HC Deb 08 March 2001 vol 364 c271W
Mr. Brake

To ask the Secretary of State for the Environment, Transport and the Regions, pursuant to his answer of 23 January 2001 to the hon. Member for Hammersmith and Fulham (Mr. Coleman),Official Report, column 525W, on London Underground, what factors underlay the difference between (a) the original figure for London Underground's gross operating margin for 1999–2000 and the revised figure, (b) the original operating loss of London Underground Ltd. for 1999–2000 and the revised loss, (c) the original budgeted gross operating margin of London Underground Ltd. for 2000–01 and the revised figure and (d) the original budgeted investment programme for London Underground Ltd. in 2000–01 and the revised figure. [152370]

Mr. Hill

As was made clear in the Answer referred to in the Question, these differences result from London Underground's adoption of the accounting standard Financial Reporting Standard 15, which governs the treatment of tangible fixed assets. The underlying figures are unchanged.