrote: » Sure you did, you said ‘for Capital based grants the grant will be recognised in the profit and loss account over the life of the asset to which it relates (i.e. matched with the relevant depreciation charges) which could be upto 14 years for PSO buses.’ But this is not the case. DB accounts don’t ever recognize the capital grant on the P+L.
antoinolachtnai wrote: » It would be nice to know whether you consider the income of DB to have been €296m or €318m in 2016. In the light of what you have written above it seems like you think the income is €318m but I really am not sure what you think.
It's neither figure, in 2016 DB had an "income" of €310.908M (made up of €295.893M in revenues and €15.015M capital grants received).
dashcamdanny wrote: » I believe the Go Ahead drivers will be responsible for keeping the bus clean. Maybe even washing it. Currently the people of Dublin use the bus as a rubbish bin . Taking fast food, beer, soft drinks, coffee, bar wrappers onto the bus to consume while they are travelling. Who cares? I dont. I dont have to clean it. Keeps a whole team of guys in work. But If I did have to clean it, the first person to even try and get on with a can of coke or a lunch box will be refused at the door. Looking forward to watching the GoAhead twitter rants on this.
Stephen15 wrote: » I doubt they will required to do that. I don't think GA London drivers are required to clean their buses so I don't see why it would be any different for GA Dublin drivers. On another point I do think a bin should be on board Dublin Buses then maybe less people will treat it as a dump at least some will use anyway. I'm glad those free newspapers have been done away now nothing but rubbish creators on buses. There should also be bins attached to bus stop poles. Can I ask where you got that info from?
dashcamdanny wrote: » I asked go ahead for details on the the position. This is the job description. Key Responsibilities and tasks • Being professional and building trust with our customers • Assisting customers whenever required, including those with disabilities • Working to a varied schedule of driving duties, including early starts and late finishes, as well as weekend and public holiday working • Carrying out a daily check of your vehicle and its equipment ensuring it is in working order • Reporting immediately any faulty equipment or vehicle faults in accordance with company policies and procedures• Ensuring the vehicle is clean and presentable, and to the company’s required standard • Providing advice as required about routes, ticketing and timetables • Assisting in the gathering of statistical information by the completion of daily records i.e. vehicle, customer and driver records • Handling cash in line with company procedures (where required) • Referring customer complaints and anomalies about the service to your immediate supervisor • Ensuring you hold the necessary licences and approvals to drive a vehicle at all times during your employment, including but not limited to a driving licence, Driver CPC and digital tachograph card (if required) • Regularly checking and ensuring compliance with any driving hours regulations • Reporting any medical conditions or substance misuse and/or dependence, which might affect the ability to drive safely immediately to the company once employee is aware.
dashcamdanny wrote: » I asked Go Ahead for details on the the position. This is the job description. Key Responsibilities and tasks Being professional and building trust with our customers Assisting customers whenever required, including those with disabilities Working to a varied schedule of driving duties, including early starts and late finishes, as well as weekend and public holiday working Carrying out a daily check of your vehicle and its equipment ensuring it is in working order Reporting immediately any faulty equipment or vehicle faults in accordance with company policies and procedures Ensuring the vehicle is clean and presentable, and to the company’s required standard Providing advice as required about routes, ticketing and timetables Assisting in the gathering of statistical information by the completion of daily records i.e. vehicle, customer and driver records Handling cash in line with company procedures (where required) Referring customer complaints and anomalies about the service to your immediate supervisor Ensuring you hold the necessary licences and approvals to drive a vehicle at all times during your employment, including but not limited to a driving licence, Driver CPC and digital tachograph card (if required) Regularly checking and ensuring compliance with any driving hours regulations Reporting any medical conditions or substance misuse and/or dependence, which might affect the ability to drive safely, immediately to the company once employee is aware.
Key Responsibilities and tasks Being professional and building trust with our customers Assisting customers whenever required, including those with disabilities Working to a varied schedule of driving duties, including early starts and late finishes, as well as weekend and public holiday working Carrying out a daily check of your vehicle and its equipment ensuring it is in working order Reporting immediately any faulty equipment or vehicle faults in accordance with company policies and procedures Ensuring the vehicle is clean and presentable, and to the company’s required standard Providing advice as required about routes, ticketing and timetables Assisting in the gathering of statistical information by the completion of daily records i.e. vehicle, customer and driver records Handling cash in line with company procedures (where required) Referring customer complaints and anomalies about the service to your immediate supervisor Ensuring you hold the necessary licences and approvals to drive a vehicle at all times during your employment, including but not limited to a driving licence, Driver CPC and digital tachograph card (if required) Regularly checking and ensuring compliance with any driving hours regulations Reporting any medical conditions or substance misuse and/or dependence, which might affect the ability to drive safely, immediately to the company once employee is aware.
xper wrote: » "Ensure" is suitably vague as is typical for a job description, it could mean anything from requesting cleaning to picking up loose rubbish to actually 'rolling up sleeves'. It also says drivers will ensure the equipment works - are you expecting they will be taking over the engineer roles too? I'm amused that driving a bus is only the third bullet point and obliquely mentioned at that.
pclive wrote: » Does anyone know if the drivers will be required to operate the rear doors at all stops? and will exiting passengers be told to use them?
8. Where notices are exhibited on a vehicle indicating that a door shall be used for entrance and another door for exit (except in the case of an accident or other emergency or with the consent of an authorised person) a person shall not board or attempt to board the vehicle by the door indicated for exit or alight from or attempt to alight from the vehicle by the door indicated for entrance.
AlekSmart wrote: » I would suggest that the Authority should pay somewhat more attention to the current Capacity issues,and retreat somewhat from the Dual-Door use solves all problems approach. Sort out the dwell-time issue,and single door use ceases to be of such importance.
Contrails wrote: » My question around this regards pay parity. Luas drivers went on strike a while back, often citing issues with Irish rail and pay parity. If GA do have guys out on the road for 8k pa less than DB, surely within a few months they'd grind to a halt with strike action?
dublinbuster wrote: » DB drivers supposed to be getting a pay review soon, was part of last pay deal, bring them up to LUAS pay levels, what about Go Ahead pay?
Tickityboo wrote: » Don't think so!!
Jamie2k9 wrote: » That part is not true, you should know if unions tried such a move Go Ahead and others will get a lot more than 10% of DB routes.
AlekSmart wrote: » It's actually kinda true,as the 2015 agreement contained a committment from both parties to carry out a comparative exercise with reference to the then new Tram Drivers wage scale. The Unions have not yet outlined whether this process has actually begun.