"£30m sits unused on London Oyster travel cards "
Mizter T wrote in
:
I don't think there's any big deal or problem here at all,
was just interesting to note. As the story makes clear, the unused
credit doesn't expire and can be reclaimed by surrendering the card.
It may not be a problem, but accountants (and accounting standards)
nowadays require such things to be recorded as liabilities on corporate
accounts, which is (one reason) why most commercial vouchers and 'points'
have an expiry date.
Presumably the GBP 30m will continue to increase over the years, so I
wonder whose balance sheet shows the liability?
Peter
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| Peter Campbell Smith | Epsom | UK |
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