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Metrolinx: Bombardier Flexity Freedom & Alstom Citadis Spirit LRVs

nfitz said:
Not sure that's final yet.

Perhaps orange still ...
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or they could just go with the current TTC livery. However, it is kind of nice having the SRT being branded with the Line 3 clour. They also have a Rocket train with advertising for the extension that has Line one on the doors.
 
Leo_Chan said:
Q4? More like Q5 ;)
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That would be Q 1 of the next year. Q4 refers t the fourth quarter of the fiscal year, some companies use a different day for the start of the year other then January 1st ( an example the Walt Disney Copmpires fiscal year begins on October 1st every year), each year is then devised into 3-month blocks or quarters.
 
EastYorkTTCFan said:
That would be Q 1 of the next year. Q4 refers t the fourth quarter of the fiscal year, some companies use a different day for the start of the year other then January 1st ( an example the Walt Disney Copmpires fiscal year begins on October 1st every year), each year is then devised into 3-month blocks or quarters.
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Yeah I know. I was just joking.
 
EastYorkTTCFan said:
That would be Q 1 of the next year. Q4 refers t the fourth quarter of the fiscal year, some companies use a different day for the start of the year other then January 1st ( an example the Walt Disney Copmpires fiscal year begins on October 1st every year), each year is then devised into 3-month blocks or quarters.
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I suspect @KevinT was using a calendar year with Q4 ending December 31 2018. If he was using a fiscal year, the Ontario Government (and, thus, Metrolinx) has a year end of March 31 and, therefore, we are already deep into Q4 2018.
 
TOareaFan said:
I suspect @KevinT was using a calendar year with Q4 ending December 31 2018. If he was using a fiscal year, the Ontario Government (and, thus, Metrolinx) has a year end of March 31 and, therefore, we are already deep into Q4 2018.
Click to expand...
When we talk about Government Fiscal Years we are actually in Q4 2017
 
TOareaFan said:
I suspect @KevinT was using a calendar year with Q4 ending December 31 2018. If he was using a fiscal year, the Ontario Government (and, thus, Metrolinx) has a year end of March 31 and, therefore, we are already deep into Q4 2018.
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Lol, I have no idea what I was using, I just read slide 14 of the presentation linked in the post I was quoting. The question is what were the slide creators using?

Edit to add: https://www.slideshare.net/Crosstow...and-eglinton-maintenance-and-storage-facility
 
TOareaFan said:
Fiscal years are marked by the year they end......in, both, govrnment and business.
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No - they are marked by convention.

In my company it is indeed Q3 2018 currently. In another it might well be Q3 2017. Or T1 2018. Or F17 3815

jordanmkasla2009 said:
When we talk about Government Fiscal Years we are actually in Q4 2017
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Which government?

Aren't we in Q1 2018 for the City of Toronto government?
 
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nfitz said:
No - they are marked by convention.

In my company it is indeed Q3 2018 currently. In another it might well be Q3 2017. Or T1 2018. Or F17 3815
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If you say so.....I should say, though, that as a lender I have been reviewing companies’ FS for over 30 years and I have never seen it done any way other than a) the year is referred to by the calendar year in which the fiscal year ends and b) each quarter is referred to as Q”x” in that fiscal year- no matter what year the calendar says.

So, for example, my company has a fiscal year end of November 30......2018 began for us on December 1, 2017 and for the entire month of December we were in Q1 2018.

Like I said, I have reviewed hundreds (likely thousands) of different company financials over the years.....this has been the approach in all of them and I cannot for the life of me figure out what advantage there would be to treat it any differently. Why would an entity whose year ends on March 31 2018 refer to the first 3 months of 2018 as anything other tha Q4 2018.....after all, on April 1 it becomes 2019.
 
nfitz said:
No - they are marked by convention.

In my company it is indeed Q3 2018 currently. In another it might well be Q3 2017. Or T1 2018. Or F17 3815

Which government?

Aren't we in Q1 2018 for the City of Toronto government?
Click to expand...

I was referring to the Provincial Government in which we are in Q4 of Budget 2017 for the Fiscal Year Ending 31 March 2018.
 
TOareaFan said:
If you say so.....I should say, though, that as a lender I have been reviewing companies’ FS for over 30 years and I have never seen it done any way other than a) the year is referred to by the calendar year in which the fiscal year ends and b) each quarter is referred to as Q”x” in that fiscal year- no matter what year the calendar says.

So, for example, my company has a fiscal year end of November 30......2018 began for us on December 1, 2017 and for the entire month of December we were in Q1 2018.
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That's certainly the most common, by far.

To tell truth, I'm not sure we did though 10 years ago when our fiscal end was end of September. I guess that would be Q2 2018 now. But it's only with the advent of standardized accounting software that we started calling it Q2 2018, before our recent end-month change.

We'd simply refer to it as the fourth quarter - July-September 2018. Before we gave the accountants too much power ...

Gosh, I should poke for examples now ...

jordanmkasla2009 said:
I was referring to the Provincial Government in which we are in Q4 of Budget 2017 for the Fiscal Year Ending 31 March 2018.
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Which reminds me. I have seen the current period refered to as Q4 2017-18 - rather than Q4 2018.
 
News Release

New Brampton Facility will Support Over 600 Jobs and Boost Public Transit
April 10, 2018

Ontario Partners with Alstom to Assemble Light Rail Vehicles for Peel and GTHA
Ontario is supporting over 600 jobs and delivering more public transit for communities in Peel Region and the Greater Toronto and Hamilton Area (GTHA) with the opening of a new assembly facility for light rail vehicles (LRVs) in Brampton.

Steven Del Duca, Minister of Economic Development and Growth, was in Brampton today to announce the future home of Alstom's new LRV assembly facility. In May 2017, Ontario announced a contract with Alstom to provide 61 vehicles for light rail transit (LRT) projects in the GTHA, with an option to acquire an additional 44 vehicles.

The contract, which is worth $528 million, will create between 100 and 120 full-time jobs in the new Alstom facility in Brampton, and support an additional 400 to 500 spinoff jobs. It will ensure that Metrolinx has the high-quality vehicles needed to open its LRT projects in the GTHA on time.

Ontario's plan to support care, create opportunity and make life more affordable during this period of rapid economic change includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25, and 65 or over, through the biggest expansion of medicare in a generation.


QUICK FACTS
  • Ontario added 10,600 jobs in March. Since the recession in 2008, Ontario has gained more than 800,000 new jobs, and currently has the lowest unemployment rate in 17 years. Last year, 500 new jobs were created, on average, each day.
  • Since 2003, Ontario has invested about $16 billion in priority rapid transit projects in the GTHA, including $1.4 billion for the Hurontario LRT and $8.4 billion for rapid transit projects in the City of Toronto such as the Eglinton Crosstown LRT and the Finch West LRT.
  • Ontario is making the largest infrastructure investment in hospitals, schools, public transit, roads and bridges in the province's history. To learn more about what's happening in your community, go to Ontario.ca/BuildON.
 
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