To ask the Secretary of State for Transport, whether each train company with a franchise agreement has been asked by his Department to provide information on its (a) balance sheet and (b) financing structure and policy.
22 June 2020
The Emergency Measures Agreements (EMAs) continue existing Franchise Agreement obligations to require train operators to provide periodic management accounts to the Department. An equivalent obligation also applies to the two operators that are in direct public ownership. The management accounts include a periodic profit and loss account, balance sheet and cash flow statement.