Profit in its Fossil Power Generation sector was the strongest, with profit up 10% to 407 million, as good project executive offset the lower new orders compared to a year ago.

FORBES: Siemens Reports Profit Growth, Cites Euro Worries

Project delays in Algeria offset increases in the United Kingdom, and will continue to produce price strains in the next quarter.

FORBES

If a creator receives funding in one year and spends money on their project in a later year, consider whether their expenses can still offset their Kickstarter funding using the accrual method of accounting.

FORBES: Could Kickstarter's Policies Trigger An IRS Tax Audit?

The project has suffered some delay and the Bath and North East Somerset Council is still looking for a private backer to offset some of the cost.

BBC: Work underway to re-open Bath spa