Swanage Railway General Discussion

Accountants might raise questions about the matching principle, and whether income should be recognised where related expenditure would not be incurred in the same period.

 

I did say I'm not an expert in such matters, but I was chatting recently to a NYMR former Financial Director, and he pointed out that in one recent year the annual deficit would have been rather worse if a recent grant award had not been included in the stated income, and it presumably hadn't all been spent by then. I think his opinion is worth rather more than mine!

 

Indeed, a specialist opinion is always worthwhile. But that somewhat makes my point, as my understanding of the principle is that such flattery of one year's results is not particularly good practice.

 

Please vote:
World Cup of Stations

 

Obviously it is too early to tell how popular this year's Santas will compare with the Polar Express operation as regards numbers carried.
However, without concession fees being paid on every Polar Express ticket then, perhaps, the railway-organised Santas might actually be more profitable even if fewer passengers are carried.
Time will tell I suppose.