Q81 Mr Bacon: You have two columns there, the second column which is the numbers in 2011/12-in other words the first four years-am I to take it that that is not so much a projection as what you are contractually expecting and will get, is that right?
Dr Mitchell: Yes, that is correct.
Q82 Mr Bacon: There is a reference in paragraph 11 where it says that "Beyond this point, the Department shares the financial consequences with the train operator, by varying the amount of subsidy paid or premium received by the Department . . ." Does "beyond this point" refer to after the first four years or does it refer to if the revenue falls 2% below the projection?
Dr Mitchell: Can I refer that to my colleague?
Mr Payne: It is after four years.
Q83 Mr Bacon: Within the first four years, come what may, the operators have to pay you this amount, so that is what you would expect to see.
Mr Payne: Absolutely.
Q84 Mr Bacon: Presumably there are intermediate columns available for 2007-08, 2008-09, 2009-10 to 2011-12.
Mr Payne: There, are yes.
Q85 Mr Bacon: Could you then send us a note which lists all of them rather than just the first and the last so to speak?
Mr Payne: Yes, we can.
Q86 Mr Bacon: Why was 2006/07 chosen as the start point for that chart; I presume it is because they all start in 2006, is that right?
Mr Paine: That is correct.
Q87 Mr Bacon: In that case could you send us a chart showing all the intermediate years? Then what happens after 2011-12? This is where presumably projections come in based on assumptions about revenue forecasts and so on, is that right?
Mr Payne: They are still contracted subsidies.
Q88 Mr Bacon: They are still contracted but there is more risk-sharing.
Mr Payne: Yes, there is.
Q89 Mr Bacon: Do you have numbers for those latter years?
Mr Payne: Yes, we have contracted numbers.
Q90 Mr Bacon: How far can you send us figures going forward?
Mr Payne: We can send them up to the end of each franchise.