FirstGroup has been accused of overstating its annual profits by millions of pounds by using unusual and ^highly aggressive^ accounting practices (link below.)
http://www.rmtbristol.org.uk/2007/06/firstgroup_hits_back_at_claims.html#moreThe company is reporting regular business expenses , including train refurbishment and legal and professional fees related to its bids for train franchises , as exceptional or ^nonrecurring^ items.
No other British rail company follows the same practice , which has aroused the interest of
MPs▸ on the Public Accounts Committee.