| | RMT - The financial performance of the Train Operating Companies (Site not responding. Last check: 2007-09-24) |
 | | This chapter examines the train operators' receipts from fares and subsidies, their costs and profits for the years 1996 to 2003, the last year for which all their accounts were available as at autumn 2004, in order to understand the degree to which they are underpinned by public monies. |
 | | Firstly, as the companies themselves explained in their annual reports, this was because they devoted some effort and extra resources to "revenue protection", ensuring that all passengers paid for their journeys and at the correct fare. |
 | | While the companies do itemise the various elements of subsidies, the incentives, compensation and their sources, they vary in the clarity and form of their disclosure and the level of detail and explanation. |
| www.rmt.org.uk /Templates/Internal.asp?NodeId=92753 (3056 words) |