Misplaced Pages

#204795

46-549: In 2007 there were 4.01 million BahnCard holders in Germany (≈5% of Germany's population). More than half of the passenger revenue of DB Fernverkehr (long-distance) comes from tickets sold to BahnCard holders. Apart from entitling the holder to discounts, the BahnCard also functions as an ID card for the validation of online tickets and mobile phone tickets and for purchasing tickets from vending machines. BahnCard holders can also call

92-637: A transport association that covers the public transport network of the Frankfurt Rhine-Main area in Germany. Its head office is located in Hofheim im Taunus . The RMV is a transportation association operated by 15 counties, 11 independent cities and the Bundesland of Hesse . It was founded 25 May 1995, as the successor of the Frankfurter Verkehrsverbund (FVV), which was incorporated into

138-408: A 50% discount on standard walk-on fares called Flexpreis , and 25% discount on discounted fares called (Super) Sparpreis . It is aimed primarily at frequent travellers who want the convenience and flexibility of being able to hop on a train without making prior arrangements. In 2006 there were 1.8 million BahnCard 50 in circulation, and BahnCard 50 passengers undertake an average of 50 train journeys

184-416: A BahnCard with credit card functionality was introduced in cooperation with Citibank . Two new versions were now offered in addition to the original card, a BahnCard with Visa payment and credit card function a BahnCard with Visa Electron payment (a rechargeable debit card). The credit card Bahncards were valid for a period of two years, and the regular card still for a period of one year. The validity of

230-467: A DB long-distance journey or not. The text "+ City" is printed on the BahnCard 100, making it valid as a local transport ticket. In most participating cities, the BahnCard 100 is valid on the entire network (rail+bus+tram), in some it is valid beyond the city limits, and in some only for certain operators. In Hamburg the City-ticket is only valid in certain parts of the city, depending on what train station

276-597: A Senior rail pass was introduced by the Bundesbahn , valid for men older than 65 years and women older than 60 years, and entitling them to a discount of 50% on long-distance train tickets. Later similar passes were introduced for minors and families, valid for journeys longer than 51 kilometres (32 mi) (reduced to 31 kilometres (19 mi) later). In the Deutsche Reichsbahn (DR) , the East German rail company, which

322-434: A business's primary activities are reported as sales , sales revenue or net sales . This includes product returns and discounts for early payment of invoices . Most businesses also have revenue that is incidental to the business's primary activities, such as interest earned on deposits in a demand account . This is included in revenue but not included in net sales. Sales revenue does not include sales tax collected by

368-406: A discounted hotline printed on the cards, and an optional travel insurance can be included. A predecessor of the present-day BahnCard was introduced in 1955 by Franz-Josef Wuermeling , the then Minister for Family Affairs. Discounted train tickets became available for families with many children, and the eligibility pass became known as " The Wuermeling ". This pass was offered until 1999. In 1975

414-449: A free Bahncard 25 for a partner or family member. Families can purchase additional Bahncard 25s for household members for about 1/5 of the price. Minors can purchase a card for €10 that is valid for three years instead of one. The number of BahnCard 25 holders is growing faster than the number of BahnCard 50 holders, and a Bahncard 25 passenger undertakes an average of 10 journeys a year, according to Deutsche Bahn. The BahnCard 50 enables

460-583: A full ticket. The Deutsche Bahn-owned bus operators in Sachsen and Brandenburg do not accept the BahnCard. Since 9 December 2007 the Railplus function is automatically included in the price of the Bahncard 25/50, and have a RailPlus logo on the back of the card This allows passengers to purchase international walk-on fares tickets to 24 European countries with 15% discount, it does not matter whether trips start or cross

506-399: A monetary policy statement to the reserve bank directing a positive inflation rate, the expense provision for the return of currency to the reserve bank is largely symbolic, such that to totally cancel the currency in circulation provision, all currency would have to be returned to the reserve bank and canceled. Rhein-Main-Verkehrsverbund The Rhein-Main-Verkehrsverbund ( RMV ) is

SECTION 10

#1732851236205

552-414: A number of privileges, like free baggage collection from home, and access to VIP lounges at train stations. The car sharing service offered by Deutsche Bahn can be used at discounted rates by card holders. Some German employers issue the Bahncard 100 as a substitute for a company car and this function is intended to make the card a more attractive alternative. An electronic key based on RFID technology

598-486: A small surcharge. Since May 2023, the BahnCard 100 includes the Deutschlandticket , and thereby allows the user to use all local public transport networks across Germany. The BahnCard 100 is aimed at business travellers and heavy train users who make more than 30 long-distance journeys a year. The Bahncard 100 automatically qualifies the passenger for Deutsche Bahn's VIP program called bahn.comfort . Card holders enjoy

644-418: A two-dimensional pricing schedule, which consists of card price (a fixed cost ), and ticket price (a variable cost ). Once a passenger has bought a card, its price becomes a sunk cost and this makes the train more like the automobile, which is also characterised by high fixed costs. The decision whether to take a car or train for a particular journey depends mostly on the marginal price per kilometer, not on

690-418: A year, according to Deutsche Bahn. The BahnCard 50 can be purchased for a concessionary price by students under 27 years of age. The BahnCard 100 allows unlimited travel on the entire Deutsche Bahn network and 109 local public transport networks across Germany. The card itself is valid as a ticket; no additional paper ticket needs to be issued. Sleeper trains are excluded from the card, but can be used for

736-415: Is from something other than its core operations. The combination of all the revenue-generating systems of a business is called its revenue model . While the current IFRS conceptual framework no longer draws a distinction between revenue and gains, it continues to be drawn at the standard and reporting levels. For example, IFRS 9.5.7.1 states: "A gain or loss on a financial asset or financial liability that

782-461: Is in the process of expanding the Bahncard to a fully fledged "mobility card", offering discounts on other transport related services, such as hotel reservations, car rental , car sharing , public transport , bicycle hire , and other services. The "+ City" is currently available in 118 German cities. BahnCard 100 holders are eligible for unlimited public transport travel in the City-ticket zone of participating cities, regardless of whether they book

828-463: Is income received by a charity from donors etc. to further its social purposes. In more formal usage, revenue is a calculation or estimation of periodic income based on a particular standard accounting practice or the rules established by a government or government agency. Two common accounting methods , cash basis accounting and accrual basis accounting , do not use the same process for measuring revenue. Corporations that offer shares for sale to

874-447: Is integrated into the card, which can be used to unlock carsharing vehicles parked near train stations. Since the RFID chip is automatically included in all cards, not only the ones with carsharing capability, and since the passenger's photograph is printed on the card, it has been criticised for violating privacy rights, and DB received the 2007 Big Brother Award as a result. Deutsche Bahn

920-446: Is measured at fair value shall be recognised in profit or loss ..." while the IASB defined IFRS XBRL taxonomy includes OtherGainsLosses, GainsLossesOnNetMonetaryPosition and similar items. Revenue is a crucial part of financial statement analysis. The company's performance is measured to the extent to which its asset inflows (revenues) compare with its asset outflows ( expenses ). Net income

966-466: Is printed. This is recorded as an advance to the retail bank together with a corresponding currency in circulation expense entry, that is, the income derived from the Official Cash rate payable by the retail banks for instruments such as 90-day bills. There is a question as to whether using generic business-based accounting standards can give a fair and accurate picture of government accounts, in that with

SECTION 20

#1732851236205

1012-467: Is the result of this equation, but revenue typically enjoys equal attention during a standard earnings call . If a company displays solid "top-line growth", analysts could view the period's performance as positive even if earnings growth, or "bottom-line growth" is stagnant. Conversely, high net income growth would be tainted if a company failed to produce significant revenue growth. Consistent revenue growth, if accompanied by net income growth, contributes to

1058-546: The Guten-Abend-Ticket . Long distance DB tickets with Frankfurt as a destination also allowed a single free connecting journey for non-BahnCard customers. In exchange, Rhein-Main-Verkehrsverbund customers were able to use Deutsche Bahn Interregio (regional) trains for free. Commuters who held season tickets of the Rhein-Main-Verkehrsverbund could now also use Intercity, Eurocity, and InterCityExpress trains in

1104-501: The "better BahnCard"; only 390,000 were sold by May 1996 instead of the projected 1.5 million. The partnership with CitiBank was terminated on 31 March 1999. In 1995, the Rhein-Main-Verkehrsverbund was the first local public transport network outside Deutsche Bahn to join the BahnCard system. A 40% discount on all local train, tram and bus tickets was offered to BahnCard holders, and included in promotional tickets such as

1150-503: The RMV. It is responsible for planning, organising and financing of regional transport, alongside the local transportion organisations. This way, there is a clear distinction between the RMV "ordering" public transport and transport companies carrying it out. As of 2018 there were over 160 transport companies active in the responsible area. The area covered includes large parts of Southern Hesse, Central Hesse, and parts of Eastern Hesse, as well as

1196-465: The Rhein-Main area for a small surcharge. Towards the end of 2002, Deutsche Bahn undertook a major reform of its pricing strategy. The linear pricing model (where ticket prices were fixed and proportional to distance travelled) that had existed for over a century was partly replaced with a new model. Though the old fare system for standard tickets was kept largely unchanged, a degree of yield management

1242-399: The amount, in a monetary unit , earned during a period of time, as in "Last year, company X had revenue of $ 42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting , revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at

1288-507: The area. Additionally, there are trams in Darmstadt , Frankfurt and Mainz as well as light rail in Frankfurt and commuter trains ( S-Bahn ) to adjoining cities. There is a variety of tickets being offered, ranging from single tickets to yearly tickets. Special tickets for students and seniors (from the age of 65) are also available. Since 2017 the RMV offers compensation (amount depending on

1334-590: The association's digital media outlets. Business revenue is money income from activities that are ordinary for a particular corporation, company, partnership, or sole-proprietorship. For some businesses, such as manufacturing or grocery , most revenue is from the sale of goods. Service businesses such as law firms and barber shops receive most of their revenue from rendering services. Lending businesses such as car rentals and banks receive most of their revenue from fees and interest generated by lending assets to other organizations or individuals. Revenues from

1380-436: The business. Other revenue (a.k.a. non-operating revenue) is revenue from peripheral (non-core) operations. For example, a company that manufactures and sells automobiles would record the revenue from the sale of an automobile as "regular" revenue. If that same company also rented a portion of one of its buildings, it would record that revenue as "other revenue" and disclose it separately on its income statement to show that it

1426-461: The cards was altered from the exact day to the end of a month. The new cards now also included a photograph of the customer. The DM 50 (€25) fee for replacement cards (in case of loss) was abolished, and a dining car voucher worth €5 was included with new cards. The customer data and photographs were processed in the US, which raised privacy concerns with some groups. This campaign, called "better BahnCard",

BahnCard - Misplaced Pages Continue

1472-870: The city of Mainz in Rhineland-Palatinate. It is currently the third-largest transport network in terms of area covered (behind the Verkehrsverbund Berlin-Brandenburg and Verkehrsverbund Großraum Nürnberg ) and was the largest in the world at the time of its foundation in 1995. Neighbouring transportation associations include the Nordhessischer Verkehrsverbund (NVV), Verkehrsverbund Rhein-Neckar (VRN), Verkehrsgemeinschaft am Bayerischen Untermain  [ de ] (VAB) and Rhein-Nahe-Nahverkehrsverbund  [ de ] (RNN). There exists an extensive set of regional rail services and buses operate in all parts of

1518-544: The end of the year, it was bought by 650,000 clients. A major advertising campaign was started by the (then called) Bundesbahn , where the card was marketed under the slogan travel for a year for half the price . The TV advertising campaign for the new product won several awards. The introduction of the BahnCard coincided with the launch of the high-speed InterCityExpress trains, a luxury service that gained wider customer acceptance than previous intercity trains. One million BahnCards were sold by 20 January 1993. In July 1995,

1564-544: The organization's mission , income from fundraising activities, and membership dues. Revenue (income and gains) from investments may be categorized as "operating" or "non-operating"—but for many non-profits must (simultaneously) be categorized by fund (along with other accounts). For non-profits with substantial revenue from the dues of their voluntary members: non-dues revenue is revenue generated through means besides association membership fees. This revenue can be found through means of sponsorships , donations or outsourcing

1610-666: The origin country of the RailPlus card. Before December 2007 this option was only available for journeys to Austria and Switzerland under the TEE Rail Alliance . Revenue In accounting , revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business . Commercial revenue may also be referred to as sales or as turnover . Some companies receive revenue from interest , royalties , or other fees . "Revenue" may refer to income in general, or it may refer to

1656-464: The passenger arrives in. In Frankfurt the City-ticket is only valid in the central tariff zone. Many bus companies in Germany, including most of the regional bus routes operated by DB, accept the BahnCard if not traveling fully within the area of a Passenger Transport Executive. The same discount of 25% applies both to the BahnCard 25 and the BahnCard 50, and the Mobility BahnCard 100 is valid as

1702-647: The pricing model was modified again in August 2003. The original 50% discount Bahncard was reintroduced alongside the 25% Bahncard, however its price was increased from €120 to €200. On 14 December 2003 the City ticket (see below) was launched in 44 cities in cooperation with the Verband Deutscher Verkehrsunternehmen (Union of German Transport Operators), Deutsche Bahn , and the individual local transport companies. On 12 December 2004, another 13 cities joined

1748-738: The public are usually required by law to report revenue based on generally accepted accounting principles or on International Financial Reporting Standards . In a double-entry bookkeeping system , revenue accounts are general ledger accounts that are summarized periodically under the heading "revenue" or "revenues" on an income statement . Revenue account-names describe the type of revenue, such as "repair service revenue", "rent revenue earned" or "sales". For non-profit organizations , revenue may be referred to as gross receipts , support , contributions , etc. This operating revenue can include donations from individuals and corporations, support from government agencies, income from activities related to

1794-484: The scheme; on 11 December 2005 (coinciding with the new DB timetable) another 19, on 1 April 2007 another 16, and on 10 December 2007 yet 7 more. 100 million rail tickets with "City-ticket" function were sold by the beginning of 2008. Between 2004 and 2008 the number of BahnCard holders grew by one million to 4.01 million, the highest in the history of the card. In March 2024, DB announced to no longer issue BahnCard 25 and 50 as an actual plastic card from July 2024, making

1840-464: The total cost. The effect of the BahnCard was to shift the marginal cost of the train journey below that of the car journey for many customers. The BahnCard itself was introduced on 1 October 1992. Initially the card was available for second class travel and 50% discount only, but at Christmas 1992, the BahnCard First for the first class was launched along with gift vouchers for the new product. By

1886-472: The use of its corresponding smartphone apps mandatory to access the virtual variant. The BahnCard 25 also entitles the passenger to 25% discounts on top of fares already discounted, called (Super) Sparpreis , that are available under certain constraints such as advance purchase. It also entitles to group discounts, which are meant to make rail travel more attractive to groups of passengers who would have travelled by car otherwise. BahnCard 100 customers receive

BahnCard - Misplaced Pages Continue

1932-503: The value of an enterprise and therefore the share price. Revenue is used as an indication of earnings quality. There are several financial ratios attached to it: Government revenue includes all amounts of money (i.e., taxes and fees) received from sources outside the government entity. Large governments usually have an agency or department responsible for collecting government revenue from companies and individuals. Government revenue may also include reserve bank currency which

1978-458: The very top of the income statement . This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses). In general usage, revenue is the total amount of income by the sale of goods or services related to the company's operations. Sales revenue is income received from selling goods or services over a period of time. Tax revenue is income that a government receives from taxpayers. Fundraising revenue

2024-457: Was criticised by the newspaper Die Zeit in June 1996, which reported that customers were tricked into buying the credit card version against their will and that organisational errors lead to delays of several months and the delivery of incorrect cards. In June 1996 the magazine Focus reported that "CitiBank must improve BahnCards". Despite a high-profile marketing campaign, customers largely rejected

2070-598: Was introduced for discounted tickets . As a part of this reform the discount offered to Bahncard holders was reduced from 50% to 25%. The justification was that the Bahncard discount was now valid on top of the new saver fares (called Plan-und-Spar ) that offered discounts of up to 40% on the standard fares but were only available under certain conditions (non-exchangeable; booking more than 3 days in advance; return journey required; "weekeend rule"; limited number of seats). This reform proved highly unpopular with customers. After passenger protests and declining passenger numbers,

2116-469: Was later merged with the Bundesbahn , normal student ID cards entitled students to a discount of 50% on all journeys and 75% if the journey was between home and university. The main motivation for introducing the BahnCard was to increase competitiveness against the automobile . Prior to the BahnCard, Deutsche Bahn priced a trip between any two points related to the distance travelled; this pricing structure proved uncompetitive with driving. The card allowed

#204795