So it's ok for Lothian to transfer vehicles to Dean's for LCB and it costs nothing you know no inter company transfer costs / Depreciation etc !! but if First group decides to move vehicles around it's going to cost the earth?
Seems to me both companies are willing to take the costs at this time so I wouldn't worry too much about the inner workings .
No, Lothian's costs for the their transfers/fleet additions are included in the £6 million losses you keep quoting, which aren't actually all losses as TGW has stated. Some are assets which can be re-deployed elsewhere, other parts are property which could be sold or rented out should LBC exit from West Lothian in the future.
If its costs nothing to do intergroup transfers, please enlighten us why in the 'Tangible fixed assets' section of both Midland Bluebird Ltd & First Scotland East Ltd latest accounts there is a section under 'cost additions'
Intra Group transfers in with values attributed then followed by Depreciation costs
Intra Group transfers in ?
No one suggested it would cost the earth for First, you don't put up balanced / like for like arguments and gloss over certain bits.
Correct just like Lothian, Lothian country ,east coast etc ,a good accountant is required
No need for a good account, just one that knows which limited company to allocate the costs / sales / assets against - shouldn't be rocket science / need any creativity.
