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Post by vjaska on Aug 9, 2010 0:21:54 GMT
TGM are under Arriva, they have been for many years now so what 'John' and 'DLA180' is correct. Does the same apply with Centebus Holdings who Arriva have a 40% stake in?
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Post by Deleted on Aug 9, 2010 11:40:53 GMT
Incorrect. Each company has to file its own tax return they cannot be bulked together. Whether each company actually prepares its own accounts or users a third party is another issue Firstly, you're saying that the above is wrong and you, the all might powerful bob, are right? Well, that was from the Governments Budget of 2008, applicable for the Financial Year 2009/10 (April 09 - April 10) Secondly, no they don't. If a number of companies form a group, as defined above, then the holding company does the return for the group. The limits are altered to take into account this fact. This is again based on the Financial Statements provided by Arriva. This is taken from the Independent Auditors Report from the front page; " Opinion on financial statementsIn our opinion the group financial statements:
give a true and fair view of the state of the group’s affairs as at 31 December 2009 and of its profit and cash flows for the year then ended; have been properly prepared in accordance with IFRSs as adopted by the European Union; and have been prepared in accordance with the requirements of the Companies Act 2006 and Article 4 of the lAS Regulation. Opinion on other matter prescribed by the Companies Act 2006 In our opinion the information given in the Directors’ report for the financial year for which the group financial statements are prepared is consistent with the group financial statements.
Matters on which we are required to report by exception We have nothing to report in respect of the following:
Under the Companies Act 2006 we are required to report to you if, in our opinion:
certain disclosures of directors’ remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or a corporate governance statement has not been prepared by the parent company. Under the Listing Rules we are required to review:
the directors’ statement, in relation to going concern; and the part of the Corporate governance statement relating to the company’s compliance with the nine provisions of the June 2008 Combined Code specified for our review."A takeover is at it says on the tin, the companies, although registered separately, will be solely controlled by the holding company. The only time this changes is in regards to the Income Statement if a company is less than 100% owned. I personally suggest you do a degree in Accounting, it helps me very well I suggest you read what I posted. Arriva may well prepare the groups account but each complany has to file seperate accounts they just cannot make a single return under Arrivas company number
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Post by john on Aug 9, 2010 12:36:08 GMT
TGM are under Arriva, they have been for many years now so what 'John' and 'DLA180' is correct. Does the same apply with Centebus Holdings who Arriva have a 40% stake in? Depends on how many other companies have a stake in them. If it is only Arriva with 40%, then Centrebus will be in control but will pay Arriva 40% of the dividends and profits, if I remember correctly. If Arriva have to controlling stake, then accounting wise I believe yes, but for Tax no. Bob, again read what I posted. Accounting and Tax are two separate issues. They are dealt with differently and have different procedures to follow. For instance, in accounting, Depreciation is counted as a charge and is deducted from the sales of the company to get to profit. With tax, it is added back as it is a disallowable expense. Each company would have to have their own separate accounts, but they are all amalgamated into one set when published. Also, only companies that are "plc" or a listed "ltd" (there is some distinction between the two types of "ltd" company) company have to produce accounts and publish them. Sole traders etc will produce them simply to make their tax calculations easier. There is no requirement as such for them to actually have any accounts submitted. More interestingly that I didn't know is that TGM ALSO have a number of companies under their ownership, all wholly owned, meaning that Arriva's tax limits will be altered substantially. Arriva technically have 6 sub-subsidiaries, meaning they will need to own these 6 by 50% indirectly as well as having to own TGM by 50%. It gets slightly confusing, but basically the limits of £1.5 million and £300,000 will then be divided by 6 to give these limits; Upper Limit - £250,000 Lower Limit - £50,000 Basically, if Arriva GROUP plc make over £250,000 per year in tax adjusted profits, they'll pay 28% tax. This is why they complete a tax return for ALL members of their group. Although each company will be shown separately in workings, Arriva pay the tax.
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Post by Deleted on Aug 9, 2010 20:01:13 GMT
On the Essex Bus Passenger News for August 2010, it says the Arriva routes 1 and 2/3 will be operated under Network Harlow from 31/08/2010 (which we know already), and the Excel Coaches operations are branded as TGM Stansted from 29/08/2010.
Also, the 1 service (Bus Stn-Katherines) is currently just an Essex CC contract on Mon-Sat evenings, but from 31/08/2010 it will operate all day, competing with SM Coaches M1/M31 services. Not sure if they will be able to compete with SM though. Arriva operate the 1 all day until a few years back where SM Coaches managed to push Arriva out with the M1/M31 services. Arriva's 1 was originally a Buzz Co-operative route, until they went bust and Arriva took over the Buzz Co-operative routes.
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Post by Deleted on Aug 10, 2010 5:58:43 GMT
On the Essex Bus Passenger News for August 2010, it says the Arriva routes 1 and 2/3 will be operated under Network Harlow from 31/08/2010 (which we know already), and the Excel Coaches operations are branded as TGM Stansted from 29/08/2010. Also, the 1 service (Bus Stn-Katherines) is currently just an Essex CC contract on Mon-Sat evenings, but from 31/08/2010 it will operate all day, competing with SM Coaches M1/M31 services. Not sure if they will be able to compete with SM though. Arriva operate the 1 all day until a few years back where SM Coaches managed to push Arriva out with the M1/M31 services. Arriva's 1 was originally a Buzz Co-operative route, until they went bust and Arriva took over the Buzz Co-operative routes. Presumably TGM-Stanstead will use Harlow as they appear to be closing their Stanstead base
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Post by Deleted on Aug 10, 2010 19:49:07 GMT
On the Essex Bus Passenger News for August 2010, it says the Arriva routes 1 and 2/3 will be operated under Network Harlow from 31/08/2010 (which we know already), and the Excel Coaches operations are branded as TGM Stansted from 29/08/2010. Also, the 1 service (Bus Stn-Katherines) is currently just an Essex CC contract on Mon-Sat evenings, but from 31/08/2010 it will operate all day, competing with SM Coaches M1/M31 services. Not sure if they will be able to compete with SM though. Arriva operate the 1 all day until a few years back where SM Coaches managed to push Arriva out with the M1/M31 services. Arriva's 1 was originally a Buzz Co-operative route, until they went bust and Arriva took over the Buzz Co-operative routes. Presumably TGM-Stanstead will use Harlow as they appear to be closing their Stanstead base A possibility, but bear in mind the Stansted base not just oeprates the Essex CC contracts, but also operates the coach routes, and also a large about of school and works contracts, and also (I think) some airside work at Stansted Airport. Would seem a strange move to put coach routes which service Stansted Airport, as well as Airport work at Harlow.
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Post by Deleted on Aug 24, 2010 14:46:02 GMT
Went to Harlow again today, and there is advertisements all over the bus station about the new Network Harlow routes. There were leaflets for their new 'Red Route 1' service (competing with SM's M1/M31), advertising 10 minute frequencies, and 50p flat fares. Also, the Harlow day ticket has been reduced to £2 (from £2.20), which is now the same as SM's Harlow day ticket.
Also, the price from Epping to Harlow on SM's 19/20 has risen from £1.50 to £2, so the 500/501 and 19/20 services are now the exact same price of £2, so now I can just get the first bus that comes along!.
I think the new Network Harlow services will put pressure on SM Coaches, but they have drastically improved their out-of-Harlow routes (the 18, 19/20, 524 and now the new R3), so shoudn't affect them too badly.
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Post by Deleted on Aug 26, 2010 20:31:06 GMT
More news!
TWH are giving up routes 392 and also the unfrequent single journey route 14 (Staple Tye-Templefields) (Not related to SM Coaches route 14, which operates Harlow-Church Langley).
This is in order to put more buses on the 555, which is set to get a more frequent timetable from 1st Sep.
Roadrunner Coaches (SM Coaches) will take over the routes. SM Coaches already operate 1 return journey on the 392, to get rid of dead milage for their Herts CC contract 323. So SM Coaches will operate one journey, while Roadrunner will operate the main service, and they are basically the same company.
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