Rail

Page 1

Rail 2013 Train operating Owners^ companiesªۜ National Express Group Plc: Elliot International C2C Rail LP, Jorge Cosmen, European Express Enterprises Deutsche Arriva Trains Bahn: Wales Government of Germany

£m Revenue

Profit after tax

Operating Tax* profit

Interest Dividends* Borrowings Equity

139

9

2

8

10

1

10

307

19

6

16

16

2

26

Deutsche Bahn: Government of Germany

167

0

2

-1

1

40

-63

Deutsche Cross Country Bahn: Trains Government of Germany

553

12

4

11

0

1

36

Stagecoach East Midlands Plc: Brian Trains Souter, Ann Gloag

337

14

4

11

2

46

-29

First Capital Connect

First Group Plc: Orbis Holdings, Majedie Asset Management, Schroders

604

5

2

8

0

12

10

First Great Western

First Group Plc: Orbis Holdings, Majedie Asset Management, Schroders

1130

-21

0

-10

2

27

-42

33

3

0

41

1

0

6

135

17

4

13

0

2

4

681

0

0

0

0

2

4

Chiltern Railway

Deutsche Bahn: Grand Central Government of Germany NV Nederlandse Spoorwegen: Government of Netherlands Merseyrail Serco: Franklin Resources, Invesco, Government of Singapore NV Nederlandse Abellio Spoorwegen: Greater Anglia Government of Netherlands

10

15


NV Nederlandse Spoorwegen: Government of Netherlands Northern Rail Serco: Franklin Resources, Invesco, Government of Singapore Stagecoach Plc: Brian South Western Souter, Ann Gloag

593

34

5

33

0

34

2

4

867

17

6

18

1

18

7

8

London and Southeastern

Go-Ahead Group Plc: UBS, Ameriprise Financial Inc

754

1

2

4

1

7

5

37

Southern

Go-Ahead Group Plc: UBS, Ameriprise Financial Inc

705

18

5

17

1

13

2

25

West Coast

Virgin: Richard Branson

898

18

8

26

London and Birmingham

Go-Ahead Group Plc: UBS, Ameriprise Financial Inc

357

-1

-1

1

0

First Scotrail

First Group Plc: Orbis Holdings, Majedie Asset Management, Schroders

779

11

5

14

1

First Group Plc: First Orbis Holdings, TransPennine Majedie Asset Express Management, Schroders

242

17

5

14

40

33

21

12

16

21

13

21

2

29


Rolling stock operating companies (ROSCOs) Arcus Infrastructure Partners; AMP Capital Investors; International Public Angel Trains* Partnerships; 336 Public Sector Pension Investment Board and STC Funds Nominee Pty Ltd and Prime Super Antin Porterbrook Infrastructure, Leasing 326 Deutsche Company Bank, OP Trust STAR Capital Partners, 3i Infrastructure Eversholt Rail 97 plc and Morgan Group Stanley Infrastructure Partners Total 10037

147

-14

100

75

130

-48

50

162

-3

2

23

7

-6

376

271

207

448

0

928

303

2566

174

116

3686

^ Top three shareholders included for companies listed on public stock exchanges. * Dividend figures are taken from the cash flow statement to show actual paid in the year. Given the lack of cash flow disclosure by many companies tax figures have been taken from the profit and loss statement ÂŞŰœ See the list at the bottom of this sheet for the particular group company that the figures have been taken from. Where possible, the accounts used have been consolidated group accounts, though the majority of the rail companies above do consolidate their operations below the group of their ultimate owners, who have a range of other operations. * Angel Trains declare significantly higher dividends in their accounts but as most of these were non-cash, only the cash dividends have been included here.

CALCULATIONS Total paid out in interest and dividends Total debt and equity Approximate cost of UK government 30 year gilts based on prices over the last year (%) (http://www.bloomberg.com/markets/ratesbonds/government-bonds/uk/) Total that would be paid out in interest on government gilts on equivalent debt and equity Total savings if publicly financed (with tax paid by the companies added to the gilt interest) Per household

478 4401 3 132 352 13.33

715


2012, £m Train Profit Operating operating Owners^ Revenue Tax* after Interest Dividends* Borrowings Equity profit companiesªۜ tax National Express Group Plc: Elliot International C2C Rail 133 10 2 9 6 1 13 LP, Jorge Cosmen, European Express Enterprises Deutsche Bahn Arriva Trains AG: 287 17 5 14 16 1 12 Wales Government of Germany Deutsche Bahn Chiltern AG: 153 -3 -1 -5 1 60 -75 Railway Government of Germany Deutsche Bahn Cross Country AG: 388 -30 -7 -20 1 59 -1 Trains Government of Germany Stagecoach East Midlands Plc: Brian 324 -34 -24 -10 2 69 -39 Trains Souter, Ann Gloag

First Capital Connect

First Group Plc: Orbis Holdings, Majedie Asset Management, Schroders

548

4

2

5

0

First Great Western

First Group Plc: Orbis Holdings, Majedie Asset Management, Schroders

1019

-9

0

1

Deutsche Bahn AG: Grand Central Government of Germany

27

0

-1

NV Nederlandse Spoorwegen: Government of Netherlands Serco: Franklin Resources, Invesco, Government of Singapore

132

15

NV Nederlandse Abellio Spoorwegen: Greater Anglia Government of Netherlands

570

5

Merseyrail

5

27

13

3

42

-32

0

0

46

-44

4

11

0

3

5

1

4

2

4

11


Northern Rail

NV Nederlandse Spoorwegen: Government of Netherlands Serco: Franklin Resources, Invesco, Government of Singapore

571

35

11

28

0

28

1

5

815

44

14

35

1

32

4

10

736

17

7

16

1

20

1

39

665

14

5

13

1

14

1

19

938

34

11

29

0

29

0

47

333

-2

-1

0

0

8

9

First Group Plc: Orbis Holdings, Majedie Asset Management, Schroders

614

17

6

17

1

16

22

8

First Group Plc: First Orbis Holdings, TransPennine Majedie Asset Express Management, Schroders

285

66

18

50

31

0

35

521

3

474

83

76

1013

223

129

-31

27

154

2377

125

Stagecoach Plc: Brian South Western Souter, Ann Gloag Go-Ahead Group Plc: London and UBS, Southeastern Ameriprise Financial Inc Go-Ahead Group Plc: Southern UBS, Ameriprise Financial Inc Virgin: Richard West Coast Branson Go-Ahead Group Plc: London and UBS, Birmingham Ameriprise Financial Inc

First Scotrail

Rolling stock operating companies (ROSCOs) Arcus Infrastructure Partners; AMP Capital Investors; International Public Angel Trains Partnerships; 341 Public Sector Pension Investment Board and STC Funds Nominee Pty Ltd and Prime Super Antin Porterbrook Infrastructure, Leasing 336 Deutsche Company Bank, OP Trust


STAR Capital Partners, 3i Infrastructure Eversholt Rail plc and Morgan Group Stanley Infrastructure Partners Total

Company C2C Rail Arriva Trains Wales Chiltern Railway

9322

848

-1

7

20

24

703

268

Individual group company accounts figures taken from C2C Rail Ltd Arriva Trains Wales Ltd Chiltern Railways Company Ltd

Cross Country XC Trains Ltd Trains East Midlands EMT Trains First Capital Connect First Great Western

First Capital Connect Ltd First Greater Western Ltd Grand Central Grand Central Railway Company Ltd Merseyrail Services Merseyrail Holding Company Ltd* Abellio Abellio Greater Greater Anglia Anglia Ltd 2013 Northern Rail Ltd Stagecoach South Western Southwestern trains Ltd London and London and Southeastern Southeastern Railway Ltd Southern Southern Railway Ltd Virgin Rail West Coast Group Holdings Ltd* London and London and Birmingham Birmingham Railway Ltd Northern Rail

First Scotrail

108

First Scotrail Ltd

First First/Keolis TransPennine Transpennine Express Ltd Angel Trains*

Angel Trains Ltd

Porterbrook Leasing Company

Porterbrook Leasing Company Ltd

121

283

3736

498


Eversholt Depot Finance (UK) Ltd, Eversholt Rail Eversholt Rail (380) Ltd, Group Eversholt Rail (UK) Ltd, Eversholt Rail (385) Ltd


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.