§ Mr. Austin MitchellTo ask the Secretary of State for Transport what is the current capitalisation of European Passenger Services Ltd.
§ Mr. WattsAt 31 March 1994, the date of the latest audited accounts, the company had a capital value in terms of fixed assets of £928 million.
§ Mr. Austin MitchellTo ask the Secretary of State for Transport what was the valuation of assets transferred from the British Railways Board to European Passenger Services Ltd.; and what is the value of the liabilities attributable to British Rail's former European passenger services operating divisions that remain on the British Railways Board's balance sheet.
§ Mr. WattsThe net value of assets transferred from the BR Board to European Passenger Services were valued at approximately £818 million. The board retains certain contingent liabilities in respect of guarantees and indemnities which it had entered into when EPS was its subsidiary.