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#more

The 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.